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Broadcasting & Cable
Broadcasting & Cable
Business
Daniel Frankel

Harmonic Announces Change at CEO, Pulls Video Unit Off the Market

Harmonic
Harmonic.

Shares for Harmonic are down nearly 17% Tuesday, with the San Jose, Calif.-based technology company announcing a change at CEO, as well as a decision to pull its video business off the sales block following a review (yes, a strategic one).

Nimrod Ben-Natan, a 28-year product strategy veteran at the company, will step into the lead role, replacing Patrick Harshman, who is set to retire as president and CEO in June. Ben-Natan has led Harmonic's broadband business as senior VP and GM since 2012.

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