Dave Habiger

David Habiger (born February 19, 1969) is an American businessman and entrepreneur, currently serving as president and CEO of J.D. Power.

Dave Habiger

Biography

Early life

Habiger was born in Joliet, Illinois. His father is a mechanical engineer and entrepreneur. In the late 1970s, his mother was engaged in the computer revolution and introduced Dave to technology at an early age. He received a bachelor's degree from St. Norbert College and began producing documentaries after graduation.[1] In 1991 he founded Providence Productions, which focused on funding, producing, and distributing documentaries.[2][3] In 1997, he received his MBA from the University of Chicago.[4]

Career

He began working with the ex-Lucasfilm team and founding members of Sonic Solutions (NASDAQ: SNIC) in 1992, where he served as president and chief executive officer.[5] Under his leadership, Sonic became one of the largest global providers of premium movies and TV shows via the Web and CE devices. He emphasizes engineering excellence and empowering the engineers in an organization.[6] Since its IPO, the company generated over $1.5 billion in revenue in the digital media category and has been named one of Forbes, Fortune, and Businessweek’s Fastest Growing Companies on multiple occasions.[7][8] Habiger opened the NASDAQ market in 2008[9] and 2010.[10] In 2011 he sold Sonic to Rovi Corporation (NASDAQ: ROVI). He was appointed as NDS chief executive officer in July 2011.[11][12] Shortly after filing with the SEC for its NYSE-listed IPO, Habiger announced the sale of NDS to Cisco for $5 billion; the sale was closed in the second half of 2012.[13] Habiger is founder and partner at Silicon Media Partners.

Habiger has been involved in electric cars since the early 2000s, with ownership in several electric vehicle businesses. He was chairman for the Electric Vehicle Commission under Mayor Richard M. Daley's administration. He is a member of the Society of Automotive Engineers.

In 2011, he was named an Ernst & Young Entrepreneur of the Year.[14] In 2008, he was chosen as one of Corporate Leader Magazine's 40 under 40 business leaders[15] and regularly appears as an industry expert on major media outlets including: CNBC,[16] CNN,[17] USA Today,[18][19] Thestreet.com, and Bloomberg TV.[20][21] The Hollywood Reporter chose him as one of 2010s Digital Power 50.[22] Between March 2009 and March 2011 he oversaw a 2388% increase in Sonic's market capitalization as the company reinvented its core business, winning an Emmy Award for "technical contributions to the film and television industry."[23][24][25] He sold Sonic to Rovi Corporation (NASDAQ: ROVI) in early 2011 at a 66% premium – slightly under $1 billion after stock adjustments to the deal.[26][27] He is a member of the National Association of Corporate Directors, as well as a member of the Silicon Valley Leadership Group and for the Center for Corporate Innovation. Beginning in 2012, he also served as a board member and then as CEO of Textura Corp. (NYSE: TXTR) until its June 2016 sale to Oracle.[28]

He is a Member of the National Academy of Television Arts and Sciences and Society of Motion Picture & Television Engineers.[29]

He serves as a director on the Chicago Federal Reserve Board. He is on the SABOR (Systems Activities, Bank Operations, and Risk) Committee and the Governance & HR Committee for the Federal Reserve.[30]

He was named president and CEO of J.D. Power on March 21, 2018, with the objective of continuing to aggressively build and enhance the company's data and analytics and customer insights leadership.[31][32]

In 2019, he hosted a discussion with Apple co-founder Steve Wozniak at the Auto Revolution 2019 event, where Wozniak – an avid proponent for self-driving vehicles – explained that true "Level 5" autonomy, in which cars are completely self-driving, is still a long way from mainstream commercialization.[33][34][35]

Personal life

He holds dual citizenship in both the United States and the European Union, Ireland. He is married with two children. In 2016, Habiger delivered the commencement address at St. Norbert College.[36]

Philanthropy

Habiger sits on the advisory boards for the Heroic Imagination Project,[37] the University of Chicago, and the Network for Teaching Entrepreneurship, which provides entrepreneurial education to young people from low-income communities. He is a member of the board of trustees at Rush University Medical Center.[38]

