iRobot Corporation has announced the appointment of Gary S. Cohen as the new President and Chief Executive Officer, effective May 6, 2024. Cohen, with over 25 years of executive leadership, succeeds Glen D. Weinstein, who will provide transition services for 60 days post-appointment. Weinstein's severance includes $430,000 and accelerated vesting of equity awards. Cohen's previous roles include CEO positions at Qualitor Automotive and Timex, and leadership positions at Energizer, Playtex, and Gillette. His employment agreement with iRobot includes a $700,000 annual base salary, a bonus target of 100% of his base salary, and significant equity awards, with provisions for severance and benefits under certain termination conditions. The agreement also contains restrictive covenants and an indemnification agreement similar to those for other executive officers.

iRobot Corporation has announced the appointment of Gary S. Cohen as the new President and Chief Executive Officer, effective May 6, 2024. Cohen, with over 25 years of executive leadership, succeeds Glen D. Weinstein, who will provide transition services for 60 days post-appointment. Weinstein's severance includes $430,000 and accelerated vesting of equity awards. Cohen's previous roles include CEO positions at Qualitor Automotive and Timex, and leadership positions at Energizer, Playtex, and Gillette. His employment agreement with iRobot includes a $700,000 annual base salary, a bonus target of 100% of his base salary, and significant equity awards, with provisions for severance and benefits under certain termination conditions. The agreement also contains restrictive covenants and an indemnification agreement similar to those for other executive officers.