NEW YORK--(BUSINESS WIRE)--Canoe Ventures, the advanced television joint venture of the nation's leading cable companies, announced that its Chief Executive Officer, David Verklin, will be leaving the company at the end of the summer. Canoe also announced the appointment of Kathy Timko, currently Canoe’s Chief Operating Officer, as interim CEO.
In announcing the management change and transition, Canoe’s board member and President and Chief Operating Officer of Time Warner Cable, Robert D. Marcus thanked Mr. Verklin for his leadership during Canoe’s start-up phase, “David’s passion for media and advertising is contagious. He and the team at Canoe have helped the industry to reach new levels of collaboration that support the growth of our business, the enhancement of services to our customers, and the advancement of new marketing solutions for television advertisers. The board remains committed to the significant business opportunities we are pursuing through Canoe. I speak for the entire board when I wish David well for the next phase of his distinguished career.”
Canoe’s board member and President of Comcast Cable, Neil Smit said, “Kathy’s experience managing and scaling high-tech organizations, including her track record driving marketplace adoption and creating new business revenue, positions her well for leading Canoe through the next phase of its development. The business skill Kathy has demonstrated at Canoe over the last two years has been pivotal in helping the industry’s national interactive television platform to surpass 20 million households and has led the company to its go-to-market phase. As Canoe expands its portfolio of ITV services and launches national dynamic ad insertion for Video On Demand, Kathy’s business acumen will be key to deeper penetration of Canoe’s solutions in the market.”
Ms. Timko joined Canoe as COO in 2009. She is an accomplished executive, having served in key management roles and board positions in both start-up and mature technology companies for the past 17 years. She has spent her career managing and scaling organizations, building products and infrastructure, and expanding businesses to meet market needs. One of her key areas of focus at Canoe will continue to be driving marketplace adoption through Canoe’s sales organization.
Canoe was founded in 2008 to help the cable industry collectively innovate advanced television services. Canoe is focused on expanding the unparalleled impact of television with more relevant and engaging experiences for viewers that also support more powerful and accountable solutions for advertisers.
About Canoe Ventures ™
Canoe Ventures is in the business of better television. Founded as a joint venture by the leading cable television operators in America, Canoe has created the largest national, interactive platform on television to help marketers, programmers, distributors and viewers extend the curiosity, interest, and desire that television creates into the next connected and measurable step – immediately, powerfully, and interactively. Canoe solutions are at work in more than 20 mm US households. Canoe is headquartered in New York, with advanced technology operations and collaborative labs in Colorado. canoeventures.com.