MUMBAI: Dolby Laboratories, Inc has appointed Murray J. Demo as executive vice president and CFO. He will begin office from 4 May, 2009.

Demo will replace Dolby’s interim CFO and report to Dolby president and CEO Kevin Yeaman.

“Murray brings an impressive track record as a leader and financial executive. I’m pleased to welcome him to the team. His experience will be invaluable as we continue to pursue opportunities in new and existing markets and scale our company for future growth,” said Yeaman.

Demo comes to Dolby with more than 20 years of financial and strategic business management experience. He most recently served as executive vice president and CFO at LiveOps, Inc.