Tag: Naren Gursahaney
ADT Canada's new president starts today
January 11, 2015SSN Staff
BOCA RATON, Fla.—Andrea Martin begins her new job as president, ADT Canada today. ADT, based here, announced Martin's appointment to this newly created role on Jan. 8.
Charged with accelerating growth in the Canadian market, ADT said that Martin will also lead the integration of ADT Canada and Protectron. ADT acquired Protectron last July.
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Martin will be based in Montreal and report directly to ADT president and CEO Naren Gursahaney.
“Andrea has extensive experience managing...
ADT and Google-Nest? No big 'surprise'
January 7, 2015Amy Canfield
ADT CEO Naren Gursahaney announced during an interview with Forbes magazine last month that ADT is “working feverishly to develop” a partnership with Google-Nest.
Despite that pronouncement in the national magazine, ADT since has been mum on the potential partnership. It told Security Systems News and other publications that basically, at any given time, it is in regular conversations with a number of tech companies about potential partnerships.
There is nothing to report at this time,...
ADT to acquire Protectron for $500 million
April 30, 2014Leif Kothe
BOCA RATON, Fla.—In what will be its largest acquisition as an independent company, ADT has agreed to acquire Canada-based monitoring giant Protectron in a $500 million deal, giving the company another 400,000 customers north of the border. It adds 31,000 accounts, worth approximately $11 million in RMR.The deal is subject to government and regulatory approvals and is expected to close this summer.Protectron's customers are 75 percent residential. The company has four central stations and 900...
ADT's new CMO, VP of dealer sales newcomers to industry
March 28, 2014Tess Nacelewicz
BOCA RATON, Fla.—ADT went outside the security space to find its new chief marketing officer and its new vice president of dealer sales. Both new hires say they'll put the skills they honed working in other industries to good use at ADT.Jerri DeVard, who most recently was executive vice president, chief marketing officer of Nokia, was recently appointed senior vice president, chief marketing officer for ADT.She starts her new job on March 31 and succeeds Tony Wells, who ADT said is leaving...
ADT names new CMO
March 25, 2014SSN Staff
BOCA RATON, Fla.—The ADT Corp. announced today that Jerri DeVard has joined the company as senior vice president, chief marketing officer. DeVard, who most recently served as EVP, CMO of Nokia, starts her new job on March 31 and will report directly to Naren Gursahaney, ADT's president and CEO, the company said.
In her new role, DeVard will lead ADT's marketing efforts across the residential, small business, and health business units. According to the company, she will oversee all...
ADT releases Q1 results—and stock price drops
January 30, 2014Tess Nacelewicz
BOCA RATON, Fla.—The ADT Corp. reported Jan. 30 that ADT Pulse take rates and recurring revenue were up in its latest quarter. But customer growth was below expectations in Q1 and net income decreased 27 percent in that period—and ADT's share price tumbled.
Still, company CEO Naren Gursahaney said ADT is taking steps to ensure future growth—such as making improvements to its dealer program and lead generation process; the introduction of a new mobile security app, ADT Canopy;...
ADT gets new CFO
October 15, 2013SSN Staff
BOCA RATON, Fla.—Michael Geltzeiler will join ADT as the company's new chief financial officer, ADT announced this week.
Currently CFO and group executive vice president of NYSE Euronext, Geltzeiler will report to ADT CEO Naren Gursahaney and direct ADT's financial strategy to help the company grow profitably while creating shareholder value, according to an Oct. 14 news release.
“Michael has a proven track record serving as CFO at public companies with subscriber-based revenue models,”...
ADT to acquire Devcon Security for $148 million
July 31, 2013Tess Nacelewicz
BOCA RATON, Fla.—The ADT Corp. announced this morning that it plans to acquire Devcon Security from Golden Gate Capital for $148.5 million. The deal—ADT's first major acquisition since spinning off from Tyco International last fall—brings 117,000 accounts and $3.6 million of RMR. The transaction is expected to close in early August, Naren Gursahaney, ADT CEO, said during an investor call today.
Don Boerema, chief corporate development officer for ADT, which is based here,...
ADT taps former telecom exec as new CIO
June 24, 2013Tess Nacelewicz
BOCA RATON, Fla.—The ADT Corp. recently created a new position—that of chief information officer—and has appointed a former telecom executive to the position.Kathleen McLean, the company's new senior vice president and CIO, started her new job June 3 and is in charge of developing and executing the company's information technology strategy in support of its business operations, the company said. McLean—who most recently was EVP, chief revenue officer and CIO for FairPoint...
ADT's CFO leaving company
April 1, 2013SSN Staff
BOCA RATON, Fla.—Kathryn Mikells, senior vice president and chief financial officer at ADT, is leaving the company in May to become chief financial officer at Xerox, according to an ADT statement.
“We are thankful for Kathy's leadership over the last year as she helped manage our successful transformation into a public company,” Naren Gursahaney, ADT's chief executive officer, said in the statement. “Kathy has been supported by an outstanding finance organization that will...