Mood Media Corporation (TSE:MM) is pleased to announce that Steve Richards, President and Chief Executive Officer, has received the esteemed Alumni Fellow Award from The Pennsylvania State University, the highest and most prestigious honor bestowed by the Penn State Alumni Association. Since 1973, the Alumni Fellow Award has been presented to select Penn State graduates that are nominated by an academic college and accept an invitation from the President of the University to return to campus. Recipients are regarded as leaders in their professional fields and the award provides an opportunity to share their expertise with students, faculty and administrators. Richards was honored on Oct. 21.
Richards is recognized as a business transformation expert, known for achieving swift operational and financial turnarounds, marked by record corporate revenue and profitability growth. Richards began his career in 1984 at AT&T and has held previous senior executive positions at Excel Communications and RMH Teleservices. For the past 11 years, Richards has led firms across multiple industries, serving as the President or CEO of Transworld Systems Inc., PRC LLC and Muzak LLC. In each case, Richards delivered rapid top and bottom line result enhancements for these entities.
Currently, Richards is the President and CEO of Mood Media Corporation, the global leader of in-store experience design, with Mood solutions deployed in more than 500,000 retail locations around the world. At Mood, he is executing a comprehensive, global transformation of the business, including growth and operational efficiency strategies, coupled with initiatives to advance product innovation, enhance client service delivery, and increase investor returns.
“It’s an absolute honor to be recognized this year alongside 18 highly distinguished Penn State alumni,” Richards said. “It has been a delight returning to the Penn State campuses that helped shaped me with the education, values and discipline that benefit me as a business professional today.”
In addition to his Bachelor of Science – Business degree from Penn State, Richards completed executive education programs at Penn State, Duke University and the University of Virginia.