GoPro Inc. has named Susan Lyne, founder and president of AOL-backed investment fund BBG Ventures, to its board of directors.
According to the action camera and Karma drone maker, Lyne brings decades of experience in media, e-commerce, technology and consumer products to the company. Notably, she was CEO of the AOL Brand Group; CEO and then chair of Gilt.com; and president and CEO of Martha Stewart Living Omnimedia. Before that, she worked at Disney/ABC, where she rose to president of ABC Entertainment.
Her current company, BBG Ventures, invests in entrepreneurs building the next generation of consumer products and services, and every company in its portfolio has at least one female founder, GoPro notes.
“We look for exceptional individuals to strengthen our board’s capabilities and culture, and we are happy to have identified a superb addition in Susan Lyne,” comments Nicholas Woodman, GoPro’s CEO and founder. “We believe her operating and leadership experience will be valuable as GoPro continues to grow its business globally.”
“I’m delighted to join the GoPro board of directors,” says Lyne. “I’ve been a fan of the company and its products since the early days and have tremendous respect for the team and the culture of innovation at GoPro. I look forward to joining them and contributing to their success where I can.”
Earlier this year, GoPro announced that its Karma drone was officially back on the market after having been recalled due to technical issues. Last November, GoPro had to withdraw all of its long-anticipated Karma drones due to what it called a “small number of instances of power loss due to a mechanical issue related to securing the drone’s battery.” Notably, the company announced disappointing third-quarter 2016 financial results and a 10% dip in GoPro shares during intra-day trading that day.