iRobot Appoints Gary Cohen as CEO Amid Strategic Overhaul

Gary Cohen takes the helm at iRobot, tasked with revitalizing the company after a failed Amazon acquisition and significant layoffs.

Gary Cohen, former Timex CEO, succeeds Colin Angle to lead iRobot through a critical restructuring phase.
iRobot, known for its Roomba vacuums, faces stiff competition and struggles to diversify its product range.
The company forecasts a hopeful revenue of $837.5 million for 2024, surpassing analyst expectations.
Recent layoffs and leadership changes mark a new direction as iRobot aims to return to profitable growth.
Cohen's background in leading major consumer brands through tough times is seen as vital for iRobot's future.