Sony Pixel Power calrec Sony

TiVo Announces CEO Transition

06/07/2018

.bwalignc {text-align: center} TiVo Director Raghu Rau Appointed Interim President and Chief Executive Officer

Strategic Alternatives Review Continues, Expect To Provide Update By Q2 Earnings Call

SAN JOSE, Calif.--(BUSINESS WIRE)-- TiVo Corporation (NASDAQ: TIVO) announced today that Raghu Rau, a member of TiVo's Board of Directors, has been named interim President and Chief Executive Officer, effective immediately. The appointment follows Enrique Rodriguez's personal decision to resign from his role as TiVo's President, Chief Executive Officer and a member of the Board of Directors to assume a position as Chief Technology Officer at Liberty Global in Europe, one of TiVo's long-time global customers. Mr. Rodriguez will remain at TiVo in an advisory role to ensure a smooth transition. Mr. Rau will continue to serve on the Board of Directors.

The Board has commenced a comprehensive search process to identify and evaluate internal and external candidates to serve as a permanent Chief Executive Officer, with the assistance of a leading executive search firm.

On behalf of the Board, I want to thank Enrique for his leadership and we wish him the best in his next chapter, said James Meyer, Chairman of TiVo's Board of Directors. We are fortunate to have a world-class leadership team in place and are pleased to have someone of Raghu's caliber step in to lead the Company. He has been a member of the TiVo Board of Directors since 2015 and is a proven leader with extensive experience in the video industry and in the management of intellectual property. I am confident that Raghu, alongside the rest of the leadership team, will continue to drive the value that TiVo's innovative technology portfolio brings to the fast-growing and hyper-competitive entertainment industry.

Mr. Rau, said, This is an exciting time for TiVo and I am eager to jump in as interim President and Chief Executive Officer. I look forward to working closely with our outstanding management team as we continue to innovate, profitably grow our customer base in key market segments, and expand our international presence. I also look forward to working with the Special Committee of the Board to bring our strategic alternatives process to a successful, value creating solution for our shareholders.

Mr. Rodriguez commented, My personal decision to pursue another opportunity was not easy. I couldn't be more excited about what lies ahead for TiVo as I expect our performance through the second quarter of 2018, including our announced profit improvement actions, to be ahead of our internal plan. I am looking forward to continue my relationship with TiVo in my new role as a customer and partner. Until then, I am committed to working with the TiVo team to ensure a seamless transition.

As previously announced, the TiVo Board continues to explore a broad range of strategic alternatives to maximize the value of the Company for TiVo shareholders. With its independent financial and legal advisors, TiVo is carefully considering a full range of options focused on delivering shareholder value. The Company expects to provide an update on this review by the Company's second quarter 2018 earnings call.

About Raghu Rau

Raghavendra Rau, age 69, has served as a director of the Company since 2015. Prior to joining the Board, Mr. Rau served as Chief Executive Officer of SeaChange International Inc., a video software technology company, from November 2011 to October 2014 and was a member of its board from July 2010 until October 2014. Prior to his work at SeaChange International, Mr. Rau held a number of senior leadership positions with Motorola Inc. from 1992 to 2008, including Senior Vice President of Strategy and Business Development of the Networks & Enterprise business, Senior Vice President of the Mobile TV Solutions business, and Corporate Vice President of Marketing and Professional Services. Mr. Rau holds a bachelors degree in engineering from the National Institute of Technology (India) and an MBA from the Indian Institute of Management (Ahmedabad). Since March 2017, Mr. Rau has served on the board of Quantum Corporation, a scale-out tiered storage, archive and data protection company, and has served as the Chairman of Quantum's board since August 2017. He previously served on the board of Aviat Networks, a wireless networking company, from November 2010 to January 2015.

About TiVo

TiVo Corporation (NASDAQ: TIVO) is a global leader in entertainment technology and audience insights. From the interactive program guide to the DVR, TiVo delivers innovative products and licensable technologies that revolutionize how people find content across a changing media landscape. TiVo enables the world's leading media and entertainment providers to deliver the ultimate entertainment experience. Explore the next generation of entertainment at tivo.com or follow us on Twitter @tivo or @tivoforbusiness.

