Avid (AVID) discloses chairman/CEO Gary Greenfield has "voluntarily resigned" from both positions, but will remain a board member. Fellow board member Louis Hernandez, until now the CEO of banking software firm Open Solutions, has been named CEO. Another director, George Billings, is the new chairman. Hernandez takes over a company that has been bleeding share for years in the professional video hardware/software space to Adobe and Apple. Shares are halted.