Louisville, Colo. - Paul Liao, CableLabs president and CEO and one-time chief technology officer for Panasonic North America, notified the
' executive committee that he will not look to renew his contract as the organization's CEO when the contract expires this December.
An announcement on the decision Friday cited only "personal reasons" for the decision.
The executive committee agreed to execute a succession plan and begin the search for a new CEO immediately to ensure a smooth transition prior to Liao's departure.
Liao will continue as CableLabs president and CEO during the transition.
"Although Paul has been with CableLabs for a relatively short period of time, his contributions have been great and include establishing new programs that are helping the industry grow its broadband and commercial businesses, as well as drive cable's ability to provide services to smart CE devices using IP technology," said Glenn Britt, Time Warner Cable chairman and CEO and chairman of the CableLabs board. "CableLabs continues to provide the technical expertise and support necessary to enable industry growth at a time of rapidly changing technology. Building on its past accomplishments, CableLabs will continue to play this critical role in our industry's current and future success."
"I've felt truly honored to be working with a tremendous group of people, both at CableLabs and throughout the cable industry. With new technologies emerging every day, it is an extremely exciting time for the cable industry and specifically for CableLabs. I remain fully committed to the team at CableLabs and will support the efforts of the Board in its search for my successor," said Liao in a statement.
Liao was announced as the successor of Richard Green, who had been CableLabs' president and CEO since its inception in 1988, in June of 2009. He officially started the job in January 2010.
In his 13-year role with Panasonic, Liao had worked closely with CableLabs in implementing new cable technologies such as CableCARDs (which evolved into Tru2way) into TV sets and set-top devices. He had recovered from a serious illness prior to his transition to the CableLabs CEO role.
CableLabs is a non-profit research and development consortium that works with cable telecommunications technologies to help cable operator members integrate new technical advancements into their business objectives.