Jeffrey Hinson has been elected to join the TiVo Board of Directors and will serve on the Audit Committee, in other words he will be looking at the finances of TiVo.Hinson has a strong background in managing the finance of big companies and has previously served as Executive Vice President and Chief Financial Officer of Univision Communications from March 2004 to June 2005.
I'm getting the impression that TiVo is a little worried about its financial position since it is not yet making a profit. Over the past 6 months TiVo has seen a gradual and consistent drop in its share price.
It is likely that the addition of Jeffrey Hinson may cause some sort of shakeup in terms of how the company aims to produce a profit, possibly resulting in changes in price plans, amount of advertising and licensing deals.
