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ViXS Has Temporary CEO Vacuum

ViXS Systems, the Toronto-based maker of video processing and MoCA chips, said its board announced that company COO and interim president and CEO Hugh Chow has left the company.

Chow was named interim CEO in February when past CEO and president and ViXS co-founder Sally Daub resigned.

ViXS didn’t give a reason for Chow’s departure, but said it “is not related in any way to the Company’s financial reporting or to its First Quarter Fiscal 2016 financial statements." 

ViXS is scheduled to report fiscal Q1 results on June 10.

"Coming off four consecutive quarters of revenue growth in Fiscal 2015 we see tremendous growth opportunities ahead, ViXS board chairman Peter Currie said in statement. “We have identified outstanding candidates for the CEO role and expect to make an announcement soon. The Board and senior management are working closely together in the meantime.”

Of recent note, ViXS won a deal to supply the network transcoder for the MS4000 Media Streamer , a stand-alone Slingbox from EchoStar tailored for the MVPD market that is being distributed exclusively by Arris.  Last year, ViXS and Entropic Communications (now part of MaxLinear) settled a patent fight that included cross-licensing deals for their respective intellectual property.