BEDFORD,
Mass., June 13, 2024 /PRNewswire/ -- iRobot
Corp. (NASDAQ: IRBT), a leader in consumer robots, announced the
addition of Julien Mininberg, former
chief executive officer of Helen of Troy, to its board of
directors. Mr. Mininberg brings a wealth of global consumer product
experience in areas including sales, marketing, retail, finance,
mergers and acquisitions, organizational restructuring, strategic
planning and corporate turnarounds.
Mr. Mininberg has built and led domestic and international
organizations in the consumer space for more than 30 years,
consistently increasing profitability and positioning them for
growth. He is seasoned in all aspects of the consumer goods
industry and is known as a consumer-centric and people-first
leader. Over the past ten years, Mr. Mininberg served as CEO at
Helen of Troy, leading a successful transformation of the business
and organization. He previously served as President and CEO of Kaz,
which was later acquired by Helen of Troy. Prior to Kaz, he spent
15 years at Procter and Gamble, where he held various
roles in general management and marketing. His public company board
experience includes ten years on the board of directors at Helen of
Troy and two years on the board of directors at SpartanNash. In
addition, Mr. Mininberg is a senior advisor to the private equity
firm L Catterton and serves on the board of advisors for Yale
School of Management.
"Julien's breadth of experience in building market-leading
global brands, strong base in go-to-market strategy, and experience
guiding organizations through transformation and restructuring
efforts will be great assets for iRobot as the company re-orients
toward profitability and growth," said Andrew Miller, chairman of the board at iRobot.
"We welcome Julien to the board of directors and are confident he
will add significant value to our team moving forward."
"iRobot is a pioneer in the consumer robot space, and I am
thrilled to begin working with a board of directors and leadership
team that represent such an iconic brand," said Julien Mininberg. "I am excited to leverage my
past experiences and consumer-focused leadership style as the
company sets itself up for its next chapter and pursues many of the
opportunities for profitable growth that lie ahead."
iRobot also announced that Mohamad
Ali will be stepping down from the company's board of
directors effective immediately having recently taken on a new
leadership role at IBM. With today's changes, iRobot's board of
directors is now composed of seven directors, six of whom are
independent within the meaning of the director independence
standards of Nasdaq and applicable rules of the SEC.
"We thank Mohamad for all the contributions he has made since
joining iRobot's board of directors in 2015, and we wish him the
best on his latest endeavor," continued Miller. "As Mohamad steps
down, we are confident that the addition of Julien, and all of the
experience he brings, will help ensure the board is well positioned
for the future."
About iRobot Corporation
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.
For iRobot Investors
This press release contains "forward-looking statements" within the
meaning of the federal securities laws, including Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, including statements
regarding the Company's implementation of its operational
restructuring plan and related restructuring charges (including the
timing thereof), the Company's business plans, strategies,
priorities and initiatives and the expected business and financial
impacts thereof (including anticipated cost savings), expected
product launches and the impact thereof, and anticipated business
enhancements and expected benefits to the Company's products and
business therefrom. These forward-looking statements are based on
the Company's current expectations, estimates and projections about
its business and industry, all of which are subject to change. In
this context, forward-looking statements often address expected
future business and financial performance and financial condition,
and often contain words such as "expect," "anticipate," "intend,"
"plan," "believe," "could," "seek," "see," "will," "may," "would,"
"might," "potentially," "estimate," "continue," "expect," "target,"
similar expressions or the negatives of these words or other
comparable terminology that convey uncertainty of future events or
outcomes. All forward-looking statements by their nature address
matters that involve risks and uncertainties, many of which are
beyond our control, and are not guarantees of future results. These
and other forward-looking statements are not guarantees of future
results and are subject to risks, uncertainties and assumptions
that could cause actual results to differ materially from those
expressed in any forward-looking statements. Accordingly, there are
or will be important factors that could cause actual results to
differ materially from those indicated in such statements and,
therefore, you should not place undue reliance on any such
statements and caution must be exercised in relying on
forward-looking statements. Important risk factors that may cause
such a difference include, but are not limited to: the Company's
ability to implement its business plans and strategies; the
Company's ability to achieve the anticipated benefits of its
operational restructuring plan; the Company's ability to
successfully navigate its leadership transition; the ability of the
Company to retain and hire key personnel; legislative, regulatory
and economic developments affecting the Company's business; general
economic and market developments and conditions; the impact of
various global conflicts on the Company's business and general
economic conditions; the evolving legal, regulatory and tax regimes
under which the Company operates; unpredictability and severity of
catastrophic events, including, but not limited to, acts of
terrorism or outbreak of war or hostilities; supply chain
challenges including constraints in the availability of certain
semiconductor components used in the Company's products; the
financial strength of the Company's customers and retailers; the
impact of tariffs on goods imported into the United States; and competition. Additional
risks and uncertainties that could cause actual outcomes and
results to differ materially from those contemplated by the
forward-looking statements are included under the caption "Risk
Factors" in the Company's most recent annual and quarterly reports
filed with the SEC and any subsequent reports on Form 10-K, Form
10-Q or Form 8-K filed from time to time and available at
www.sec.gov. The forward-looking statements included herein are
made only as of the date hereof. The Company does not assume any
obligation to publicly provide revisions or updates to any
forward-looking statements, whether as a result of new information,
future developments or otherwise, should circumstances change,
except as otherwise required by securities and other applicable
laws.
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SOURCE iRobot Corporation