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BEFORD, Mass. - Robot maker iRobot Corp. said Wednesday John J. Leahy will replace Geoffrey Clear as chief financial officer, effective June 9.
| IRBT | 10.87 |  -0.27 |
In a statement, Clear said he will stay as long as needed to ensure a smooth transition.
"My expertise is working with companies that are between $50 and $300 million in revenues and I will be pursuing opportunities with emerging companies of this size," he said.
John J. Leahy was previously chief financial officer at Kean Inc., an IT business consulting and outsourcing services company and worked at PepsiCo for 17 years.
In February, IRobot said it earned $9.1 million, or 36 cents per share, compared with $3.6 million, or 14 cents per share, in the prior year. The company's revenue rose to $249.1 million from $189 million in 2006.
Shares fell 16 cents to close earlier at $16.04, but tumbled $2.02, or 13 percent, to $14.02 in aftermarket electronic trading.
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