TiVo CEO Tom Rogers (photo: Rudy Zijlstra)
Tom Rogers is to relinquish his position as CEO of TiVo after 11 years at the helm.
The former NBC executive will continue as the non-executive chairman of TiVo’s board of directors. The change will take place as of February 1, 2016.
In the meantime board member Dan Moloney has been named lead independent director. Moloney is the former president of Motorola Mobility before its acquisition by Google in 2011.
“TiVo is a great company today – and I have thoroughly enjoyed the challenge of turning it around and building it from its DVR roots into the leader in providing next-generation TV in the United States and around the world,” said Rogers. “With the recent successful launch of one of the best reviewed retail television products ever, the new TiVo Bolt, and notable progress in our other core businesses, the Board and I agreed that this was an opportune time to seamlessly transition to a new leadership team.”
Rogers said he would welcome a reduction in his “bicoastal travel”.
Thanking him for his contribution, Moloney said Rogers efforts were not fully reflected in the company’s share price.
