iRobot Corp. (NASDAQ: IRBT), a leader in consumer robots, announced the addition of Karen Golz, former Global Vice Chair of Ernst & Young (EY), to its board of directors. Ms. Golz brings extensive domestic and international experience working with global organizations on complex issues involving accounting, auditing, risk and regulatory matters.
As a global leader in accounting, auditing, financial reporting and ethics, Ms. Golz has served as an advisor to boards, audit committees and management of EY clients, in addition to EY’s senior leadership. Ms. Golz is an experienced board and audit committee member and 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.
“Karen’s deep financial background, coupled with her knowledge of international accounting and regulatory needs for scaling high growth companies, will be tremendous assets as iRobot continues to expand its operations globally, diversify its portfolio and maximize value for its shareholders,” said Colin Angle, chairman and CEO of iRobot. “Karen will be an essential member of iRobot’s team, and we are excited to welcome her to the board.”
“I am excited to join iRobot’s board of directors and work with its leadership team as the company continues to grow and expand the reach and breadth of its product portfolio,” said Karen Golz. “iRobot has tremendous opportunities as a provider of home robotics and intelligent home innovations that make life better, and I look forward to playing a part in the company’s success moving forward.”
iRobot also announced that Elisha Finney will be stepping down from the company’s board of directors for personal reasons, effective immediately. With today’s changes, iRobot’s board of directors remains 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.
“We thank Elisha for the many contributions she has made since joining the Board in 2017, and we wish her the best as she moves on to new opportunities,” continued Angle. “As Elisha steps down, the addition of Karen, and her extensive financial experience, ensures that the Board is well positioned to continue delivering on its responsibilities.”