TiVo Founder Leaves Board


TiVo co-founder and former CEO Michael Ramsay has moved on according to the SEC paperwork filed yesterday:

On August 30, 2007, we accepted the resignation of Michael Ramsay as a member of our Board of Directors. Mr. Ramsay has been named to the post of Venture Partner at New Enterprises Associates, a leading Silicon Valley venture capital firm, which already has representation on the Company’s Board. Pursuant to our Transition and Consulting Agreement with Mr. Ramsay, effective August 30, 2007, he will continue to provide services to the Company as a consultant focused on technology and other issues. As we previously disclosed, we expect to incur approximately $3 million in non-cash stock-based compensation expense in connection with the agreement during our quarter ending October 31, 2007.

(via Mercury News)

4 thoughts on “TiVo Founder Leaves Board”

  1. I thought I should explain why I didn’t offer an opinion on his departure. People come and go from positions all the time and for all sorts of reasons (some of which may not be their own) – there’s really no way to tell what led to this move unless Ramsay or someone at TiVo elaborates. As far as what it means to TiVo leadership/guidance – at this point, I don’t see this having any visible impact. However, it’s still worth reporting given Ramsay’s roles as co-founder and former CEO.

Comments are closed.