Owlet CFO Scolnick to leave company to pursue other opportunities

Owlet announced that Kate Scolnick, Chief Financial Officer, will be departing the Company to pursue other opportunities. Amanda Twede Crawford, Owlet’s Vice President, Financial Planning and Analysis, will assume the role of CFO. Kate will remain at the Company in an advisory role for a transition period through September 2024. “On behalf of the Board of Directors and Owlet, I want to thank Kate for her executive leadership and significant contributions since joining our management team prior to our initial public listing. Over the last three and a half years she has been instrumental in supporting our top line growth, margin expansion and profitability objectives, and with her help we are on track to achieve our 2024 operational and financial goals,” said Kurt Workman, Owlet Chief Executive Officer and Co-Founder. “Along with public company execution rigor and commitment to our Company’s mission, Kate has established and developed executive talent in our finance and operations teams. Since joining Owlet in 2022, Amanda Twede Crawford has been a key financial leader and we’re excited for her to be moving into the CFO role. We anticipate this will be a smooth transition and wish Kate continued success in her future endeavors.” Workman continued, “In addition to this change, I’d like to provide some color on Owlet’s strong momentum and business performance thus far in 2024. The entire Owlet team has worked hard to put us in position to execute on our strategic operational goals for the remainder of 2024 and beyond. We continue to make strong inroads outside of our core US market, especially in the EU and UK, and are expanding our presence in the large remote patient monitoring segment following two landmark FDA clearances last year. Importantly, we continue to see accelerating product sell-through to parents, and we remain focused and progressing towards our stated goal of reaching and maintaining Adjusted EBITDA breakeven. We’re excited to share more on our upcoming financial results call.”