Arlo Unveils Changes in Executive Leadership to Drive Growth and Further Expand Services

Arlo Technologies, Inc. (NYSE: ARLO), a leading smart home security brand, announced today that Gordon Mattingly, Chief Financial Officer of Arlo, will resign from his role, effective September 21, 2022, and Kurt Binder, CalAmp Corporation’s current Executive Vice President and Chief Financial Officer, will take over as Arlo’s Chief Financial Officer following Mr. Mattingly’s departure, effective September 26, 2022.

Mr. Binder has spent the majority of his career in financial leadership positions, including most recently as executive vice president and chief financial officer of CalAmp Corporation, a publicly traded provider of Internet of things (IoT) software applications, cloud services, data intelligence, and telematics products and services. Prior to CalAmp, Mr. Binder held significant leadership positions in finance and business management having worked extensively with multinational technology companies across Europe, Asia, Latin America, and the U.S., including as chief financial officer of VIZIO, Inc., a global consumer electronics company, where he led VIZIO’s accounting and finance, human resources and business planning teams. While at VIZIO Mr. Binder was honored by the Orange County Business Journal as “CFO of the Year” (2015). Prior to joining VIZIO in 2010, Mr. Binder was a coordinating partner in the assurance practice of Ernst & Young, LLP, where he gained over 10 years of experience advising complex multinational companies across the globe. Mr. Binder began his career with Price Waterhouse and holds a BBA in accounting and an MBA in finance, both from Loyola University Maryland.

“Arlo is uniquely positioned to utilize its best-in-class technology and cloud services platform to bring peace of mind to homes and small businesses,” said Mr. Binder. “I am excited to join the leadership team and leverage my IoT and SaaS background to accelerate the execution of Arlo’s long-range plan and maximize shareholder value creation. My interactions with the management team and board throughout this process have reinforced my own view of Arlo’s innovation, disciplined execution, and dynamic culture. I look forward to bringing my experiences and leadership capabilities to assist Arlo in achieving its long-term growth objectives.”

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“Arlo could not have found a better fit to take over the CFO role as Kurt brings extensive experience in every facet of our business from electronic component supply chains, retail channel execution, and hardware devices to cloud platforms, data monetization, SaaS business models and accelerating subscription revenues. He led a similar business transition at CalAmp while showing a keen focus on operational costs and exceptional engagement with the investor community,” said Matthew McRae, Chief Executive Officer. “At the same time, we are saying goodbye to Gordon who has been with NETGEAR and Arlo for 19 years and was instrumental in transforming Arlo into a true services-first company. He built a strong, experienced team and excellent processes that will endure. I wish him success in his future endeavors as we also look forward with excitement to Kurt filling his role and helping us reach another level of success.”

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