NETGEAR will see a transition at the top. The company announced that Patrick C.S. Lo, current chief executive officer and chairman of the board, is retiring from his position at NETGEAR and from the company’s Board and will be succeeded by Charles (CJ) Prober, a senior technology executive, to succeed him effective immediately. Lo will remain as a strategic advisor to support a seamless leadership transition through July 2024 and Prober will also join NETGEAR’s Board of Directors.
“As co-founder of NETGEAR, and leader for nearly three decades, it goes without saying that Patrick Lo’s impact on the company is undeniable," said Thomas H. Waechter, NETGEAR lead independent director. "His vision for delivering the future of connectivity through advanced networking products and solutions has shaped who we are as a company, and we celebrate all he has accomplished. CJ has the full confidence of the Board. We look forward to working with him and the NETGEAR leadership team to take the company forward for its next phase of innovation.”
