BEDFORD, Mass., May 12, 2008 – iRobot Corp. (NASDAQ: IRBT) today announced Sandra B. Lawrence is leaving iRobot to pursue other interests. Lawrence will remain with iRobot as senior marketing advisor to the chief executive officer through a transition period.
The company has named Jon Elordi as interim general manager of the Home Robots division, a position he will hold for the duration of the company’s search for a new president. During this time, Elordi will report to iRobot chief executive officer Colin Angle who will assist through the transition. The change will be effective as of May 16th. Mr. Elordi has worked at iRobot for three years as vice president of international sales and marketing. He is responsible for the strategic direction, partnerships, sales and marketing, and operations of the overseas business. Recently Elordi spearheaded the creation of a direct channel for international business, and established warehousing and protocols that enable iRobot to sell and ship directly to customers in the United Kingdom and Germany.
“Jon brings to the position a proven record of leadership and accomplishment in the consumer market space and a deep understanding of our business,” Angle said. “These management changes will not impact the financial expectations we discussed on May 1st 2008.”
Prior to joining iRobot Elordi was the senior vice president and general manager of international business for the Holmes Group. He has also held executive positions with Helen of Troy and Hallmark Greeting Cards. Elordi has a bachelor’s degree from Mercer University, and a master’s degree in Business from Florida Institute of Technology. Elordi served as a Lieutenant in the United Sates Navy between 1984 and 1990, where he was a surface warfare officer on board the USS William V. Pratt.
About iRobot Corp.
iRobot is a provider of robots that perform dull, dirty or dangerous missions in a better way. The company’s proprietary technology, iRobot AWARE Robot Intelligence Systems, incorporates advanced concepts in navigation, mobility, manipulation and artificial intelligence. This proprietary system enables iRobot to build behavior-based robots, including its family of consumer and military robots. For additional information about iRobot, please visit www.irobot.com.
For iRobot Investors:
Certain statements made in this press release that are not based on historical information are forward-looking statements which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. This press release contains express or implied forward-looking statements relating to, among other things, iRobot Corp.’s expectations concerning future financial performance. These statements are neither promises nor guarantees, but are subject to a variety of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. In particular, the risks and uncertainties include, among other things: general economic conditions, our ability to operate in an emerging market, fluctuations in our operating results and the seasonality of our business, our ability to enhance our current consumer robots or develop new consumer robots, market acceptance of our products, and our ability to manage our rapid growth. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. iRobot Corp. undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise. For additional disclosure regarding these and other risks faced by iRobot Corp., see the disclosure contained in our public filings with the Securities and Exchange Commission.
Contact: | |
Elise Caffrey Investor Relations iRobot Corp. (781) 430-3003 ecaffrey@irobot.com |
Nancy Smith Media Relations iRobot Corp. (781) 430-3323 nsmith@irobot.com |