News

Kanouff Leaves SeaChange

2/06/2012 12:01 AM Eastern

In the latest management shakeup
at SeaChange International, the company
announced the departure of its president,
Yvette Kanouff , and said it eliminated
her position as part of its ongoing
plan to cut costs.

Kanouff joined SeaChange
in 1997 and served in a variety
of roles at the video-ondemand
and advert ising
systems vendor, including
chief strategy officer and
then president.

“Over the past few months,
Yvette has been discussing
her desire to pursue
other interests and we support
that and wish her well,”
SeaChange interim CEO Raghu
Rau said in a statement. “We sincerely
thank Yvette for her years of dedication to
SeaChange, her technical knowledge, and
her contributions toward building the company’s
video-on-demand business.”

Kanouff, in a statement supplied by
SeaChange, said: “I’m proud that I played a
significant role in establishing SeaChange
as a leader in video-on-demand worldwide
and in transitioning from a hardware-centric
to a software-centric company. I think
SeaChange is well positioned for the future;
however, it is the right time for me to move
on, and I look forward to my next endeavor.”

According to SeaChange, she is bound by
a one-year noncompete agreement that bars
her from joining a rival company.

Kanouff was named president of
SeaChange in March 2010. In 2005, she was
elected the first woman chair
of the Society of Cable Telecommunications
Engineers.
Kanouff is a member of Multichannel
News
’ Wonder Women
class of 2001.

Prior to SeaChange,
Kanouff served as director
of interactive technologies
for Time Warner Cable and
worked as a signal-processing
mathematician at Lockheed
Martin.

SeaChange last week said
it cut an unspecified number
of jobs in its fiscal fourth quarter ended Jan.
31, which along with write-downs associated
with underutilized facilities that the company
intends to sell will save more than $5 million
per year.

In November, SeaChange founder, chairman
and CEO Bill Styslinger left the company
and Rau, a member of the board, assumed
CEO duties on an interim basis. Earlier this
month, SeaChange named Michael Bornak,
previously chief financial officer of Tollgrade,
as its CFO. He replaced Kevin Bisson,
who left the company to join Mercury Computer
Systems as CFO.

September