Rovi Taps SAP Exec For Board Seat

Appoints Steven Lucas Amid Investor Pressure
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Rovi, the multiscreen video software, navigation and metadata company, has appointed SAP exec Steven Lucas to its board of directors, a move that expands the size of Rovi’s board from six to seven directors.

Lucas, whose appointment became effective on March 20, is a veteran of SAP who has served as the global president of SAP’s Platform Solutions unit since 2013. He is also late of Salesforce.com and Crystal Decisions, a reporting software company.

The appointment comes as Rovi finds itself in a proxy fight with Engaged Capital, an activist investor that is unhappy with Rovi’s performance and has nominated four board candidates of its own, including former SeaChange International CEO Raghavendra Rau. Rovi claims that Engaged Capital has denied its requests to interview its recommended nominees, and is attempting to seize control of Rovi without paying stockholders a control premium.

With respect to Lucas’s nomination, Rovi said its Corporate Governance and Nominating Committee “conducted an extensive search process with the assistance of Howard Fischer Associates, a leading professional search firm and identified, interviewed and evaluated a wide range of candidates.”

Lucas’s “expertise in analytics will be particularly valuable as Rovi continues to leverage our prominent guide footprint to help customers understand, analyze and monetize their cross-platform audiences,” Rovi chairman of the board Andrew  Ludwick said, in a statement. “Having thoroughly reviewed a broad range of highly qualified candidates and sought input from a number of our stockholders, the Committee enthusiastically recommended Steve’s appointment to the Board.”

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