Caution Concerning Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to, among other things, the Companys future growth and success, international expansion, the Company's expected second quarter operating results, and the timing of results and announcement of the Company's strategic alternatives exploration. These forward-looking statements are based on TiVo's current expectations, estimates and projections about its business and industry, management's beliefs and certain assumptions made by the company, all of which are subject to change. Forward-looking statements generally can be identified by the use of forward-looking terminology such as, future , believe, expect, may, will, intend, estimate, continue, or similar expressions or the negative of those
LINK: http://ir.tivo.com/file/Index?KeyFile=394126208...
See more stories from tivo

More from TiVo

04/12/2018

TiVo Renews Patent License Agreement with Samsung for Smartphones and Tablets

.bwalignc {text-align: center} SAN JOSE, Calif.--(BUSINESS WIRE)-- TiVo Corporation (NASDAQ: TIVO), a global leader in entertainment technology and audience in...

06/11/2018

TiVo Renews Personalized Content Discovery Platform Agreement with Foxtel

.bwalignc {text-align: center} TiVo's Advanced Search and Recommendation Solution Powers Leading Australian Subscription TV Operator's Services, Enabli...

18/10/2018

TiVo Corporation Announces 2018 Q3 Results and Conference Call Scheduled for November 7, 2018

.bwalignc {text-align: center} SAN JOSE, Calif.--(BUSINESS WIRE)-- TiVo Corpora...

28/09/2018

Cut the Cord and Enjoy Flexibility with the All-New TiVo BOLT OTA for Antenna

.bwalignc {text-align: center} By using an antenna instead of subscribing to cable, viewers can enjoy the highest quality HDTV programming while saving more th...

14/09/2018

Optiva Media Selects TiVo to Provide Metadata

.bwalignc {text-align: center} With TiVo, Optiva Media is able to Enhance Linear TV and VOD Services to its Customers AMSTERDAM--(BUSINESS WIRE)-- TiVo Corpo...

14/09/2018

TiVo Deploys Personalized Content Discovery Platform in Sweden

.bwalignc {text-align: center} TiVo will Provide Com Hem Subscribers with Personalized Search and Recommendations, Making it Easy to Find the Entertainment Con...

12/09/2018

TiVo Announces New Language Support for TiVo Conversation and Extends Collaboration with ruwido

.bwalignc {text-align: center} AMSTERDAM--(BUSINESS WIRE)-- IBC - TiVo Corporat...

24/08/2018

TiVo to Present on Machine-Learning in Search and Recommendation at IBC 2018

.bwalignc {text-align: center} .bwlistitemmargb {margin-bottom: 10.0px} Peer-reviewed Technical Paper Will Show Attendees How Structured Data Drives Search, Re...

13/08/2018

TiVo Renews Multi-Year Intellectual Property License with Altice Portugal

.bwalignc {text-align: center} Agreement sees TiVo continue to strengthen its European IP customer base LONDON--(BUSINESS WIRE)-- TiVo Corporation (NASDAQ: T...

18/07/2018

TDS Telecom Selects TiVo's Next-Gen Platform to Bring Cutting-Edge Innovation to Subscribers

.bwalignc {text-align: center} .bwuline {text-decoration: underline} Plans to D...

17/07/2018

TiVo Corporation Announces 2018 Q2 Results and Conference Call Scheduled for August 8, 2018

.bwalignc {text-align: center} SAN JOSE, Calif.--(BUSINESS WIRE)-- TiVo Corpora...

06/07/2018

TiVo Announces CEO Transition

.bwalignc {text-align: center} TiVo Director Raghu Rau Appointed Interim President and Chief Executive Officer Strategic Alternatives Review Continues, Expec...

16/05/2018

TiVo Enters Long-term IP License with Fnac Darty Group

.bwalignc {text-align: center} LONDON--(BUSINESS WIRE)-- TiVo Corporation (NASDAQ: TIVO), a global leader in entertainment technology and audience insights, to...

03/05/2018

TiVo Renews Intellectual Property License Agreement With VIZIO

.bwalignc {text-align: center} SAN JOSE, Calif.--(BUSINESS WIRE)-- TiVo Corporation (NASDAQ: TIVO), a global leader in entertainment technology and audience in...

25/04/2018

TiVo Enters Intellectual Property License Agreement with Telstra

.bwalignc {text-align: center} SAN JOSE, Calif.--(BUSINESS WIRE)-- TiVo Corporation (NASDAQ: TIVO), a global leader in entertainment technology and audience in...

19/04/2018

TiVo Corporation Announces 2018 Q1 Results and Conference Call Scheduled for May 10, 2018

.bwalignc {text-align: center} SAN JOSE, Calif.--(BUSINESS WIRE)-- TiVo Corpora...

