TiVo president Marty Yudkovitz has resigned as president. The announcement came just weeks after CEO and founder Mike Ramsay said that he would be stepping down as well.
Yudkovitz, a former NBC executive, had joined TiVo in May 2003. He said he was leaving for personal reasons, but will remain on as a consultant for a period of time, TiVo said. No replacement has been named.
Yudkovitz said that as the demands of his role grew he had to spend even more time on both the west and east coasts requiring a heavy commute. His resignation was effective Jan. 31.
“I’ve chosen instead to find the most logical time to resign as president and re-acquaint myself with my wife and kids,” Yudkovitz said in a statement.
The Alviso, CA-based company was founded in 1997 by Ramsay and Jim Barton, the company’s chief technology officer. Ramsay will remain as chairman of the board and has agreed to stay on until a CEO successor has been found. He announced his resignation Jan. 12.
TiVo’s showcase component has created a venue for advertisers to show off branded long-and short-form video content, which can also include interactive and direct-response mechanisms.
TiVo, a pioneer in creating television services for digital video recorders, is under siege from stiffening competition, including cable and satellite operators, who are introducing DVR features in set-top-boxes. The technology is also being built into media-oriented computers and TVs. As of Oct. 31, 2004, the company reported more than 2.3 million subscribers to its service.
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