Summary by Futu AI
On August 12, 2024, iRobot Corporation, known for its consumer robots, announced the appointment of Michael J. Loparco to its board of directors. Loparco, with over 25 years of experience in global technology leadership, including consumer products and smart home innovation, was appointed as a Class I director following the recommendation of the Nominating and Corporate Governance Committee. His previous roles include CEO of Symbotic and leadership positions at Jabil Inc. Loparco will also serve on the compensation and talent committee and will receive a pro rata portion of the annual grant of restricted stock units for non-employee directors under the company's 2018 Stock Option and Incentive Plan. The company issued a press release on the same day to announce his election to the board. Loparco's appointment is expected to bring valuable experience to iRobot as it continues to progress on its transformation and strategic initiatives.