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iRobot COO resigning as part of management shakeup

  • 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).
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