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Rovi names SiriusXM CEO its new chairman; shares close up 4.4%

Jul. 08, 2015 4:06 PM ETRovi Corporation (ROVI) StockBy: Eric Jhonsa, SA News Editor
  • James E. Meyer, SiriusXM's CEO since 2012, has been named NASDAQ:ROVI's chairman. (Press Release)
  • In May, chairman Andrew Ludwick lost his board seat after activist Engaged Capital managed to get two of its nominated directors elected. CEO Tom Carson had been serving as chairman since.
  • Rovi rallied to $16.25 today. YTD, the program guide/content-protection IP provider remains down 28%.

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