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TiVo President Yudkovitz Resigns

TiVo Inc. announced Tuesday that president Marty Yudkovitz has resigned.

The news comes less than one month after chairman and CEO Mike Ramsay said he would relinquish the CEO post until a successor is named and stay on as chairman.

Yudkovitz, who had been president at the digital-video-recorder manufacturer since May 2003, will remain with the company in a consulting capacity on certain continuing matters for a period of time, TiVo said.

“When I joined TiVo, I planned to move my family to California, but as the demands of my role grew, the need to spend even more time on both coasts grew, as well, requiring a heavy commute no matter where I lived," Yudkovitz said in a prepared statement.

"I've chosen instead to find the most logical time to resign as president and reacquaint myself with my wife and kids," he added.

Ramsay added, "I'm sorry to see Marty leave TiVo. Marty has achieved a tremendous amount in his time with the company, particularly with the television and advertising industries. Given how far we've come, we agreed that now seemed a good time if Marty wanted to transition out of his full-time role as president."