Canoe Ventures’ Chief Executive Officer David Verklin will be leaving the company at the end of the summer. Canoe has appointed 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 Marcus said in a statement, “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.”

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