NETGEAR, the global networking company renowned for its innovative products, has made a significant announcement regarding a leadership transition. Patrick C. S. Lo, the current Chief Executive Officer and Chairman of the board, is retiring from his position at NETGEAR and the company’s Board. The Board has appointed Charles (CJ) Prober, a senior technology executive with a track record of driving growth and innovation, to succeed him with immediate effect.
A Seamless Transition and Strategic Advisor
Patrick C. S. Lo, a co-founder of NETGEAR, will retire from his positions, but to ensure a seamless leadership transition, he will remain as a strategic advisor until July 2024. Lo’s impact on the company is celebrated, and his vision for delivering advanced networking solutions has shaped NETGEAR over nearly three decades.
CJ Prober: A Next-Generation Leader
The appointment of Charles (CJ) Prober follows a thorough 12-month search process conducted by the NETGEAR Board. Prober, a seasoned business leader, brings extensive experience in consumer electronics, software, and subscription services. His leadership roles in top consumer and technology brands, including Life360, Tile, and GoPro, make him an ideal choice to lead NETGEAR into its next phase of innovation.
Board’s Confidence in Prober’s Leadership
The Board expresses full confidence in Prober, emphasizing his unanimous support and the alignment of his skills with NETGEAR’s future success. Thomas H. Waechter, NETGEAR Lead Independent Director, stated, “As co-founder of NETGEAR, and leader for nearly three decades, it goes without saying that Patrick Lo’s impact on the company is undeniable. His vision for delivering the future of connectivity through advanced networking products and solutions has shaped who we are as a company, and we celebrate all he has accomplished. CJ has the full confidence of the Board. We look forward to working with him and the NETGEAR leadership team to take the company forward for its next phase of innovation.”
Patrick Lo’s Reflection on NETGEAR’s Journey
Reflecting on his tenure, Patrick Lo stated, “When Mark Merrill and I founded NETGEAR 28 years ago, the internet was beginning to show its impact on the world,” said Lo. “We seized the opportunity, and we’ve been innovating and leading the industry in the creation of advanced networking technologies for homes and businesses around the world ever since. We’ve pushed the boundaries of what can be experienced in a connected world, and I am all for the next chapter of the NETGEAR story.”
Prober’s Enthusiastic Vision for NETGEAR’s Future
CJ Prober expressed excitement about joining NETGEAR, stating, “As an innovator and pioneer, NETGEAR is an admired and respected brand by both consumers and businesses at a time when connectivity matters more than ever. I have built my career on delivering innovative and industry-leading products and services and am proud to join the NETGEAR team to continue this path and to create value for all stakeholders, continuing the company’s strong focus on innovation in the industry. The path forward is incredibly exciting, and I look forward to partnering with the Board, our partners, and NETGEAR’s global employee base.”
Prober’s Impressive Career and Achievements
Prober’s career includes leadership roles at notable companies such as Life360, Tile, and GoPro, demonstrating his ability to drive growth, innovation, and subscription revenue. He played a central role in EA’s transformation from packaged software to a digital services company, unlocking significant shareholder value. Prober’s experience in managing large teams and complex global businesses positions him to deliver value to NETGEAR’s customers, investors, and employees.
The Future Ahead
The leadership transition signifies a new chapter for NETGEAR, with CJ Prober at the helm. The company is poised for continued innovation and growth under Prober’s leadership. The announcement marks a pivotal moment in NETGEAR’s journey, and stakeholders are eager to see the strategic vision unfold under Prober’s guidance.
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