Goldman Brings Proven Record of Overseeing
Successful Operational and Financial Transformations
Expands Size of Board to Nine
Directors
BEDFORD,
Mass., March 12, 2025 /PRNewswire/ -- iRobot
Corp. (NASDAQ: IRBT), a leader in consumer robots, today announced
the addition of Neal P. Goldman as
an independent director to its Board of Directors, effective
immediately, expanding the size of the Board to nine directors,
eight of whom are independent.
Mr. Goldman is a seasoned executive with extensive public
company board experience and a deep background in strategic
planning, financial management and corporate turnaround consulting
across the technology and retail industries, among others. He
currently serves as Chief Executive Officer and Managing Member of
SAGE Capital Investments, LLC and as Chairman of the Board at Talos
Energy, leveraging his expertise in financial and strategic
planning. Prior to this, Mr. Goldman was a Managing Director at Och
Ziff Capital Management, L.P. from 2014 to 2016 and a Founding
Partner of Brigade Capital Management, LLC from 2007 to 2012, which
he helped build to over $12 billion
in assets under management. He previously served as a Portfolio
Manager at MacKay Shields, LLC and held various positions at
Salomon Brothers, Inc., both as a mergers and acquisitions banker
and as an investor in the high yield trading group.
"We are excited to welcome Neal to iRobot's Board of Directors
at such a pivotal time in the execution of our Elevate strategy as
we look to reclaim our position as a global innovation leader in
consumer robots," said Andrew
Miller, Chairman of the Board at iRobot. "Neal's experience
guiding organizations through turnaround periods and his proven
track record of overseeing operational and financial
transformations will be invaluable to the Board as we continue to
take decisive actions to ensure iRobot is best positioned to
operate amidst a dynamic landscape."
"iRobot has established itself as an iconic brand in the
innovative and rapidly evolving consumer robot space and has
demonstrated commendable progress in its turnaround efforts to
date," said Mr. Goldman. "I look forward to working alongside the
Board and leadership team to support the Company's continued growth
and innovation."
Separately, the Company provided updates on its business
operations and performance in its fourth quarter and full-year 2024
earnings press release issued today.
About iRobot Corp.
iRobot is a global consumer
robot company that designs and builds thoughtful robots and
intelligent home innovations that make life better. iRobot
introduced the first Roomba robot vacuum in 2002. Today, iRobot is
a global enterprise that has sold more than 50 million robots
worldwide. iRobot's product portfolio features technologies and
advanced concepts in cleaning, mapping and navigation. Working from
this portfolio, iRobot engineers are building robots and smart home
devices to help consumers make their homes easier to maintain and
healthier places to live. For more information about iRobot, please
visit www.irobot.com.
Cautionary Statement Regarding Forward-Looking
Statements
Certain statements made in this press
release that are not based on historical information are
forward-looking statements which are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. This press release contains express or implied
forward-looking statements including relating to iRobot's continued
growth and innovation, expected benefits of appointing Neal Goldman to the Board of Directors, and the
expected timeline and benefits of its continuing turnaround
strategy. These statements are neither promises nor guarantees, but
are subject to a variety of risks and uncertainties, many of which
are beyond our control, which could cause actual results to differ
materially from those contemplated in these forward-looking
statements. Existing and prospective investors are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the date hereof. iRobot undertakes no obligation
to update or revise the information contained in this press
release, whether as a result of new information, future events or
circumstances or otherwise. For additional information about
factors that could cause actual results to differ materially from
those described in the forward-looking statements, please refer to
our filings with the Securities and Exchange Commission, including
the risk factors contained in our most recent Annual Report on Form
10-K and Quarterly Reports on Form 10-Q.
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SOURCE iRobot Corporation
