Nand Gangwani Named As Roxio's Chief Financial Officer
Santa Clara, California - (November 14, 2003) - Roxio®, a division of Sonic Solutions®
(NASDAQ: SNIC),
the leader in digital media software, announced today the appointment of Nand Gangwani as the Company's Chief Financial
Officer, effective immediately. Mr. Gangwani, age 36, had previously held the position of Vice President of Strategic Planning
and M&A at Roxio. He replaces Elliot Carpenter, who is resigning, and will be assisted by Mr. Carpenter in the transitioning
of responsibilities.
"Nand has been a key member of Roxio's senior management team and has proven himself as a very accomplished financial manager
and a strong strategic collaborator," said Chris Gorog, Roxio Chairman and CEO. "We wish Elliot well in his future pursuits
and are very grateful to him for his excellent and tireless contribution to Roxio."
Mr. Carpenter commented, "After more than eight years with the Roxio business, I have chosen to spend some extended time off
with my family. I will miss the opportunity to continue to grow with this innovative company and to work with this top notch team.
Over the coming weeks, Nand and I will be working together closely to ensure a seamless transition."
Mr Gangwani has more than 12 years of strategic planning and corporate development experience in diverse industries. Prior to
joining Roxio, he worked at Intuit Corporation and most recently at Evolve where he held the position of Vice President of
Corporate and Business Development. During this time, Mr. Gangwani led corporate development efforts, conducting strategic
financial planning and analysis to guide corporate decisions and developed product roadmaps leading into new markets. Prior to
that, Mr. Gangwani served in various business and financial analysis roles at Emery Worldwide, DHL Airways and Arthur Andersen.
Mr. Gangwani holds a Bachelor of Technology from the Indian Institute of Technology (IIT Delhi), and an MBA in Finance from
Bentley College.
About Roxio
Roxio, a division of Sonic Solutions, develops and markets the best-selling digital media software in the world. Roxio offers
award-winning software products for CD/DVD burning, photo editing and video editing and has an installed base of over 150 million
users. Roxio distributes its products globally through strategic partnerships with major hardware manufacturers, through leading
retailers, through Internet partnerships and through direct sales at www.roxio.com. Roxio's
parent company, Sonic Solutions (NASDAQ: SNIC;
http://www.sonic.com) is the leader in digital media software and provides a broad range of software
tools and applications for creative professionals, business and home users and technology partners. Sonic's products range from professional
DVD authoring systems and interactive content delivery technologies that are used to produce the majority of Hollywood movies released on DVD,
to the award-winning Roxio- and Sonic-branded CD and DVD creation, playback and backup applications that have become the premiere solutions
for consumers and business users worldwide. Sonic's AuthorScript® is the de facto standard for CD and DVD burning and formatting and has
been licensed by major software and hardware manufacturers, including Adobe, Broadcom, Microsoft, Scientific-Atlanta, Sony, and many others.
Sonic Solutions is headquartered in Marin County, California.
Sonic, the Sonic logo, Sonic Solutions, Roxio, MyDVD, CineMagic, Plug & Burn, LiveShare, Roxio Easy Media Creator, and AuthorScript are
trademarks or registered trademarks of Sonic Solutions or its subsidiaries in the United States and/or other countries. Dolby is a trademark
of Dolby Laboratories. All other company or product names are trademarks of their respective owners and, in some cases, are used by Sonic
Solutions under license. Specifications, pricing and delivery schedules are subject to change without notice.