Transformative Leader and SaaS Veteran to Drive
Company’s Next Chapter of Growth and Innovation in Smart Home
Technology for the Rental Housing Industry
SmartRent Inc. (NYSE: SMRT) (“SmartRent” or the “Company”), the
leading provider of smart communities solutions and smart
operations solutions for the rental housing industry, today
announced the appointment of Michael Shane Paladin as its President
and Chief Executive Officer, with an expected start date of
February 24. In this role, Paladin will lead SmartRent’s executive
team as the Company strives to advance its market share and
strategic vision of delivering smart living and working for the
rental housing industry while optimizing service and performance
for its customers, site teams and resident users.
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Incoming SmartRent President and CEO
Shane Paladin will lead SmartRent’s executive team as the Company
strives to advance its market share and strategic vision of
delivering smart living and working for the rental housing industry
while optimizing service and performance for its customers, site
teams and resident users. (Photo: Business Wire)
With more than two decades of proven experience across SaaS,
enterprise software and technology services, Paladin brings an
extraordinary track record of delivering strategic transformation,
operational excellence and sustainable growth to SmartRent. From
revitalizing SaaS businesses to driving innovation in cloud-based
solutions, Paladin has a demonstrated history of delivering
elevated customer experience, expanding profitable growth and
navigating complex market dynamics while delivering tangible value
to stakeholders.
“We are delighted to welcome Shane to the SmartRent team. As we
integrate his wealth of knowledge, strategic vision and innovation
acumen into our Company arsenal, SmartRent embarks on a new turning
point while transforming rental housing operations – bringing
unmatched value for our customers and their residents,” said John
Dorman, Chairman of the SmartRent Board of Directors. “Shane joins
us at a moment when we are helping the rental housing industry
navigate through one of its most pivotal periods by delivering a
holistic enterprise platform that addresses all aspects of
portfolio and property management. With Shane’s leadership and our
recent $10M innovation investment, we are well positioned to remain
at the forefront of innovation in our space, setting the standard
and driving the future of property technology.”
Paladin’s SaaS career spans blue-chip companies and pioneering
early-stage ventures where he established strong foundations for
scalable growth while enhancing customer retention and operational
efficiency. Most recently, Paladin served as Chief Executive
Officer of Siteimprove, a private equity-backed marketing
technology SaaS company. There, he led a successful turnaround,
driving profitable growth, expanding product offerings and
executing strategic mergers and acquisitions. His tenure was marked
by innovation and an unwavering commitment to customer success.
Before joining Siteimprove, Paladin held several senior-level
roles at SAP SE (NYSE: SAP), one of the world’s largest enterprise
software companies. As President of Services, he led a global
19,000-person team, managed a multi-billion-euro P&L and drove
SAP’s digital transformation by streamlining its services portfolio
and enabling a rapid shift to remote project delivery during the
COVID-19 pandemic. Previously, as Chief Operating Officer of SAP
Greater China, he modernized operations, accelerated cloud adoption
and transformed the region into one of SAP’s fastest-growing
markets. Earlier, in North America, he held several senior
leadership roles driving customer-centric growth initiatives and
achieved significant improvements in revenue, profitability and
market share.
“I’m honored to join SmartRent at a time when the rental housing
industry is embracing transformative technology,” said Paladin.
“SmartRent’s innovative approach to IoT, data intelligence and
resident-centric experiences uniquely positions the Company to lead
this evolution. I look forward to working with the talented team at
SmartRent to deliver game-changing solutions that empower our
customers and redefine what’s possible in property technology.”
About SmartRent
Founded in 2017, SmartRent, Inc. (NYSE: SMRT) is a leading
provider of smart communities solutions and smart operations
solutions to the rental housing industry. SmartRent’s end-to-end
enterprise ecosystem powers smarter living and working in rental
housing by automating operations, protecting assets, reducing
energy consumption, enhancing the resident experience and more. The
Company’s differentiators - purpose-built software and hardware,
and end-to-end implementation and support - create an exceptional
experience, with 15 of the top 20 multifamily operators and
millions of users leveraging SMRT solutions daily. For more
information, please visit smartrent.com.
Forward-Looking Statements
This press release contains forward-looking statements which
address the Company's executive transition, expected future
business and financial performance, areas of focus, including our
sales organization, the Company's approach to operational and
financial discipline, leadership transition, expected growth,
strategy, performance, financial review, stock repurchase program
and expected benefits from stock repurchase program, and other
future events and forward-looking statements. Forward-looking
statements may contain words such as "goal," "target," "future,"
"estimate," "expect," "anticipate," "intend," "plan," "believe,"
"seek," "project," "may," "should," "will" or similar expressions.
Examples of forward-looking statements include, among others,
statements regarding the expected financial results, product
portfolio enhancements, expansion plans and opportunities and
earnings guidance related to financial and operational metrics.
Forward-looking statements involve risks and uncertainties that
could cause actual results to differ materially from those
currently anticipated. Some of the factors that could cause actual
results to differ materially from those expressed or implied by the
forward-looking statements include, among other things, our ability
to: (1) accelerate adoption of our products and services; (2)
anticipate the uncertainties inherent in the development of new
business lines and business strategies; (3) manage risks associated
with our third-party suppliers and manufacturers and partners for
our products; (4) manage risks associated with adverse
macroeconomic conditions, including inflation, slower growth or
recession, barriers to trade, changes to fiscal and monetary
policy, tighter credit, higher interest rates, high unemployment,
and currency fluctuations; (5) attract, train, and retain effective
officers, key employees and directors and manage risks associated
with the leadership transition; (6) develop, design, manufacture,
and sell products and services that are differentiated from those
of competitors; (7) realize the benefits expected from our
acquisitions; (8) acquire or make investments in other businesses,
patents, technologies, products or services to grow the business;
(9) successfully pursue, defend, resolve or anticipate the outcome
of pending or future litigation matters; (10) comply with laws and
regulations applicable to our business, including privacy
regulations; (11) realize the benefits expected from our stock
repurchase program; and (12) maintain key strategic relationships
with partners and distributors. The forward-looking statements
herein represent the judgment of the Company, as of the date of
this release, and SmartRent disclaims any intent or obligation to
update forward-looking statements. This press release should be
read in conjunction with the information included in the Company's
other press releases, reports and other filings with the SEC.
Understanding the information contained in these filings is
important in order to fully understand the Company's reported
financial results and our business outlook for future periods.
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version on businesswire.com: https://www.businesswire.com/news/home/20250127676878/en/
Media Contact Amanda Chavez - Vice President, Marketing
and Communications media@smartrent.com
Investor Contact Kelly Reisdorf - Head of Investor
Relations investors@smartrent.com
Grafico Azioni SmartRent (NYSE:SMRT)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni SmartRent (NYSE:SMRT)
Storico
Da Gen 2024 a Gen 2025
