On Thursday, TiVo announced that Chief Financial Officer Anna Brunelle, a seven-year veteran of the company, has resigned and "will be leaving TiVo to pursue other opportunities" after an unspecified transition period.

Simultaneously with this announcement, the company announced that Senior Vice President of Corporate Development and Strategy Naveen Chopra has been promoted to take over as CFO. Also, Dan Phillips has been promoted to Chief Operating Officer, and Jeff Klugman to Executive Vice President for Products and Revenue.

Shares of TiVo are down 1.7%, at $12.44, on the news.

The article TiVo CFO Resigns, New CFO Promoted originally appeared on Fool.com.

Fool contributor Rich Smith has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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