TiVo has appointed its CFO, Naveen Chopra, as its interim CEO, replacing Tom Rogers, who is stepping aside on Jan. 31 to assume the role of non-executive chairman.
Chopra has been with the DVR and TV user-interface maker since 2003, primarily serving as CFO, but also leading TiVo's corporate development and strategy initiatives. He held roles at Hewlett-Packard, Microsoft and Moxi Digital before joining TiVo.
"Naveen is the perfect choice to serve as interim CEO," said Rogers in a statement. "He and I have worked incredibly closely for the last 11 years, and he deserves tremendous credit for much of the progress TiVo has made in becoming the global leader in advanced television. I am enthusiastic about continuing to work with Naveen as we step into our new roles at TiVo."
Added Chopra: "Moving forward, we will be highly focused on product innovation, accelerating profitability, enhancing subscription growth, and securing new distribution agreements across an expanded geographic footprint -- in addition to safeguarding TiVo's invaluable intellectual property."
TiVo announced in November that Rogers would be stepping down as CEO after spending a transformative 11-year stint in the role. During that span, Rogers transitioned TiVo into being one of the cable industry's most powerful vendors, supplying most mid-sized operators in the U.S and beyond with advanced video technology.
TiVo also said that veteran financial executive Wendy Markus Webb has joined the company's board and its audit committee.
- read this TiVo press release
TiVo strikes deal with Comcast/NBCU to measure Summer Olympics audiences in 2016
TiVo's Rogers to step down as CEO, company begins search for new chief executive
CEO Rogers: TiVo getting around $2 per sub per month from North American cable subscribers