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IRobot Streamlines Leadership For Operational Efficiency

Stocks in this article: IRBT

BEDFORD, Mass., Nov. 25, 2013 /PRNewswire/ --  iRobot Corp. (NASDAQ: IRBT), a leader in delivering robotic technology-based solutions, today announced the company is streamlining leadership for operational efficiency. The company is also reaffirming financial expectations for fiscal year 2013 and preliminary expectations for 2014 revenue growth of mid to high teens, previously provided in its Q3 2013 earnings announcement on October 22, 2013.

(Logo: http://photos.prnewswire.com/prnh/20131104/NE10106LOGO)

"Since realigning the company in Q1 2012, iRobot has evolved into a single organization focused on three distinct market segments. These markets are served by business units, each with experienced leadership, supported by shared engineering and supply chain teams," said Colin Angle, chairman and chief executive officer of iRobot. "Having completed this transition and effectively reduced the operational complexity of the organization, the responsibilities of the COO were minimized, giving us the opportunity to flatten the organization by expanding upon the CFO and CTO functions."

Recognizing the reduced responsibilities of the chief operating officer position, Jeff Beck has elected to pursue his own professional ambitions outside of the company. iRobot's decision to streamline management coincides with the company's 2014 planning cycle, and it will not seek a replacement for COO.

The company's leadership changes include:

  • Christian Cerda, Frank Wilson and Youssef Saleh, iRobot's business unit leads, will now report directly to Colin Angle, increasing operational efficiency while bringing innovative, customer-driven solutions to market.
  • Paolo Pirjanian, chief technology officer, will now lead the company's engineering force in addition to focusing on strategic technology development. Responsible for nearly 50 percent of iRobot's workforce, Pirjanian will take on an elevated role within the company's leadership team as an executive officer.
  • Alison Dean, executive vice president and chief financial officer, will now oversee manufacturing and supply chain in addition to leading the company's financial and information technology operations.
  • Jeff Beck is resigning as chief operating officer effective immediately and will participate in a transition period through the end of 2013.

"When we began this transition in 2012, we had ambitious goals. With Jeff's contributions, we have exceeded our expectations and positioned iRobot to focus on driving innovation in multiple markets," continued Angle. "During his tenure with iRobot, the company has increased its revenues and brought several new products to market, while growing its management depth and breadth significantly. We wish Jeff well in his new endeavors."

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