TiVo CEO to Replace Himself

    January 12, 2005

CEO and co-founder of TiVo, Mike Ramsay has began looking for his own replacement as CEO, even though he will remain chairman.

Ramsay has been the company’s CEO from the beginning in 1997. He will remain CEO until a replacement is found.

“Founding TiVo with Jim Barton and growing the company into a major consumer brand has been the thrill of a lifetime,” noted Ramsay. “We have achieved a tremendous amount since we started the company. We have had a fundamental impact on television viewing and believe strongly that the company has huge upside potential, in a massive market, going forward. I believe it is a natural evolution of any company to have a transition of leadership as the company grows and matures. The time is right for me, personally and professionally, to bring in an outstanding Chief Executive Officer to lead the company so that I can focus on future strategy. I feel this is a great opportunity for the right person to run one of the industry’s most exciting companies, and I look forward to recruiting a new CEO who will help the company realize its full potential.”

Geoff Yang, Managing Director of Redpoint Ventures and a founding investor in TiVo, said on behalf of the Board of Directors, “Mike Ramsay has led TiVo to an exceptional level of technology innovation, business performance and consumer satisfaction. As Co-founder of TiVo, he has helped create a truly big idea and executed on its delivery into the market place with great skill. We plan to hire another exceptional leader in the months ahead.”

Howard Fischer Associates of Philadelphia, Silicon Valley and Boston have been selected by TiVo’s Board of Directors to conduct the search process.

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