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Cybernet Data Systems Inc.

iRobot Corporation Appoints Karen Golz to its Board of Directors

Strategic Insights

— 1 min read

iRobot Corporation, a leader in consumer robots, has announced the appointment of Karen Golz, former Global Vice Chair of Ernst & Young (EY), to its board of directors. This move is part of the company's efforts to expand its operations globally and diversify its portfolio. Ms. Golz brings extensive experience in accounting, auditing, risk, and regulatory matters, having served as an advisor to boards, audit committees, and management of EY clients, as well as EY's senior leadership.

Key Takeaways:

  • Karen Golz, former Global Vice Chair of Ernst & Young (EY), has been appointed to iRobot Corporation's board of directors.
  • Ms. Golz brings extensive experience in accounting, auditing, risk, and regulatory matters, having served as an advisor to boards, audit committees, and management of EY clients.
  • She currently serves on the boards of Analog Devices, Inc., Aspen Technology, Inc., and Osteon Holdings/Exactech, a private company controlled by TPG.
  • Ms. Golz is also a National Association of Corporate Directors (NACD) Board Leadership Fellow.
  • Her appointment to the board is expected to provide significant value to iRobot as the company continues to expand its operations globally and diversify its portfolio.
  • Elisha Finney, a member of the board since 2017, has resigned for personal reasons, and her departure leaves the board composed of 9 directors, 8 of whom are independent within the meaning of the director independence standards of Nasdaq and applicable rules of the SEC.

Statistics:

  • 9 directors currently sit on iRobot Corporation's board of directors.
  • 8 of the 9 directors are independent within the meaning of the director independence standards of Nasdaq and applicable rules of the SEC.
  • Karen Golz was awarded a pro rata portion of the $175,000 annual grant of restricted stock units granted to non-employee directors of the Company under the Company's 2018 Stock Option and Incentive Plan, having a fair market value of $90,616.
  • Her award will vest in full on the first anniversary of such grant.

Sources:

  • iRobot Corporation's Form 8-K filing with the Securities and Exchange Commission, dated November 17, 2021.
  • Press release issued by iRobot Corporation on November 17, 2021.

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