NETGEAR Appoints Technology Leader Charles (CJ) Prober as New CEO
01 February 2024 - 8:06AM
Business Wire
Co-founder, Current CEO and Chairman Patrick
C.S. Lo to Retire as Part of Planned Leadership Transition
NETGEAR®, Inc. (NASDAQ: NTGR), a global networking company that
delivers innovative networking and internet connected products to
consumers and businesses, today announced that Patrick C.S. Lo,
current Chief Executive Officer and Chairman of the board, is
retiring from his position at NETGEAR and from the company’s Board.
Lo will remain as a strategic advisor to support a seamless
leadership transition through July 2024. The Board has appointed
Charles (CJ) Prober, a senior technology executive, to succeed him
effective immediately. Prober is also joining NETGEAR’s Board of
Directors.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240131636954/en/
CJ Prober, new CEO of NETGEAR (Photo:
Business Wire)
“As co-founder of NETGEAR, and leader for nearly three decades,
it goes without saying that Patrick Lo’s impact on the company is
undeniable. His vision for delivering the future of connectivity
through advanced networking products and solutions has shaped who
we are as a company, and we celebrate all he has accomplished,”
said Thomas H. Waechter, NETGEAR Lead Independent Director. “CJ has
the full confidence of the Board. We look forward to working with
him and the NETGEAR leadership team to take the company forward for
its next phase of innovation.”
“When Mark Merrill and I founded NETGEAR 28 years ago, the
internet was beginning to show its impact on the world,” said Lo.
“We seized the opportunity, and we’ve been innovating and leading
the industry in the creation of advanced networking technologies
for homes and businesses around the world ever since. We’ve pushed
the boundaries of what can be experienced in a connected world, and
I am all for the next chapter of the NETGEAR story.”
Prober to Succeed Lo
The appointment of Prober follows a thorough search process over
the last 12 months, conducted by the NETGEAR Board, with the goal
of appointing a next-generation leader with extensive consumer
electronics, software and subscription experience. Prober has the
unanimous support of the Board and meets all the criteria that are
critical to NETGEAR’s future success in distinguishing itself as a
high-performing leader in the consumer and business networking
industry.
Prober is a seasoned and successful business leader who has
focused on driving growth, transformation and innovation in his
past roles, with decades of expertise in building cutting edge
consumer experiences for devices and digital platforms. His
experience spans leadership positions at top consumer and
technology brands, including roles as President of Life360, CEO at
Tile (acquired by Life360), Chief Operating Officer at GoPro, and
SVP of Digital Publishing at Electronic Arts (EA). Prior to his
operating roles, Prober served as a consultant with McKinsey &
Company where he helped to guide some of the world’s leading B2B
technology companies.
He currently sits on the Board of Directors of Life360 and
Glorious Gaming. Past accomplishments include driving subscription
and revenue growth at Life360, Tile and GoPro. Additionally, he was
central to EA’s transformation from a packaged software to digital
services company that unlocked significant shareholder value over
his years at the company. His extensive experience in managing
large teams and complex global businesses demonstrates his ability
to deliver value to customers, investors, and employees.
“As an innovator and pioneer, NETGEAR is an admired and
respected brand by both consumers and businesses at a time when
connectivity matters more than ever,” said CJ Prober, NETGEAR CEO.
“I have built my career on delivering innovative and
industry-leading products and services and am proud to join the
NETGEAR team to continue this path and to create value for all
stakeholders, continuing the company’s strong focus on innovation
in the industry. The path forward is incredibly exciting, and I
look forward to partnering with the Board, our partners and
NETGEAR’s global employee base.”
About NETGEAR, Inc.
NETGEAR® (NASDAQ: NTGR) has pioneered advanced networking
technologies for homes, businesses, and service providers around
the world since 1996 and leads the industry with a broad range of
award-winning products designed to simplify and improve people's
lives. By enabling people to collaborate and connect to a world of
information and entertainment, NETGEAR is dedicated to delivering
innovative and advanced connected solutions ranging from mobile and
cloud-based services for enhanced control and security, to smart
networking products, video over Ethernet for Pro AV applications,
easy-to-use WiFi solutions and performance gaming routers to
enhance online game play. The company is headquartered out of San
Jose, Calif. with offices located around the globe. More
information is available from the NETGEAR Press Room or by calling
(408) 907-8000. Connect with NETGEAR: Twitter, Facebook, Instagram,
and the NETGEAR blog at NETGEAR.com.
©2024 NETGEAR, Inc. NETGEAR and the NETGEAR logo are trademarks
and/or registered trademarks of NETGEAR, Inc. and/or its affiliates
in the United States and/or other countries. Other brand and
product names are for identification purposes only and may be
trademarks or registered trademarks of their respective holder(s).
The information contained herein is subject to change without
notice. NETGEAR shall not be liable for technical or editorial
errors or omissions contained herein. All rights reserved.
Source: NETGEAR-G
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240131636954/en/
U.S. Media Contact: Valerie Motis
Valerie.motis@NETGEAR.com NETGEAR@AccesstheAgency.com
U.S. Sales Inquiries: (408) 907-8000, sales@netgear.com
NETGEAR (NASDAQ:NTGR)
Historical Stock Chart
From Apr 2024 to May 2024
NETGEAR (NASDAQ:NTGR)
Historical Stock Chart
From May 2023 to May 2024