The latest announcement is out from iRobot (IRBT).
iRobot Corporation is set to welcome Gary S. Cohen as its new President and CEO from May 6, 2024, with an expected addition to the Board post the annual stockholders’ meeting. A seasoned executive with over 25 years of experience, Cohen has led major companies like Qualitor Automotive and Timex, bringing a wealth of leadership and turnaround expertise. His compensation package includes a $700,000 base salary, potential bonuses up to 200% of that salary, and significant equity awards, with robust severance terms and restrictive covenants to safeguard the company’s interests.
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