Under this plan, Mr. Henderson will work side-by-side with Alexander Fernandes, Avigilon's Founder, Chief Executive Officer (CEO), and Chairman of the Board. Mr. Fernandes will continue to serve in his current capacity until Mr. Henderson's expected promotion to CEO in 2018, at which point Mr. Fernandes is expected to remain as Avigilon's Chairman of the Board.

"James has been instrumental to Avigilon's success over the past six years," said Mr. Fernandes. "This promotion is truly deserved, and I look forward to the contributions James will make in his new role."