Sonic Foundry announced that after eight years of leading the company, Chief Executive Officer Gary Weis will retire, effective May 1, 2019. Weis will serve as a Senior Advisor to the company through April 30, 2020 and remain on the company's Board of Directors, where he has been since 2004. In the role of Senior Advisor he will be principally involved in assisting the company's Special Committee of Independent Directors in seeking to maximize shareholder value.

After a careful succession planning process undertaken by the Board of Directors, Michael Norregaard, who was named Chief Operating Officer earlier this year, will assume the role of Chief Executive Officer.