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Tom Rogers To Relinquish Ceo Position At Tivo; WILL BECOME CHAIRMAN OF THE BOARD

The following excerpt is from the company's SEC filing.

– TiVo Inc. (NASDAQ: TIVO), a global leader in the advanced television entertainment market, today announced that Tom Rogers will relinquish his CEO position after nearly 11 years on January 31, 2016, the end of the company’s fiscal year. Mr. Rogers will continue with TiVo as non-executive Chairman of the Board of Directors as of February 1, 2016. TiVo’s Board of Directors has formed a search committee to identify the best internal or external candidate to lead the company.

Board member Dan Moloney has been named lead independent director. Mr. Moloney is the former president of Motorola Mobility, Inc., a leading provider of innovative technologies, products and services for the mobile and cable/wireline industries that was acquired by Google Inc. 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 Mr. 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...


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