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TiVo’s president and CEO is to retire from the company. 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.
Carson will stay on until a successor is appointed and will then serve the company in an advisory capacity to the Board, and new CEO, to ensure a smooth transition.
Carson’s departure comes as TiVo is hit with a lawsuit from Hulu, arguing that Hulu is not required to renew a three-year licensing agreement it had with TiVo.
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.”