Advanced Television

Tivo extends Rau’s interim CEO role

January 7, 2019

By Chris Forrester

TiVo is holding on to its temporary CEO, Raghu Rau, for the time being having failed to appoint a permanent replacement for Enrique Rodriguez who left last summer. Rodriguez departed to join Liberty Global as CTO.

Rau will hold on to his $750,000 salary as well as an additional stock award worth around $2 million.

TiVo in a statement say that the recruitment process for a new CEO is on hold.

Rau has agreed a restriction which forbids him from recruiting staff from TiVo for a year after his employment ends with TiVo.

There is still uncertainty over the next steps for TiVo, with a sale, taking the company private or some other options but the market expects news to emerge by its February results call.

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