TiVo has appointed Dave Shull, who was most recently CEO of The Weather Channel in the US, as its new Chief Executive Officer and a member of the Board of Directors.
Shull takes over form TiVo’s interim President and CEO, Raghu Rau, who took on the role in July 2018 after Liberty Global hired previous CEO Enrique Rodriguez to be its Chief Technology Officer.
With the appointment, Rau now becomes TiVo’s Vice Chairperson on the Board of Directors.
Shull has more than 15 years of senior leadership experience in the Pay TV, OTT and digital media fields, including 10 years in various executive roles at DISH Network/EchoStar.
He was at The Weather Channel From 2015 to 2018, where he overhauled the organisation, separating the company’s digital assets from its television and OTT products.
This resulted in the sale of The Weather Channel’s digital businesses to IBM in 2016, while the rest of company was sold to production and distribution company Entertainment Studios in 2018.
TiVo’s chairman of the Board of Directors, Jim Meyer, thanked Rau and said that Shull has “a strong track record of driving value creating strategic outcomes and operational transformations”.
“Dave knows our industry extremely well, having been a part of it in senior executive roles for over fifteen years. He also has significant M&A experience and is the right person to lead TiVo’s separation process, which we believe will result in significant value for our stockholders.”
Shull said: “I believe in the company’s strategic direction and my focus will be on driving the execution of that strategy on both the separation and potential transaction front.”
Rau added: “My role was always contemplated to be an interim step, and now is the right time to transition the leadership to someone who can lead the process for TiVo’s future.”
Shull’s hire comes after TiVo announced in May plans to separate its Product and IP Licensing businesses into two independent companies, following an extensive review of “strategic alternatives” for the firm.
TiVo intends to spin out its product business to shareholders. However, it said that the board will “continue to be open to strategic transactions for each business” throughout the separation process, and is “actively engaged in discussions with parties interested in each of the businesses”.