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DAVID H. COURTNEY, TIVO'S GROUP EXECUTIVE FOR CORPORATE PRODUCTS & SERVICES AND CHIEF FINANCIAL OFFICER, ANNOUNCES INTENTION TO RESIGN FROM COMPANY IN EARLY 2006
Courtney to continue in transition role through April 15, 2006
09-30-2005
TiVo Inc. (NASDAQ: TIVO ), the creator of and a leader in television services for digital video recorders (DVRs), today reported that David H. Courtney has announced his intention to resign from his management roles at the company, effective in early 2006. He will continue at the Company in a transition role through April 15, 2006 as TiVo seeks to identify and recruit replacements for his various executive roles.
Courtney joined TiVo in early 1999 as CFO and held various operating and administrative positions during his tenure at the company. "During my more than 6 ½ years at TiVo, I've seen the Company emerge as a true leader in both pioneering new technology for the television industry and offering TV viewers what they really want," said Courtney. "I have thoroughly enjoyed my involvement with the company as both a senior executive and as a Board member. I am proud to have played a senior leadership role in creating key strategic and commercial relationships, in overseeing the Company's financial growth, and in building the infrastructure to support the Company's burgeoning activities. In light of the Company's recent accelerated achievement of its profitability target, its very strong financial position, and the successful transition in CEO leadership, I feel that this is the right time for me to turn my attention to new and different pursuits."
Speaking on behalf of both management and the Board of Directors, Tom Rogers, TiVo's President and Chief Executive Officer, commented that "during my 2 years of involvement with TiVo as a Board member and more recently as CEO I have appreciated the business insight, financial acumen, and operational rigor that Dave has brought to TiVo. He has helped lead TiVo through a period of dramatic growth and has laid the organizational and operating foundation for much of our future business success. I wish him well, and I know that he will be a strong contributor wherever he chooses to go."
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All statements contained are not verified for their accuracy. The statements may or may not be true and therefore are not to be relied on.
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