Samir Kapoor appointed Chief Technology
Officer, bringing deep R&D experience and proven track record
of driving growth and transformation in subscription service
markets
Arlo CFO Kurt Binder to step into additional
role as Chief Operating Officer to drive additional scale and
operational excellence for Arlo’s next stage of growth
Arlo Technologies, Inc. (NYSE: ARLO), a leading, smart home
security brand, announced today that it has appointed Samir Kapoor
as Arlo’s Chief Technology Officer, effective March 11th.
Additionally, Kurt Binder, Arlo’s Chief Financial Officer, will
step into the additional role of Chief Operating Officer to support
Arlo’s continued growth and focus on operational excellence.
Samir is a seasoned C-level technology executive with deep
experience leading complex engineering organizations across
hardware, software, and SaaS technology companies. With a proven
track record of success at companies including Fitbit and Life360,
where he also served as Chief Technology Officer, Samir’s
appointment will further strengthen Arlo’s executive leadership
team as it focuses on the acceleration of its services-first
strategy.
“As Arlo looks forward to its next stage of growth, we are
excited to welcome Samir into Arlo’s executive leadership as its
new Chief Technology Officer,” said Matthew McRae, Arlo CEO. “Samir
brings a proven track record of leading complex engineering
organizations that bring together hardware, software, and services
into a holistic, complete solution, and Samir is uniquely
positioned to lean in and excel in this challenging role.”
Samir holds a Ph.D. in electrical engineering from the
University of Notre Dame, an M.S. in engineering from Washington
State University, an MBA from the University of Pennsylvania, and a
B. Tech in Electrical Engineering from the Indian Institute of
Technology Bombay.
“I am thrilled to join the Arlo leadership team and leverage my
consumer-centric, services-first experience to accelerate the
execution of Arlo’s services-first strategy, increase customer
satisfaction, and maximize shareholder value,” said Samir Kapoor.
“Throughout my engagement with the Arlo team, it became clear that
the passion and commitment to deliver on the organization’s promise
to Protect Everything is firmly rooted in Arlo’s culture of
innovation, disciplined execution, and customer-centricity.”
McRae continued, “I have also asked Kurt Binder, our current
CFO, to take on the additional role of Chief Operating Officer for
Arlo. Since Kurt joined Arlo just over a year ago, he has been an
instrumental leader, delivering on numerous financial and strategic
initiatives. As COO, Kurt will support Arlo’s efforts to further
scale its operational excellence and organizational efficiencies to
drive our company to a new level with an all-important
customer-centric, services-first mindset.”
About Arlo Technologies, Inc.
Arlo is an award-winning, industry leader that is transforming
the ways in which people can protect everything that matters to
them with advanced home, business, and personal security solutions.
Arlo's deep expertise in AI- and CV-powered analytics, cloud
services, user experience and product design, and innovative
wireless and RF connectivity enables the delivery of a seamless,
smart security experience for Arlo users that is easy to set up and
interact with every day. Arlo'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 connected
devices, software, and services. These include wire-free, smart
Wi-Fi and LTE-enabled security cameras, video doorbells,
floodlights, security system, and Arlo's subscription services:
Arlo Secure and Arlo Safe.
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 implementing
industry standards for data protection designed to keep users'
personal information private and in their control. Arlo does not
monetize personal data, 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 (the "Company" or "Arlo")
expectations or beliefs concerning future events based on
information available at the time such statements were made and
include statements regarding lowering the barrier of entry and
broadening the market for DIT security and Arlo cameras, Arlo video
doorbells, Arlo Secure, Arlo Secure Plus, and future Arlo products.
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 utilize payment plans
or to adopt the Company's new product offerings, or may 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 most recently filed Annual
Report on Form 10-K and Quarterly Report on Form 10-Q and
subsequent filings with the Securities and Exchange Commission.
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.
Source: Arlo-F
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