TiVo President and CEO to Retire
May 24 2017 - 4:15PM
Business Wire
Board’s Corporate Governance and Nominating
Committee leading the search for new Chief Executive Officer
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.
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TiVo CorporationPeter Halt, +1 818-295-6800CFO
TiVo (NASDAQ:TIVO)
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