NETGEAR®, Inc. (NASDAQ: NTGR), a renowned company in the networking sector, has declared the retirement of its CEO and Chairman, Patrick C. S. Lo. Lo will leave his roles at NETGEAR and its Board but will continue as a strategic advisor until July 2024 to ensure a smooth transition.
Charles (CJ) Prober, a distinguished figure in the technology industry, has been named as his successor and will join the NETGEAR Board of Directors with immediate effect.
Celebrating Patrick Lo’s Legacy
Thomas H. Waechter, the Lead Independent Director at NETGEAR, highlighted Lo’s pivotal role in the company’s growth over nearly three decades. As a co-founder, Lo’s efforts in advancing connectivity solutions have significantly influenced NETGEAR’s direction and success. Waechter expressed the Board’s confidence in Prober’s leadership to navigate the company into its next innovative phase.
Lo reflected on the foundational years of NETGEAR, emphasizing the company’s ongoing commitment to leading the industry with groundbreaking networking technologies. He expressed enthusiasm for NETGEAR’s future prospects under new leadership.
CJ Prober: A Vision for Future Success
Following an extensive 12-month search, the NETGEAR Board selected Prober, a leader with a proven track record in consumer electronics, software, and subscription services. Prober’s unanimous approval by the Board underscores his alignment with NETGEAR’s strategic goals.
Prober’s career spans several high-profile positions, including President of Life360, CEO of Tile, COO at GoPro, and SVP of Digital Publishing at Electronic Arts (EA). He also served as a consultant at McKinsey & Company. His contributions have led to significant growth and transformation in his previous roles, demonstrating his capability to add value to NETGEAR’s operations, customer satisfaction, and investor relations.
In his statement, Prober expressed his admiration for NETGEAR’s innovative edge and committed to driving forward the company’s legacy of delivering exceptional products and services. He looks forward to collaborating with the NETGEAR team to build on its history of innovation and to create value for stakeholders.
News source: https://www.netgear.com/
