SAN JOSE, Calif., Oct. 29, 2018 /PRNewswire/ -- Arlo Technologies, Inc. (NYSE: ARLO), a leading provider of smart connected devices for homes and small businesses, has welcomed Michael Pope and Sean Aggarwal to the company's Board of Directors. Currently, Mr. Pope is Senior Vice President and Chief Financial Officer at Shutterfly, Inc., and Mr. Aggarwal is the former Chief Financial Officer of Trulia, and is currently on the Board of Directors of Lyft, Inc. and Yatra Online, Inc. Both Mr. Pope and Mr. Aggarwal are Silicon Valley veterans, each with over twenty-five years of business experience and successful tenures at the highest levels of public and private companies.
"Mike and Sean are valuable additions to the Arlo Board of Directors," said Matthew McRae, Chief Executive Officer of Arlo. "Mike has a proven track record of profitably growing public and private companies as both a chief financial officer and chief operating officer, and his finance, manufacturing, and operational experience will benefit Arlo as we continue to scale up as a new public company. Meanwhile, Sean is the consummate Silicon Valley leader with valuable strategic insights into both the consumer tech segment and real estate markets that will be invaluable to Arlo as we expand our reach and customer base in the consumer and small business markets in the United States and internationally."
Prior to joining Shutterfly, Mr. Pope was at Clean Power Finance, where he served as chief financial officer. He has also held the positions of chief operating officer and chief financial officer at MarketTools, vice president at BearingPoint, president and chief operating officer at Network General, president and chief executive officer at DigitalThink, and chief financial officer and chairman of the audit committee at Dionex (acquired by Thermo Scientific). Mr. Pope earned an MBA from the Haas School of Business at the University of California, Berkeley and a Bachelor of Arts degree from Stanford University.
Mr. Aggarwal helped take Trulia public in 2012 while CFO, and later in 2015 orchestrated its sale to Zillow for 5x the IPO valuation. Prior to Trulia, Mr. Aggarwal held finance positions at PayPal, eBay, Amazon, PepsiCo and Merrill Lynch Investment Banking. Notably, Mr. Aggarwal was named CFO of the year by Proformative in 2013. He earned an MBA from Northwestern University's Kellogg School of Management and a Bachelor of Arts degree from the College of Wooster.
Mr. Pope said of his appointment, "I am excited at the opportunity to contribute my expertise to the Arlo leadership team at this important stage in the company's history, just after its IPO and during its growth phase as a public company." Impressed by the possibilities of Arlo, Mr. Aggarwal commented, "Arlo is a compelling growth story in the emerging smart home and business IoT market, and I look forward to being an integral part of a company that has such a large opportunity in front of it. I have great respect for Arlo's Board and leadership team, and I look forward to working with them."
About Arlo Technologies, Inc.
Arlo is the award-winning, industry leader that is transforming the way people experience the connected lifestyle. Arlo's deep expertise in product design, wireless connectivity, cloud infrastructure and cutting-edge AI capabilities focuses on delivering a seamless, smart home experience for Arlo users that is easy to setup and interact with every day. The company's cloud-based platform provides users with visibility, insight and a powerful means to help protect and connect in real-time with the people and things that matter most, from any location with a Wi-Fi or a cellular connection. To date, Arlo has launched several categories of award-winning smart connected devices, including wire-free smart Wi-Fi and LTE-enabled cameras, audio doorbells, advanced baby monitors and smart security lights.
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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for Arlo Technologies, Inc.: This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Specifically, statements concerning Arlo's business and the expected performance characteristics, specifications, reliability, market acceptance, market growth, specific uses, user feedback and market position of Arlo's products and technology are forward-looking statements within the meaning of the Safe Harbor. These statements are based on management's current expectations and are subject to certain risks and uncertainties, including, without limitation, the following: the actual price, performance and ease-of-use of Arlo's products may not meet the price, performance and ease-of-use requirements of customers; product performance may be adversely affected by real world operating conditions; failure of products may under certain circumstances cause permanent loss of end user data; new viruses or Internet threats may develop that challenge the effectiveness of security features in Arlo's products; the ability of Arlo to market and sell its products and technology; the impact and pricing of competing products; and the introduction of alternative technological solutions. Further, information on potential risk factors that could affect Arlo and its business are detailed in the Company's periodic filings with the Securities and Exchange Commission. Arlo undertakes no obligation to release publicly any revisions to any forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.