iRobot appoints Gary Cohen as CEO

iRobot announced that Gary Cohen will serve as the company’s new CEO, effective immediately. Cohen has more than 25 years of executive leadership and turnaround experience. As iRobot CEO, he will lead the company’s transformational strategy to re-orient toward profitability following a recent operational restructuring. Cohen will be responsible for overseeing all aspects of the company’s business, including innovation, product and commercial strategies, operational excellence, talent, and maintaining a sustainable competitive advantage and consumer-centric brand. Cohen has successfully driven enterprise-wide transformation and brand growth at Fortune 500 and privately held companies in both consumer and B2B segments. He has a history of leading successful turnarounds, most recently at Qualitor Automotive. Prior to Qualitor Automotive, Mr. Cohen served as CEO at Timex, where he led an $800M multi-brand business and global team of 5,000 employees, increasing sales through the development of a new advertising platform as well as a blueprint for product innovation and restructuring of its product portfolio. Mr. Cohen will join iRobot’s board of directors after its annual shareholder meeting on May 23. Andrew Miller will remain as chair. Former interim CEO Glen Weinstein will stay on with the company for 60 days to assist in the leadership transition.