TiVo president and CEO Thomas Carson has announced plans to retire, less than a year after Rovi Corporation closed its US$1.1 billion (€961 million) takeover of TiVo.
Carson’s retirement ends an 11-year career at TiVo and its predecessor companies – Rovi and Gemstar.
He became president and CEO of Rovi in December 2011 and retained the role after Rovi completed its acquisition of TiVo in September and adopted the latter’s brand.
He started his Rovi career as president of its Gemstar programming guide business. Rovi sold this asset in 2008, after which Carson became executive vice-president of sales and marketing, before taking the top job.
TiVo said that it has already started to search for a new CEO and the board is considering both internal and external candidates.
Carson is due remain in his current role until a successor is appointed and will then serve in an advisory capacity to the board, and new CEO, to ensure a smooth transition.
“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,” said chairman Jim Meyer.
“I believe the company is well positioned for future growth, profitability and improving shareholder value.”