Board’s Corporate Governance and Nominating Committee leading the
search for new Chief Executive Officer
Company Website:
http://www.tivo.com
SAN CARLOS, Calif. -- (Business Wire)
TiVo Corporation (NASDAQ: TIVO), today announced that President and
Chief Executive Officer, Thomas Carson, informed the company’s Board of
Directors of his intention to retire from his current positions at TiVo
Corporation after more than 11 years with the Company and its
predecessors. Mr. Carson has served as the President and Chief Executive
Officer and a member of the Board of Directors of TiVo Corporation
(formerly Rovi Corporation) since December 2011.
In keeping with TiVo’s succession planning process, the Board’s
Corporate Governance and Nominating Committee is leading the search for
the company’s new Chief Executive Officer. The process is already
underway and the Board is considering both internal and external
candidates in its search. The Board has retained Spencer Stuart to
assist them in the search. Mr. Carson will remain in his current
capacity until a successor is appointed and will then serve in an
advisory capacity to the Board, and new CEO, to ensure a smooth
transition.
Chairman Jim Meyer commented, “Under Tom’s leadership the company has
undergone a significant transformation; shedding underperforming assets,
cutting cost, renewing major intellectual property licensing deals and
acquiring TiVo. I believe the company is well positioned for future
growth, profitability and improving shareholder value.”
About TiVo Corporation
TiVo (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, forward.tivo.com or follow us
on Twitter @tivo or @tivoforbusiness.
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, Tom Carson’s intent to retire and to
remain in his current capacity until a successor is appointed and then
in an advisory capacity to the Board. These forward-looking statements
are based on current expectations, which are subject to change.
Forward-looking statements generally can be identified by the use of
forward-looking terminology such as, "will," "intend," or similar
expressions or the negative of those terms or expressions. Such
statements involve risks and uncertainties, which could cause actual
results to vary materially from those expressed in or indicated by the
forward-looking statements. Factors that may cause actual results to
differ materially include Mr. Carson or TiVo’s changing the timing of
Mr. Carson’s retirement and/or role with TiVo. TiVo cautions you not to
place undue reliance on forward-looking statements, which reflect an
analysis only and speak only as of the date hereof. TiVo assumes no
obligation to update any forward-looking statements in order to reflect
events or circumstances that may arise after the date of this release,
except as required by law.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170524006225/en/
Contacts:
TiVo Corporation
Peter Halt, +1 818-295-6800
CFO
Source: TiVo Corporation
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