Broadcast International, Inc. Looks For New CEO

Adrian J Cotterill, Editor-in-Chief

On July 16, 2012, the Board of Directors of Broadcast International, Inc. (OTCBB: BCST), announced that Rodney M. Tiede, the President and Chief Executive Officer of the Company, had been reassigned – he will though, continue to serve as the President of the Company and assume the job title and the responsibilities of the General Manager of the Broadcast International Networks Division.

At that time, the board also approved the formation of an Executive Committee of the Board, composed of William Boyd, Mark Spagnolo, and Donald Harris, that will assume the chief executive officer functions for the Company.

We are told that the ‘Executive Committee’ will meet with Company officers on a regular basis and will approve proposed expenditures of USD 5,000 or more.

The search for a new Chief Executive Officer is now on BUT as usual there is much more to the story – these guys are pretty much for sale – they all but have the sign in the yard out front!

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