SAN JOSE, Calif., Oct. 29, 2018 /PRNewswire/ -- Arlo Technologies,
Inc. (NYSE: ARLO), a leading provider of smart connected devices
for homes and small businesses, has welcomed Michael Pope and Sean
Aggarwal to the company's Board of Directors. Currently, Mr.
Pope is Senior Vice President and Chief Financial Officer at
Shutterfly, Inc., and Mr. Aggarwal is the former Chief Financial
Officer of Trulia, and is currently on the Board of Directors of
Lyft, Inc. and Yatra Online, Inc. Both Mr. Pope and Mr. Aggarwal
are Silicon Valley veterans, each with over twenty-five years of
business experience and successful tenures at the highest levels of
public and private companies.
"Mike and Sean are valuable additions to the Arlo Board of
Directors," said Matthew McRae,
Chief Executive Officer of Arlo. "Mike has a proven track record of
profitably growing public and private companies as both a chief
financial officer and chief operating officer, and his finance,
manufacturing, and operational experience will benefit Arlo as we
continue to scale up as a new public company. Meanwhile, Sean
is the consummate Silicon Valley leader with valuable strategic
insights into both the consumer tech segment and real estate
markets that will be invaluable to Arlo as we expand our reach and
customer base in the consumer and small business markets in
the United States and
internationally."
Prior to joining Shutterfly, Mr. Pope was at Clean Power
Finance, where he served as chief financial officer. He has also
held the positions of chief operating officer and chief financial
officer at MarketTools, vice president at BearingPoint, president
and chief operating officer at Network General, president and chief
executive officer at DigitalThink, and chief financial officer and
chairman of the audit committee at Dionex (acquired by Thermo
Scientific). Mr. Pope earned an MBA from the Haas School of
Business at the University of California,
Berkeley and a Bachelor of Arts degree from Stanford University.
Mr. Aggarwal helped take Trulia public in 2012 while CFO, and
later in 2015 orchestrated its sale to Zillow for 5x the IPO
valuation. Prior to Trulia, Mr. Aggarwal held finance positions at
PayPal, eBay, Amazon, PepsiCo and Merrill Lynch Investment Banking.
Notably, Mr. Aggarwal was named CFO of the year by Proformative in
2013. He earned an MBA from Northwestern
University's Kellogg School of Management and a Bachelor of
Arts degree from the College of
Wooster.
Mr. Pope said of his appointment, "I am excited at the
opportunity to contribute my expertise to the Arlo leadership team
at this important stage in the company's history, just after its
IPO and during its growth phase as a public company."
Impressed by the possibilities of Arlo, Mr. Aggarwal commented,
"Arlo is a compelling growth story in the emerging smart home and
business IoT market, and I look forward to being an integral part
of a company that has such a large opportunity in front of it. I
have great respect for Arlo's Board and leadership team, and I look
forward to working with them."
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 cameras, audio doorbells,
advanced baby monitors and smart security lights.
©2018 Arlo Technologies, Inc. Arlo and the Arlo logo are
trademarks and/or registered trademarks of Arlo Technologies, 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 of their
respective holder(s). The information contained herein is subject
to change without notice. Arlo will not be liable for technical or
editorial errors or omissions contained herein. All rights
reserved.
Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995 for Arlo Technologies, Inc.:
This press release contains forward-looking statements within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995. Specifically, statements concerning Arlo's business and the
expected performance characteristics, specifications, reliability,
market acceptance, market growth, specific uses, user feedback and
market position of Arlo's products and technology are
forward-looking statements within the meaning of the Safe Harbor.
These statements are based on management's current expectations and
are subject to certain risks and uncertainties, including, without
limitation, the following: the actual price, performance and
ease-of-use of Arlo's products may not meet the price, performance
and ease-of-use requirements of customers; product performance may
be adversely affected by real world operating conditions; failure
of products may under certain circumstances cause permanent loss of
end user data; new viruses or Internet threats may develop that
challenge the effectiveness of security features in Arlo's
products; the ability of Arlo to market and sell its products and
technology; the impact and pricing of competing products; and the
introduction of alternative technological solutions. 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. 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-G
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