TiVo Promotes CFO to Interim CEO

SAN JOSE -- TiVo Inc. (NASDAQ: TIVO), a leader in the advanced television entertainment market, today announced that its board of directors has named Naveen Chopra, the company's chief financial officer, interim chief executive officer, effective January 30, 2016. Mr. Chopra will succeed Tom Rogers, who, as previously announced by TiVo, will become non-executive chairman of the board.

In addition, the board announced that Wendy Markus Webb, a highly-respected executive with more than 30 years of experience in treasury, investment banking, investor relations and capital markets, has joined the board and the board's audit committee effective Monday, January 11, 2016.

Chopra Named Interim CEO

Mr. Chopra has been with TiVo since 2003, serving most recently as its chief financial officer while also leading the company's corporate development and strategy initiatives. Before joining TiVo, Chopra held a variety of business development and product marketing roles at HP, Microsoft, Moxi Digital, Ispiri and Ofoto.

Wendy Webb Appointed to the Board

Ms. Webb is chief executive officer of Kestrel Corporate Advisors, an advisory services firm counseling corporate and non-profit organizations on strategic business issues. She currently serves as independent director of ABM Industries, PetSmart Charities, Inc. and 9 Spokes. Her past experience includes 20 years with The Walt Disney Company, where she held various executive positions and was responsible for Disney's strategic and financial communications worldwide, as well as various positions with Tennenbaum Capital Partners, Ticketmaster Entertainment, Inc., PaineWebber Inc. and Lehman Brothers.

TiVo Inc. (Nasdaq: TIVO)