References
  1. "Pushing On". Smart Business.
  2. "Conversations from St. Norbert College featuring David Habiger". St. Norbert College.
  3. "Speech at the Independent Film and Television Alliance".
  4. "Alumni Perspective on Software". Success: Stories from Chicago GSB Executive MBA Graduates.
  5. "Interview with the Sonic Solutions CEO". San Francisco Business Times Interview. April 22, 2007.
  6. "American Executive: Sonic Solutions".
  7. Murdock, Paul M.; Ray, John J. (February 12, 2007). "Ultrahigh Performance". Forbes Magazine February 12, 2007.
  8. "Sonic Solutions is Ready for Digital Movies to Heat Up". USA Today 9-2-09. September 2, 2009.
  9. "CEO Dave Habiger Sonic Solutions Open the NASDAQ". NASDAQ 6-5-09.
  10. "CEO Dave Habiger Sonic Solutions NASDAQ Open". NASDAQ 10-21-10.
  11. "Dave Habiger Appointed CEO of NDS Group Ltd". NDS Website. Archived from the original on August 10, 2011. Retrieved July 25, 2011.
  12. "Dave Habiger Appoint CEO of NDS Group Ltd". CNBC.
  13. "Cisco announces plans to buy NDS for $5 billion". ZDNet.
  14. "Dave Habiger NDS Group CEO and SNIC CEO, Ernst and Young Award". Sonic Youtube Channel.
  15. "40 CEOs Under 40". Corporate Leader Magazine.
  16. "Dave Habiger Sonic not Burgers". CNBC.
  17. "Dave Habiger CEO of Sonic on CNN Money". CNN.
  18. "Dave Habiger USA Today". USA Today. October 21, 2010.
  19. "Dave Habiger USA Today". USA Today. September 2, 2009.
  20. "40 under 40 on Bloomberg TV". Bloomberg News Evening Edition.
  21. "Dave Habiger Interview on Bloomberg". Bloomberg News.
  22. Wallenstein, Andrew (October 14, 2010). "THR's third annual list saluting innovators in media". The Hollywood Reporter Digital Power 50 for 2010.
  23. (PDF) http://www.emmyonline.org/tech/applications/engineering_award_winners_rev6.pdf. Missing or empty |title= (help)
  24. "Stocks That Surged Over 1000%".
  25. "Interview on NBC Press: Here". NBC News February 2011.
  26. "CES Mulling the Future of Digital Video". Forbes – Eric Savitz.
  27. Lee, Mark; Satariano, Adam (December 23, 2010). "Sonic Buys Rovi". Bloomberg News.
  28. Jamerson, Joshua; Greene, Jay (April 28, 2016). "Oracle to Buy Textura for $663 Million". The Wall Street Journal. ISSN 0099-9660. Retrieved August 7, 2016.
  29. "David C. Habiger: Executive Profile & Biography". Bloomberg L.P. Retrieved August 8, 2018.
  30. "David C. Habiger - Federal Reserve Bank of Chicago". www.chicagofed.org. Retrieved January 6, 2020.
  31. crescent.seward (March 20, 2018). "Dave Habiger Appointed President and CEO of J.D. Power". J.D. Power. Retrieved March 21, 2018.
  32. Jamie Butters (March 21, 2018). "New CEO Says His Job Is to Help J.D. Power Grow Faster". Bloomberg. Retrieved March 21, 2018.
  33. Power, J. D. (October 24, 2019), Steve Wozniak and Dave Habiger - Auto Rev 2019, retrieved December 9, 2019
  34. Eisenstein, Paul A. (October 24, 2019). "Apple co-founder Steve Wozniak says he's given up believing in self-driving cars in his lifetime". CNBC. Retrieved December 9, 2019.
  35. "Apple co-founder: 'I've really given up' on Level 5". Automotive News. October 28, 2019. Retrieved December 9, 2019.
  36. Commencement Speaker Dave Habiger '91 - St. Norbert College Commencement 2016, retrieved December 9, 2019
  37. "Heroic Imagination". Heroic Imagination website. Retrieved March 18, 2018.
  38. "Leadership." Rush Univ. Medical Center. Retrieved March 18, 2018.
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