1/23/01

Kate Chesley, University Communications
(650) 725-3697; kchesley@stanford.edu

Randall Livingston, OpenTV executive, named vice president and chief financial officer of Stanford University

Randall S. Livingston, executive vice president, chief financial officer and director of OpenTV, has been named vice president for business affairs and chief financial officer of Stanford University, President John Hennessy announced Tuesday, Jan. 23.

Livingston, who earned a bachelor's degree in engineering from Stanford in 1975 and a master's degree in business administration in 1979, will begin overseeing the university's financial and related business activities in March. In 2000-01, Stanford University is a $1.77 billion enterprise, with nearly 10,000 faculty and staff and more than 14,000 students.

OpenTV is the leading global interactive television software company, with its software deployed in more than 11 million homes around the world. Livingston oversees the financial and administrative functions for OpenTV. He led OpenTV through an initial public offering in 1999.

"In Randy Livingston, we have an exceptional combination of talent, business experience and deep ties to Stanford that makes him the perfect choice for this job," Hennessy said.

"Randy's career, from the time he graduated from Stanford's business school, has coincided with the dynamic growth of Silicon Valley and has encompassed just about every aspect of the high-tech industry. Furthermore, his familiarity with Stanford -- as a graduate and undergraduate, as a resident assistant at Branner Hall and teaching assistant -- provides him with an understanding of the university that we are certain will bring mutual benefit to Stanford and to Randy as he takes on this critically important position. We are pleased that his career path has led him back to us, and we look forward to having him as a part of the senior management team as we face the challenges before us."

Before joining OpenTV in 1998, Livingston served as a consultant and part-time CFO for Silicon Valley technology companies with such diverse specialties as genomics, Internet commerce, medical devices, chemical synthesis and enterprise software. Previously, he was director of corporate development at Apple Computer and chief financial officer for Taligent, a 400-employee Apple­IBM­Hewlett-Packard joint venture system software company. Before working at Apple, Livingston worked as director of corporate sales and marketing for Ingres Corp., a database software company, and as a consultant with McKinsey and Co.

"Since my undergraduate days, I have aspired to return to 'the Farm' at some point in my career," said Livingston, who has remained active in the Stanford community through alumni activities. "It will be very satisfying to borrow from my Silicon Valley experiences to further enhance Stanford's position as a world-class university. I am thrilled to have a chance to work with President Hennessy and the many incredibly talented faculty and administrators at Stanford. My team's job will be to help make the finances and operations of the university run smoothly and seamlessly, allowing everyone else to focus on our primary research and education missions."

Livingston succeeds Mariann Byerwalter, who became chief financial officer in 1996 after having served as a university trustee. She will be returning to the private sector and will be serving as an adviser to Hennessy.

"Randy's unique finance and operating experience in Silicon Valley, as well as his obvious affection for his alma mater, will bring strong leadership and a wonderful perspective to Stanford," said Byerwalter, who chaired the search committee that recommended Livingston's appointment.

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