ADT Appoints Benjamin Honig to the Company’s Board of Directors
ADT Inc. (NYSE: ADT) has appointed Benjamin Honig to its board of directors, effective immediately, with a term ending at the 2024 annual meeting. Honig, a seasoned investor with Temasek since 2013, replaces David Ryan. His experience in technology and consumer services is anticipated to enhance ADT's strategic direction, particularly in its expansion into the residential solar energy market. ADT's Chairman, Marc Becker, expressed optimism about the fresh perspectives Honig will bring to the board amidst the company’s growth initiatives.
- Appointment of Benjamin Honig to the board expected to bring new perspectives and enhance strategic growth.
- Honig's investment background aligns with ADT's expansion into the residential solar energy market.
- Replacement of David Ryan may raise concerns about continuity on the board.
BOCA RATON, Fla., April 11, 2022 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE: ADT), the most trusted brand in smart home and small business security, today announced the appointment of Benjamin Honig to the company’s board of directors as a class I director with a term expiring at the 2024 annual meeting.
“We are pleased to welcome Ben to our board of directors,” said ADT’s Chairman, Marc Becker. “His background investing in technology and consumer service companies, combined with board experience, will bring new perspectives to our board and benefit the company as ADT grows its safe, smart and sustainable customer solutions.”
“I am thrilled to be joining the board of ADT,” Honig said. “The company’s rapid innovation, expansion into the growing residential solar energy market and growing portfolio of customer-focused solutions provides an exciting advantage for this iconic company.”
Honig was designated by Temasek and will replace David Ryan as their designee. Honig has worked with Temasek since 2013, investing in technology, media, healthcare and business services companies. Prior to Temasek, he was an investment banker with the mergers and acquisitions department of Credit Suisse.
About ADT
ADT provides safe, smart and sustainable solutions for people, homes and businesses. Through innovative products, partnerships and the largest network of smart home security professionals in the United States, we empower people to protect and connect to what matters most. For more information, visit www.adt.com.
FORWARD-LOOKING STATEMENTS
ADT has made statements in this press release that are forward-looking and therefore subject to risks and uncertainties. All statements, other than statements of historical fact, included in this press release are, or could be, “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and are made in reliance on the safe harbor protections provided thereunder. Any forward-looking statement made in this press release speaks only as of the date on which it is made. ADT undertakes no obligation to publicly update or revise any forward-looking statement. Forward-looking statements are based on management’s current beliefs and assumptions and on information currently available to management. ADT cautions that these statements are subject to risks and uncertainties, many of which are outside of ADT’s control, and could cause future events or results to be materially different from those stated or implied in this press release.
Media and Investor Contacts:
ADT Investor Relations
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Tel: 888-238-8525
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