March 31, 2009 (FinancialWire) -- Dolby Laboratories, Inc. (NYSE: DLB) has appointed Michael Novelly as interim chief financial officer. Novelly stepped into the role at the same time that Dolby's previous CFO, Kevin Yeaman, became Dolby's president and chief executive officer.

Novelly joined Dolby as vice president of financial planning and analysis in 2008. Prior to Dolby, Novelly was served at Time Warner as VP and assistant controller. His background includes CFO positions with Red Herring Communications, Quokka Sports and PolyGram Television.

The company said it is currently conducting a search for a new CFO.

San Francisco-based Dolby Laboratories specializes audio and surround sound products.

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