RealNetworks today named Bruce Jaffe to its Board of Directors.
Jaffe is a former Microsoft executive who joined the Redmond company in 1995 and was most recently corporate vice president of corporate development before leaving in 2008.
“We are delighted to have Bruce join the RealNetworks board,” Rob Glaser, RealNetworks’ Chairman and CEO, said in a statement. “Bruce brings a rare combination of intellectual rigor and broad perspective that will serve RealNetworks well in the months and years ahead.”
Currently, Jaffe is CEO of Seattle-based investment firm Three Point Group. He is also the former CFO at Glam Media.
“RealNetworks has a history of innovation and a unique portfolio of products and technologies,” Jaffe said in a statement. “I look forward to working with the RealNetworks team as it continues its efforts to optimize this portfolio and revitalize the company.”
Last month, John Cunningham resigned from the RealNetworks board. The Seattle angel investor and head of Clear Fir Partners joined the board in July 2012.
There are now seven members on RealNetworks’ board.
The company, meanwhile, posted $34 million in revenue and a loss of $0.77 per share in its most recent earnings report. Its stock is down nearly 46 percent in 2015.
