iRobot COO resigning as part of management shakeup

|About: iRobot Corporation (IRBT)|By:, SA News Editor

iRobot (IRBT -1.9%) COO Jeff Beck is resigning, effective immediately. He'll stay with the company through a transitional period lasting until year's end. No replacement will be hired. (PR)

Beck's resignation is part of an operational shakeup meant to give more authority to CEO Colin Angle, CTO Paolo Pirjanian, and CFO Alison Dean.

iRobot's three business unit leads will now directly report to Angle; Pirjanian will now be in charge of both the robot maker's engineering force and "strategic technology development" (he was previously only in charge of the latter); and Dean will be responsible for iRobot's manufacturing/supply chain ops in addition to its financial/IT ops.

In tandem with the announcement, iRobot is reaffirming its 2013 guidance, as well as its preliminary forecast for mid- to high-teens 2014 revenue growth (consensus is for 13.6% growth).

The shakeup follows a bumpy few months for iRobot. After starting off the year strong, shares have been range-bound due to disappointing earnings news (I, II).