An update from iRobot (IRBT) is now available.
iRobot Corporation has announced the appointment of Jeff Engel as the new President and Chief Operating Officer from August 6, 2024, with Gary S. Cohen stepping down as President but maintaining his role as CEO. Engel brings a wealth of experience, having held several C-suite and advisory roles across multiple sectors, and is set to earn a substantial base salary plus potential bonuses tied to company performance. His employment package also includes stock options and severance terms, complemented by restrictive covenants and an indemnification agreement typical for executives at this level.
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