A day after announcing layoffs that helped it reduce costs by $5 million, video-on-demand vendor SeaChange International (Nasdaq: SEAC) said late Wednesday that president Yvette Kanouff had left the company.
"We felt like it warranted its own release," SeaChange VP of corporate communications Tammy Snook said when asked why the company decided to hold the announcement of Kanouff's departure until the day after it announced layoffs and facility closures.
"Over the past few months, Yvette has been discussing her desire to pursue other interests and we support that and wish her well," new SeaChange CEO Raghu Rau said in prepared statement.
Kanouff, who was director of interactive technologies at Time Warner Cable (NYSE: TWC) before joining SeaChange in 1997, is one of the top women technology executives in the cable industry. Last month, The Society of Cable Telecommunication Engineers announced that Kanouff would speak during a "fireside chat" session with Bright House Networks president Nomi Bergman on May 2 during a leadership program it is holding at Dartmouth College. The session is focused on helping increase the number of women in top engineering and operations positions at cable companies.
In a statement released by SeaChange, Kanouff said that she was proud of the work she did to grow the company's VoD business. "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," Kanouff said.
- see the news release
SCTE recruiting women cable engineers through Dartmouth program
SeaChange: Layoffs will save $5M annually
SeaChange stock slides on management change and reduced earnings estimates
SeaChange revenue drops in fiscal Q2, but VoD vendor wins deployments