TiVo Announces Resignation of Marty Yudkovitz, President
TiVo Inc. (NASDAQ: TIVO), the creator of and a leader in television services for digital video recorders (DVRs), announced today that Marty Yudkovitz has resigned as president of the company. He will remain with TiVo in a consulting capacity on certain continuing matters for a period of time. Marty has been president of the company since May of 2003.
"When I joined TiVo I planned to move my family to California, but as the demands of my role grew, the need to spend even more time on both coasts grew as well, requiring a heavy commute no matter where I lived," Yudkovitz said. "I've chosen instead to find the most logical time to resign as president and re-acquaint myself with my wife and kids."
"I'm sorry to see Marty leave TiVo," stated Mike Ramsay, chairman and CEO of TiVo. "Marty has achieved a tremendous amount in his time with the company, particularly with the television and advertising industries. Given how far we've come, we agreed that now seemed a good time if Marty wanted to transition out of his full-time role as president."
Yudkovitz's resignation was effective Monday, January 31, 2005.
About TiVo Inc.
Founded in 1997, TiVo (NASDAQ: TIVO), a pioneer in home entertainment, created a brand new category of products with the development of the first digital video recorder (DVR). Today, the company continues to revolutionize the way consumers watch and access home entertainment by making TiVo the focal point of the digital living room, a center for sharing and experiencing television, music, photos and other content. TiVo connects consumers to the digital entertainment they want, where and when they want it. The company is based in Alviso, Calif.
