iRobot Names Dean CFO, Increases 1Q Expectations Mar 12, 2013

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iRobot Corp., maker of home appliance robots and defense robots, appointed Alison Dean executive vice president and chief financial officer. She begins her new position on April 5, 2013 and will report to iRobot CEO Colin Angle.

Dean (pictured) succeeds John Leahy, who is stepping down after four years to join a late-stage private company.

Dean, has 25 years of experience in finance and joined iRobot in 2005, prior to its public offering, to prepare the company for the public market. Since that time she has been responsible for investor relations, company-wide financial planning, accounting, and SEC reporting. Dean held the position of principal accounting officer and has been responsible for evaluating the company's investment decisions, including acquisition targets.

Prior to iRobot, Dean held senior positions at 3Com Corporation, including serving as corporate controller. She holds a B.A. in Business Economics from Brown University and an M.B.A. from Boston University.

Increasing 1Q 2013 Expectations

"Based on strong quarterly results to date in both our Home Robot and Defense & Security business units, iRobot is increasing our expectations for the first quarter of fiscal 2013," said Angle. "We now expect revenue of $102 to $104 million, earnings per share of $0.16 to $0.20 and Adjusted EBITDA of $10 to $12 million. Strong sell through both domestically and overseas is driving sales of our home robots and our strong Q1 backlog in Defense & Security gives us confidence in achieving these expectations."

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