11/04/2018

Mediacom Communications Extends Licensing Agreement With TiVo to Transform TV Viewing for Customers

.bwalignc {text-align: center} SAN JOSE, Calif.--(BUSINESS WIRE)-- TiVo Corpora...

03/04/2018

TiVo Signs Long-Term Intellectual Property License With Starz Entertainment, LLC

.bwalignc {text-align: center} SAN JOSE, Calif.--(BUSINESS WIRE)-- TiVo Corporation (NASDAQ: TIVO), a global leader in entertainment technology and audience in...

28/03/2018

TiVo and Tru Optik Ink New Deal to Make Linear TV Viewership Data Available for OTT Targeting

.bwalignc {text-align: center} .bwuline {text-decoration: underline} Linear TV ...

15/03/2018

TiVo Renews Intellectual Property License Deal With Alticast

.bwalignc {text-align: center} Agreement Will Enable Alticast to Continue Delivering Innovative Content Discovery Solutions to Leading Pay-TV Providers in Kore...

07/03/2018

TiVo Music Metadata to Provide Select Artist Images to Google's Music Services

.bwalignc {text-align: center} SAN JOSE, Calif.--(BUSINESS WIRE)-- TiVo Corpora...

06/03/2018

Sharp and TiVo Extend Interactive Program Guide Deal to Power Content Discovery Across Entertainment Devices

.bwalignc {text-align: center} Sharp Also Signs License to TiVo's Global In...

14/02/2018

Service Electric Cablevision Selects TiVo's Next-Gen Platform to Provide Customers With the Ultimate Entertainment Experience

.bwalignc {text-align: center} Will Deploy QAM, Hybrid, IPTV Services Across Cl...

06/02/2018

TiVo Corporation Announces 2017 Q4 and Year-End Results and Conference Call Scheduled for February 27, 2018

.bwalignc {text-align: center} SAN JOSE, Calif.--(BUSINESS WIRE)-- TiVo Corpora...

19/01/2018

TiVo Signs Expanded Patent Agreement With Google to Include YouTube TV

.bwalignc {text-align: center} SAN JOSE, Calif.--(BUSINESS WIRE)-- TiVo Corporation (NASDAQ: TIVO), a global leader in entertainment technology and audience in...

12/01/2018

TiVo Corporation Announces Additional Patent Litigation Against Comcast

.bwalignc {text-align: center} Previous ITC Ruling Found Comcast Violated Rovi Patents, Already Causing Comcast X1 Customers to Lose Popular Remote DVR Recordi...

09/01/2018

Hooked on Entertainment: TiVo Survey Reveals Consumers Worldwide Are Spending 20 Percent of Daily Life Devouring Video

.bwalignc {text-align: center} .bwuline {text-decoration: underline} TiVo's...

05/01/2018

TiVo Introduces Next-Gen Platform, a Game-Changing TV Solution

.bwalignc {text-align: center} Cloud-powered, Device-agnostic, Flexible Platform Enables Operators to Better Adapt to Evolving Needs of Their Customers SAN J...

20/12/2017

TiVo Announces Multi-year Agreement with Altice USA

.bwalignc {text-align: center} SAN JOSE, Calif.--(BUSINESS WIRE)-- TiVo Corporation (NASDAQ: TIVO), a global leader in entertainment technology and audience in...

22/11/2017

TiVo Corporation to Present at Upcoming Investor Conferences

.bwalignc {text-align: center} .bwalignl {text-align: left} .bwpadl0 {padding-left: 0.0px} .bwtablemarginb {margin-bottom: 10.0px} .bwuline {text-decoration: un...

13/11/2017

TiVo Names Enrique Rodriguez as New President and CEO

.bwalignc {text-align: center} Rodriguez Brings Significant Executive and Operational Leadership to TiVo SAN JOSE, Calif.--(BUSINESS WIRE)-- TiVo Corporation...

02/11/2017

Millicom Deploys TiVo's Next-Generation User Experience Platform in Colombia, with Plans to Expand Across Latin America

.bwalignc {text-align: center} TiVo Solutions Extends the Ultimate Entertainmen...

02/11/2017

TiVo and Discovery Communications Sign Multi-Year Product Agreement

.bwalignc {text-align: center} .bwuline {text-decoration: underline} SAN JOSE, Calif.--(BUSINESS WIRE)-- TiVo Corporation (NASDAQ: TIVO), a global leader in en...

