Roku Announces Scott Rosenberg to Step Down as SVP and GM of Platform Business

Rhea-AI Summary

Roku, Inc. (NASDAQ: ROKU) announced that Scott Rosenberg, Senior VP and General Manager of Platform Business, will step down in spring 2022 after nine years with the company. Rosenberg, who played a significant role in Roku’s IPO and the growth of its Platform Business, will assist in the recruitment of his successor. CEO Anthony Wood supports Rosenberg's decision, emphasizing the company's focus on its streaming platform. This leadership change comes amid ongoing developments within the organization.

Positive

• Scott Rosenberg has committed to assisting with the transition and recruiting a successor, indicating a focus on stability.
• Rosenberg's leadership contributed significantly to the growth of Roku’s Platform Business.

Negative

• Leadership change may introduce uncertainty within the organization.
• Roku must ensure a smooth transition to avoid disruptions in business.

Rosenberg is committed to ensuring a smooth transition and assisting with the recruitment process, which is underway

SAN JOSE, Calif.--(BUSINESS WIRE)-- Roku, Inc. (NASDAQ: ROKU) announced today that Scott Rosenberg, Senior Vice President and General Manager of Platform Business, plans to step down sometime in the spring of 2022. Rosenberg joined Roku in 2012 as Vice President, Advertising, and Business Development. In 2017 he was named SVP and GM of Roku’s Platform Business, overseeing both advertising and content and services. Rosenberg played an important role in the company’s IPO, and leading and growing the successful Platform Business.

Rosenberg will continue to lead his teams until his departure. He is committed to ensuring a smooth transition and assisting with the recruitment process, which is underway.

“While Scott remains deeply invested in the company’s success, he’s ready for his next professional challenge and believes this is the right timeframe for him to make a change. I respect and fully support his decision,” said Anthony Wood, Roku Founder and Chief Executive Officer. “I look forward to working with Scott to ensure a smooth transition, while maintaining our relentless focus on building the best TV streaming platform.”

Said Rosenberg: “Working at Roku these last nine years has been the most rewarding time of my career, without a close second. Deciding to leave was difficult, but made possible by my belief in the incredible bench strength of the Platform team and the company as a whole.”

About Roku, Inc.

Roku pioneered streaming to the TV. We connect users to the streaming content they love, enable content publishers to build and monetize large audiences, and provide advertisers with unique capabilities to engage consumers. Roku streaming players and TV-related audio devices are available in the U.S. and in select countries through direct retail sales and licensing arrangements with service operators. Roku TV™ models are available in the U.S. and in select countries through licensing arrangements with TV OEM brands. Roku is headquartered in San Jose, Calif. U.S.A.

This press release contains “forward-looking” statements that are based on our beliefs and assumptions and on information currently available to us on the date of this press release.

Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. Except as required by law, we assume no obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in the forward-looking statements, even if new information becomes available in the future. Important factors that could cause our actual results to differ materially are detailed from time to time in the reports Roku, Inc. files with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2020, and our Quarterly Report on Form 10-Q for the quarter ended September 30, 2021. Copies of reports filed with the SEC are posted on Roku’s website and are available from Roku without charge.

Roku and Roku TV are registered trademarks of Roku, Inc. in the U.S. and in other countries. Trade names, trademarks and service marks of other companies appearing in this press release are the property of their respective holders.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220107005111/en/

Media

Kelli Raftery

kraftery@roku.com

Investor Relations

Conrad Grodd

cgrodd@roku.com

Source: Roku, Inc.

FAQ

Who is stepping down at Roku in 2022?

Scott Rosenberg, Senior VP and General Manager of Platform Business, plans to step down in spring 2022.

What role did Scott Rosenberg play at Roku?

Scott Rosenberg played a significant role in Roku's IPO and led the growth of the Platform Business.

Why is Scott Rosenberg leaving Roku?

Scott Rosenberg is ready for his next professional challenge and believes it's the right time to make a change.

What impact might Scott Rosenberg's departure have on Roku?

Rosenberg's departure may introduce uncertainty and challenges in ensuring a smooth transition in leadership.

What is Roku's focus following Rosenberg's departure?

Roku will maintain its focus on building the best TV streaming platform as stated by CEO Anthony Wood.