NETGEAR® Announces Retirement of John McHugh; Names Vikram Mehta His Successor
November 19 2019 - 4:05PM
NETGEAR, Inc. (NASDAQ: NTGR), the industry’s leading provider of
leading-edge networking products for the home and
office, today announced that John McHugh, its Senior Vice
President, SMB Products and Services, plans to retire from the
Company at the end of 2019. NETGEAR also named Vikram Mehta
as Mr. McHugh’s successor, and plans to appoint Mr. Mehta Senior
Vice President, SMB Products and Services effective as of January
2, 2020.
Mr. McHugh has been the leader of the Company’s
SMB business over the last seven years, and will remain in his
current role with the Company to ensure a smooth transition to Mr.
Mehta.
Mr. Mehta previously served as CEO and President
of Blade Network Technologies, which was acquired by IBM.
Prior to Blade, Mr. Mehta held senior roles at Nortel Networks,
Alteon WebSystems, Ensim and HP.
“I want to thank John for seven years of
outstanding service and devotion to NETGEAR,” said Patrick Lo,
Chairman and Chief Executive Officer of NETGEAR. “John has
overseen the substantial transformation of the SMB business,
driving the move to PoE and cloud managed switching, launching the
Insight platform and Orbi Pro, and most recently, positioning
NETGEAR as a strong leader in the Pro-AV market with the success of
the M4300 family and integrated SDVoE modules. We wish John a
fulfilling and enjoyable retirement with plenty of time to spend
with his loved ones.”
“At the same time,” Mr. Lo continued, “we are
pleased to name Vikram Mehta as John’s successor and the
new Senior Vice President, SMB Products and Services. Vikram
has already been working with us in a consulting capacity for the
past four months and during that time has focused his time and
effort on growing the Pro-AV business, forging alliances and bonds
with the leading players in that ecosystem. Vikram has a
proven track record in the industry, and we look forward to him
taking the SMB business to the next level.”
About NETGEAR, Inc.NETGEAR®
(NASDAQ: NTGR) has pioneered advanced networking technologies for
homes, businesses, and service providers around the world since
1996 and leads the industry with a broad range of award-winning
products designed to simplify and improve people’s lives. By
enabling people to collaborate and connect to a world of
information and entertainment, NETGEAR is dedicated to delivering
innovative and advanced connected solutions ranging
from mobile and cloud-based services for enhanced control and
security, to smart networking products, video over Ethernet for Pro
AV applications, and performance gaming routers to enhance online
game play. The company is headquartered out of San Jose,
Calif. with offices located around the globe. More information
is available from the NETGEAR Investor Page or by calling
(408) 907-8000. Connect with
NETGEAR: Twitter, Facebook, Instagram and
the NETGEAR blog at NETGEAR.com.
© 2019 NETGEAR, Inc. NETGEAR and the NETGEAR
logo are trademarks or registered trademarks of NETGEAR, Inc. and
its affiliates in the United States and/or other countries. Other
brand and product names are trademarks or registered trademarks of
their respective holders. The information contained herein is
subject to change without notice. NETGEAR shall not be liable for
technical or editorial errors or omissions contained herein.
All rights reserved.
Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995 for NETGEAR, 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 NETGEAR's business and
the expected performance characteristics, specifications,
reliability, market acceptance, market growth, specific uses, user
feedback and market position of NETGEAR'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 NETGEAR'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 NETGEAR's products; the ability of NETGEAR 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 NETGEAR and its business are detailed in
the Company's periodic filings with the Securities and Exchange
Commission. NETGEAR 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.
Contact:NETGEAR Investor
RelationsErik Bylininvestors@netgear.com
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