31/10/2017

TiVo Renews Multi-Year Product and Intellectual Property License with J:COM

.bwalignc {text-align: center} Agreement Enables J:COM to Deliver TiVo's Innovative Content Discovery Solutions to Over-the-Top Subscribers SAN JOSE, Cal...

26/10/2017

TiVo Renews Product and IP Agreements with Liberty Global

.bwalignc {text-align: center} SAN JOSE, Calif.--(BUSINESS WIRE)-- TiVo Corporation (NASDAQ: TIVO), a global leader in entertainment technology and audience in...

25/10/2017

Say Hello to the All-New TiVo BOLT VOX

.bwalignc {text-align: center} TiVo Unveils VOX Lineup with Voice-powered Next Generation TiVo Experience SAN JOSE, Calif.--(BUSINESS WIRE)-- TiVo Corporatio...

19/10/2017

TiVo Corporation Announces 2017 Q3 Results and Conference Call Scheduled for November 2, 2017

.bwalignc {text-align: center} SAN CARLOS, Calif.--(BUSINESS WIRE)-- TiVo Corpo...

18/10/2017

TiVo Brings Powerful Music Metadata to BuzzAngle Music

.bwalignc {text-align: center} TiVo's Music Metadata Generates Stronger Data Analytics for BuzzAngle Music SAN JOSE, Calif.--(BUSINESS WIRE)-- TiVo Corpo...

12/10/2017

Marc Ehrlich Joins TiVo as Senior Vice President of Patent Strategy

.bwalignc {text-align: center} SAN JOSE, Calif.--(BUSINESS WIRE)-- TiVo Corporation (NASDAQ: TIVO), the global leader in entertainment technology and audience ...

02/10/2017

TiVo Renews Multi-Year Intellectual Property License Deal with Sony

.bwalignc {text-align: center} SAN JOSE, Calif.--(BUSINESS WIRE)-- TiVo Corporation (NASDAQ: TIVO), a global leader in entertainment technology and audience in...

27/09/2017

AT&T Extends Intellectual Property License with TiVo Through 2025

.bwalignc {text-align: center} SAN JOSE, Calif.--(BUSINESS WIRE)-- TiVo Corporation (NASDAQ: TIVO), a global leader in entertainment technology and audience in...

18/09/2017

TiVo's Cubi Solutions Pre-Integrates with New Conax Arena Multiscreen Hub

.bwalignc {text-align: center} AMSTERDAM--(BUSINESS WIRE)-- (IBC 2017) - TiVo Corporation (NASDAQ: TIVO), a global leader in entertainment technology and audie...

13/09/2017

Mind the Gap: TiVo Survey Sheds Light on Differences Between Loyal Pay-TV Subscribers and OTT Cord Cutters

.bwalignc {text-align: center} .bwlistitemmargb {margin-bottom: 10.0px} TiVo...

02/08/2017

Service Electric Cable TV Selects TiVo to Bring the Ultimate Personalized Entertainment Experience to its Subscribers

.bwalignc {text-align: center} SAN JOSE, Calif. & BETHLEHEM, Pa.--(BUSINESS WIR...

31/07/2017

DISH Selects TiVo Metadata

.bwalignc {text-align: center} Leading Pay-TV Provider Deploys Rich Metadata Across Multiple Product Platforms to Enable Seamless Entertainment Discovery SAN...

27/07/2017

TiVo Expands Intellectual Property Licensing Deal With TCL Into North America

.bwalignc {text-align: center} SAN JOSE, Calif.--(BUSINESS WIRE)-- TiVo Corporation (NASDAQ: TIVO), a global leader in entertainment technology and audience in...

25/07/2017

TiVo Introduces the Industry's Most Comprehensive Personalized Content Discovery Platform With Voice Search for Video Entertainment

.bwalignc {text-align: center} New Personalized Content Discovery Platform for ...

21/07/2017

TiVo Corporation Announces 2017 Q2 Results and Conference Call Scheduled for August 3, 2017

.bwalignc {text-align: center} SAN CARLOS, Calif.--(BUSINESS WIRE)-- TiVo Corpo...

10/07/2017

TiVo Renews Long-term Intellectual Property License with Foxtel

.bwalignc {text-align: center} Agreement Enables Foxtel to Continue to Deliver the Ultimate Entertainment Discovery Experience to Subscribers in Australia SA...

15/06/2017

TiVo Corporation Announces 2017 Q1 Results and Conference Call Scheduled for May 3, 2017

.bwalignc {text-align: center} SAN CARLOS, Calif.--(BUSINESS WIRE)-- TiVo Corpo...