By Adam L. Cataldo
D-BOX Technologies Chief Executive Sébastien Mailhot plans to leave the company later this month and will be succeeded on an interim basis by board member Naveen Prasad.
The Montreal-based company said Wednesday it had reached an agreement with Mailhot to step down effective at the close of business on June 10.
"This mutual decision allows for a smooth transition and positions the corporation to build on the financial progress achieved under Sébastien's leadership, as we look to further unlock D-BOX's potential," Board of Directors Chair Brigitte Bourque said.
The company said Prasad's appointment reinforces the board's commitment to focused execution. Prasad is co-founder of SoundIMAGE, an AI-powered localization company. He was president of VICE Media Canada and involved in building Elevation Pictures, an independent film distributor.
As part of its announcement of a leadership change, the company said that Lori Vaudry Tersigni had been appointed to the board as an independent director.
D-Box describes itself as a company focused on delivering immersive motion experiences for movie theaters, sim racing, gaming and simulation training.
Write to Adam Cataldo at adam.cataldo@wsj.com
(END) Dow Jones Newswires
June 04, 2025 18:49 ET (22:49 GMT)
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