Tivo continues to play musical executives and announced yesterday that Steve Sordello, former Executive Vice President and CFO of Ask Jeeves Inc., would take the helm as Senior Vice President and CFO for Tivo effective August 21st of this year.
Steve Sordello is taking the place of Stuart West who is leaving the company to pursue other opportunities. Stuart West was the acting CFO for the last four months and replaced David Courtney back in April of this year who left the company to pursue other opportunities.
This happened right around the time Tivo announced that Brodie Keast, Executive Vice President & General Manager of the Consumer Division was also leaving the company. I wonder if he was pursuing other opportunities.
This was all preceded by former NBC executive, Tom Rogers, taking the place of co-founder, Mike Ramsay as CEO and President of Tivo. However, Mike Ramsay still sits on the board of directors.
I almost forgot. Before that, former CEO and President Marty Yudkovitz resigned in early 2005. Were you able to keep that convoluted series of events straight?
With all the management shifts occurring at Tivo the last couple of years, one could speculate that things may not be so rosy in the house that built PVR. One could also speculate that there is a business out there called "Other Opportunities Inc." that is wooing Tivo executives left and right with huge salaries.
In short, I have no idea what the heck is going on at the company, but if people keep jumping ship and my stock value keeps skipping all over the place I'm not going to be very happy shareholder. Here's to hoping everything is okay.
1. Amazingly (to me anyway), Sordello is only 35. I wonder if I'm in the wrong profession.
Posted at 6:48PM on Aug 10th 2006 by Dave Zatz