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Rovi Corp. Appoints Thomas Carson as President and Chief Executive Officer
GlobeNewswire 2011-12-15
SANTA CLARA, Calif., Dec. 15, 2011 (GLOBE NEWSWIRE) -- Rovi Corporation
(Nasdaq:ROVI) announced today the appointment of Thomas Carson as its
President and Chief Executive Officer effective immediately, succeeding
Alfred J. Amoroso, who has held the position since July 2005. Mr.
Carson has also been elected to the Rovi Board of Directors. Mr.
Amoroso will assist the Board and Mr. Carson during a transition
period, as announced in May 2011.
A photo accompanying this release is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=11247
Mr. Carson joined Rovi in May 2008, with the acquisition of Gemstar-TV
Guide International and most recently served as Executive Vice
President of Worldwide Sales and Marketing. From April 2006 to May
2008, Mr. Carson served in various capacities at Gemstar, including
President of the North American IPG business and President for North
American CE business. Prior to Gemstar, Mr. Carson held a variety of
executive positions at Thomson Corporation, including Executive Vice
President, Global Sales and Services. Mr. Carson holds a B.S. in
Business Administration as well as an MBA from Villanova University.
"The Board of Directors is confident that Tom Carson is the right
person to lead the Company," said Andy Ludwick, chairman of the Board
of Directors. "Our belief in Rovi's direction and strategy played a
significant role in our selection process. Rovi is fortunate to have
deep management strength and Tom has the skill-set and global expertise
essential to lead this outstanding group."
"Tom has been instrumental in expanding the Company globally,
especially in gaining traction with new solutions, which has led to our
great success," said Fred Amoroso. "Tom embodies key aspects of the
Rovi culture through his ability to foster effective teamwork, focus on
business execution and build customer relationships. I am excited about
the direction and future of Rovi, and watching the Company continue to
flourish under Tom's leadership."
"Rovi is a world-class company at the heart of digital entertainment
technology with tremendous assets, vision, employees and customers,"
said Tom Carson. "This is a market undergoing great transformation,
which has exposed multiple opportunities. I look forward to taking on
this new role, and moving the Company forward."
About Rovi Corporation
Rovi Corporation is focused on revolutionizing the digital
entertainment landscape by delivering solutions that enable consumers
to intuitively connect to new entertainment from many sources and
locations. The company also provides extensive entertainment discovery
solutions for television, movies, music and photos to its customers in
the consumer electronics, cable and satellite, entertainment and online
distribution markets. These solutions, complemented by industry leading
entertainment data, create the connections between people and
technology, and enable them to discover and manage entertainment in an
enjoyable form.
Rovi holds approximately 5,100 issued or pending patents worldwide and
is headquartered in Santa Clara, California, with numerous offices
across the United States and around the world including Japan,
Luxembourg, and the United Kingdom. More information about Rovi can be
found at www.rovicorp.com.
The Rovi Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6482
All statements contained herein, including the quotations attributed to
Messrs. Amoroso, Carson and Ludwick, that are not statements of
historical fact, including statements that use the words "will,"
"believes," "anticipates," "estimates," "expects," "intends" or
"looking to the future" or similar words that describe the Company's or
its management's future plans, objectives, or goals, are
"forward-looking statements" and are made pursuant to the Safe-Harbor
provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements include, but are not limited to, the
Company's estimates of future revenues and earnings, business
strategies, and future opportunities for product, market or customer
expansion.
Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that could cause the actual results of
the Company to be materially different from the historical results
and/or from any future results or outcomes expressed or implied by such
forward-looking statements. Such factors include, among others, the
Company's ability to successfully execute on its strategic plan and
customer demand for and industry acceptance of the Company's
technologies and integrated solutions. Such factors are further
addressed in the Company's Quarterly Report on Form 10-Q for the period
ended September 30, 2011 and such other documents as are filed with the
Securities and Exchange Commission from time to time (available at
www.sec.gov). The Company assumes no obligation, except as required by
law, to update any forward-looking statements in order to reflect
events or circumstances that may arise after the date of this release.
The photo is also available at Newscom, www.newscom.com, and via AP
PhotoExpress.
CONTACT: Investor Contact:
James Budge
Rovi Corporation
+1 (408) 562-8400
Media/Industry Analyst Relations Contacts:
Chris Taylor
Rovi Corporation
+1 (408) 562-3077
Chris.D.Taylor@rovicorp.com
Chris Fallon
Finn Partners for Rovi Corporation
+1 (917) 974-1667
chris@finnpartners.com
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