SAN JOSE, Calif., Aug. 17, 2021 /PRNewswire/ -- Arlo Technologies,
Inc. (NYSE: ARLO), a leading internet-connected camera brand, today
announced that it has appointed Catriona Fallon to Arlo's Board of Directors and
as Chair of Arlo's Audit Committee. Ms. Fallon's appointment fills
a vacant Arlo board seat and brings the total number of board
members to seven.
"Catriona brings financial and technology experience that will
be an immediate positive asset to Arlo," said Matthew McRae, CEO of Arlo. "Catriona is a
perfect fit to our Board, and she will be an invaluable member of
the Arlo leadership team going forward, as we continue to develop
new products and services that provide cutting edge home security.
We are excited to welcome Catriona to Arlo and look forward to
working with her to continue to bring our users peace of mind and
technological innovation."
Ms. Fallon is currently the Chief Financial Officer at Aktana, a
software and services company utilizing artificial intelligence to
optimize sales and marketing. Before joining Aktana, Ms. Fallon
served as the Chief Financial Officer of several technology
companies, including Hitachi Vantara – an approximately
$3.5 billion subsidiary of Hitachi,
Ltd. She also worked with Silver Spring Networks, where she helped
execute the sale of the company to Itron; and Marin Software, a
company providing online advertising technology.
"Arlo designs and builds robust home security products, while at
the same time holding the privacy of its customers in the highest
regard," said Fallon. "As the convergence between home security and
artificial intelligence accelerates, new opportunities and
challenges are emerging. Customers want the people and things they
care about most to be protected and connected, but at the same time
they rightfully demand that their personal information not be used
as currency. I look forward to working with Arlo's leadership team
to transform the way our customers experience the connected
lifestyle."
Ms. Fallon is on the board of directors of General Fusion and
Palomar Holdings, Inc. She previously served as a board member
for Cray, Inc., the supercomputing company, which she helped sell
to Hewlett-Packard Enterprise. Ms. Fallon has held leadership
positions across a variety of technology companies. She has worked
with Cognizant Technology Solutions and Hewlett-Packard, was an
equity analyst with Citigroup, and has held roles with Piper Jaffray, McKinsey & Co., and Oracle.
Ms. Fallon is former World Champion rower and member of the U.S.
National & Olympic Rowing Team, and competed in the 1996
Olympic Games in Atlanta. She received a Bachelor of Arts
degree in Economics from the University of
California, Los Angeles, and an MBA from Harvard Business School.
About Arlo Technologies, Inc.
Arlo is the
award-winning, industry leader that is transforming the way people
experience the connected lifestyle. Arlo's deep expertise in
product design, wireless connectivity, cloud infrastructure and
cutting-edge AI capabilities focuses on delivering a seamless,
smart home experience for Arlo users that is easy to setup and
interact with every day. The company's cloud-based platform
provides users with visibility, insight and a powerful means to
help protect and connect in real-time with the people and things
that matter most, from any location with a Wi-Fi or a cellular
connection. To date, Arlo has launched several categories of
award-winning smart connected devices, including wire-free smart
Wi-Fi and LTE-enabled security cameras, audio and video doorbells,
and a floodlight.
With a mission to bring users peace of mind, Arlo is as
passionate about protecting user privacy as it is about
safeguarding homes and families. Arlo is committed to supporting
industry standards for data protection designed to keep users'
personal information private and in their control. Arlo does not
monetize personal data. Arlo provides enhanced controls for user
data, supports privacy legislation, keeps user data safely secure,
and puts security at the forefront of company culture.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995:
This press release contains
forward-looking statements within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. The words "anticipate,"
"expect," "believe," "will," "may," "should," "estimate,"
"project," "outlook," "forecast" or other similar words are used to
identify such forward-looking statements. However, the absence of
these words does not mean that the statements are not
forward-looking. The forward-looking statements represent Arlo
Technologies, Inc.'s expectations or beliefs concerning future
events based on information available at the time. These statements
are based on management's current expectations and are subject to
certain risks and uncertainties, including the following: future
demand for the Company's products may be lower than anticipated;
consumers may choose not to adopt the Company's new product
offerings or adopt competing products; and product performance may
be adversely affected by real world operating conditions. Further,
certain forward-looking statements are based on assumptions as to
future events that may not prove to be accurate. Therefore, actual
outcomes and results may differ materially from what is expressed
or forecast in such forward-looking statements. Further information
on potential risk factors that could affect Arlo and its business
are detailed in the Company's periodic filings with the Securities
and Exchange Commission, including, but not limited to, those risk
factors described in the Company's Annual Report on Form 10-K for
the year ending December 31, 2020 and
Quarterly Report on Form 10-Q for the fiscal quarter ended
June 27, 2021. Given these
circumstances, you should not place undue reliance on these
forward-looking statements. Arlo undertakes no obligation to
release publicly any revisions to any forward-looking statements
contained herein to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events.
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SOURCE Arlo Technologies, Inc.