OpenTV board appoints Bennett as CEO
OpenTV’s board of directors announced today that Ben Bennett is the company’s new CEO. Bennett had been serving as acting CEO and chief operating officer since August of last year.
“Since his appointment as acting Chief Executive Officer, Ben has demonstrated strong leadership skills and has focused OpenTV on growing its core businesses of middleware and advanced advertising solutions and realigning its organization to achieve its goal of sustainable profitability,” said André Kudelski, executive chairman of OpenTV.
Last month, OpenTV reported improved numbers during its fourth-quarter and year-end earnings report yesterday. The company posted a profit of $11 million in the fourth quarter compared to a loss of $3.4 million in the same quarter a year ago. OpenTV had sales of $38.2 million in the fourth quarter compared to sales of $25.1 million in the fourth quarter of 2006.
In 2007, OpenTV reported a loss of $5.2 million, which was less than half of the loss of $10.6 million in 2006. OpenTV’s sales for the year were up from $95.2 million in 2006 to $110 million last year.
Bennett has been with OpenTV since March 2000. Prior to his appointment as acting CEO and COO, he served as managing director for OpenTV’s European Operations overseeing operations and relationships with European network operators, broadcasters, and set-top box and conditional access manufacturers.
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