After just eight months on the top job, TiVo CEO Enrique Rodriguez said today he will step down to take the position of CTO at Liberty Global.
Liberty Global had been searching for a chief technology officer since October, when Balan Nair was named president and CEO of the company’s Latin American and Caribbean operation.
Rodriguez had previously served as executive VP and chief technical officer for AT&T’s Entertainment and Internet division. He has also worked in various engineering roles for SiriusXM, Microsoft and Cisco.
On an interim basis, Rodriguez will be replaced at TiVo by 69-year-old Raghu Rau, a TiVo board member and former CEO of SeaChange International.
“My personal decision to pursue another opportunity was not easy,” Rodriguez said in a statement. “I couldn’t be more excited about what lies ahead for TiVo as I expect our performance through the second quarter of 2018, including our announced profit improvement actions, to be ahead of our internal plan.”
TiVo said it has already started a search for a permanent replacement and that it will announce “a broad range of strategic alternatives to maximize the value of the company for TiVo shareholders” during the company’s next earnings call.
“We are fortunate to have a world-class leadership team in place and are pleased to have someone of Raghu's caliber step in to lead the company," James Meyer, chairman of TiVo’s board, said in a statement.
Rodriguez was tapped last year to oversee a TiVo company focused on software and tech licensing, following the $1.1 billion purchase of TiVo by Rovi Corp. in 2016.