TelVue Corp., which helps spiff up public-access TV channels with flashier graphics and sells services that allow pay-per-view ordering, has a new president and chief executive.
Jesse Lerman, 36, was appointed to the post at the Mount Laurel company Tuesday, according to an SEC filing. He replaces Joseph M. Murphy, who resigned Dec. 19.
"Mr. Murphy's resignation is not due to any disagreement or dispute with TelVue," the company said in the filing.
TelVue, which has H.F. (Gerry) Lenfest as a majority stockholder, said that Murphy would receive $200,150 in severance pay, equal to his current yearly salary, and will be available for consultations with Lerman.
Lerman had been executive vice president and chief technical officer as well as executive vice president of engineering since March 12, 2007, when TelVue acquired Princeton Server Group Inc. Before the acquisition, Lerman had been CEO of Princeton Server, a digital video server company that he co-founded in 2003.
Shares have traded at $0.011 to $ 0.14 in the last 52 weeks, and were priced today at $0.025.