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ChyronHego CEO Michael Wellesley-Wesley to Retire Effective December 31, 2013; Board Selects Johan Apel as Successor

ChyronHego CEO Michael Wellesley-Wesley to Retire Effective December 31, 2013; 
Board Selects Johan Apel as Successor 
MELVILLE, NY -- (Marketwired) -- 09/04/13 --  ChyronHego Corporation
(NASDAQ: CHYR) today announced that CEO Michael Wellesley-Wesley has
informed the board of directors of his plans to retire as the
Company's chief executive officer after 10 years of service.
ChyronHego president and chief operating officer, Johan Apel, will
succeed Wellesley-Wesley as CEO effective January 1, 2014.
Wellesley-Wesley will remain a member of ChyronHego's Board of
Directors. 
"The recent completion of the combination of Chyron and Hego unites
two pioneering companies to create a global leader in broadcast
graphics creation, playout and real-time data visualization," said
Wellesley-Wesley. "This is a truly transformative leap forward, and
it presents an appropriate opportunity to define an orderly
succession whereby the leadership responsibilities for the combined
company transfer to Johan Apel. Johan is superbly well qualified to
develop and execute the vision, the strategies and operating concepts
for ChyronHego in ways that will allow us to simultaneously address
the evolving needs of customers and the expectations of our
shareholders." 
"Michael Wellesley-Wesley has had a distinguished career, working
tirelessly on behalf of ChyronHego's customers, shareholders and
employees to build a strategically focused company with a products
and services portfolio shaped to meet the challenges of today's media
production environment with an increased emphasis on 'live'
production tools and services," said Roger Ogden, ChyronHego
Chairman. "Throughout his tenure, Michael and the board have focused
on identifying and developing talent and assuring a high-quality
succession plan as a cornerstone of good corporate governance. The
board has every confidence in Johan's ability to take the company
forward and build shareholder value." 
Johan Apel has served as ChyronHego President and COO since May 2013.
He previously served as Chairman and CEO of Hego AB. 
About ChyronHego 
 ChyronHego (NASDAQ: CHYR) is a global leader in
broadcast graphics creation, playout and real-time data visualization
with a comprehensive range of products and services for live
television, news and sports production. ChyronHego's end-to-end
graphics offerings include hosted services for graphics creation and
order management, on-air graphics systems, clip servers, social media
and second screen applications, channel branding, graphics asset
management, virtual and touch graphics, telestration, and 3D player
tracking. Headquartered in Melville, N.Y., the company also has
offices in the Czech Republic, Denmark, Finland, Mexico, Norway,
Singapore, Slovak Republic, Sweden and the United Kingdom. More
information about ChyronHego products and services is available at
www.chyronhego.com. The Company's investor relations information is
at www.chyron.com, click on Investors. 
Special Note Regarding Forward-looking Statements
 This press release
contains "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995, including
statements relating to our belief that the recent combination of
Chyron and Hego has created a global leader in broadcast graphics
creation, playout and real-time data visualization, and represents a
transformative leap forward. These forward-looking statements are
based on management's current expectations and are subject to certain
risks and uncertainties that could cause actual results to differ
materially from those set forth in or implied by such forward-looking
statements. These risks and uncertainties include, but are not
limited to: current and future economic conditions that may adversely
affect our business and customers; potential fluctuation of our
revenues and profitability from period to period which could result
in our failure to meet expectations; our ability to integrate the
operations of Chyron and Hego successfully and in a timely manner;
our ability to maintain adequate levels of working capital; our
ability to successfully maintain the level of operating costs; our
ability to obtain financing for our future needs should there be a
need; our ability to incentivize and retain our current senior
management team and continue to attract and retain qualified
scientific, technical and business personnel; our ability to expand
our Axis online graphics creation solution or to develop other new
products and services; our ability to generate sales and profits from
our Axis online graphics services, workflow and asset management
solutions; rapid technological changes and new technologies that
could render certain of our products and services to be obsolete;
competitors with significantly greater financial resources;
introduction of new products and services by competitors; challenges
associated with expansion into new markets; failure to stay in
compliance with all applicable NASDAQ requirements that could result
in NASDAQ delisting our common stock; and, other factors discussed
under the heading "Risk Factors" contained in Item 1A in our Annual
Report on Form 10-K for the year ended December 31, 2012 and Part II,
Item 1A of our Quarterly Reports on Form 10-Q for the quarters ended
March 31, 2013 and June 30, 2013, which have been filed with the
Securities and Exchange Commission, as well as any updates to those
risk factors filed from time to time. All information in this press
release is as of the date of the release and we undertake no duty to
update this information unless required by law.  
All trademarks and registered trademarks mentioned herein are the
property of their respective owners.  
Contact:
ChyronHego Investor Relations
Tel: (631) 845-2000, press 7
Email: IRelations@chyron.com
 
 
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