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December 20, 2007

Changes Abound at Roo

Lots of executive changes at online video network Roo. The company announced today that KIT Capital and Roo have signed an Executive Management Agreement and JumpTV president and chief operating officer Kaleil Isaza Tuzman will take over as chairman and chief executive officer. Roo founder Robert Petty will keep his vice-chairman post on the company's board of directors.

Roo's board of directors also had some significant changes, as Simon Bax, Stephen Palley, Scott Ackerman and Doug Chertok have all resigned. Tuzman will have the option of naming four new members at a later date and subject to shareholder approval. Finally, ROO also announced it had let go of 21 percent of staff to be more "efficient."

Posted by MatthewNelson at December 20, 2007 1:11 AM

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