ClearOne Announces Appointment of a New Chairman

Rhea-AI Summary

ClearOne (NASDAQ: CLRO) announced the appointment of Eric L. Robinson as Chairman of the Board, effective February 8, 2022. Robinson replaces Zeynep “Zee” Hakimoglu, who has been a Director since April 2006 and Chairman since July 2007, and will remain a Director. Robinson, who has been with ClearOne since July 2015 and served as legal counsel, expressed optimism about ClearOne’s future in the audio and visual communication solutions market. This leadership change marks a significant transition for the company as it aims for increased dominance in the sector.

Positive

• Eric L. Robinson's appointment as Chairman may bring fresh perspectives and strengthen leadership.
• The transition occurs during a promising time for the audio and visual market.

Negative

• Zeynep Hakimoglu's long tenure raises concerns about continuity and potential experience gaps.

SALT LAKE CITY--(BUSINESS WIRE)-- ClearOne (NASDAQ: CLRO), a global provider of audio and visual communication solutions, announced that effective February 8, 2022 Eric L. Robinson was appointed by the Board of Directors to serve as Chairman of the Board.

Mr. Robinson replaces Zeynep “Zee” Hakimoglu, who has served as a Director since April 2006 and as Chairman since July 2007. Ms. Hakimoglu will remain as a Director following this orderly transition.

Mr. Robinson has been serving as a Director of ClearOne since July 2015 and he previously served as outside corporate and securities legal counsel to the Company. On his appointment, Mr. Robinson said “this is an exciting time in the audio and visual communication solutions market and we believe that ClearOne is poised to become an increasing dominant force in this sector. I would like to thank Zee for her leadership as Chairman over the past fifteen years and look forward to continuing to work with Zee in her continuing roles as President, CEO and as a Director.”

About ClearOne

ClearOne is a global market leader enabling conferencing, collaboration, and network streaming solutions. The performance and simplicity of its advanced, comprehensive solutions offer unprecedented levels of functionality, reliability, and scalability. Visit ClearOne at www.clearone.com.

Forward Looking Statements

This release contains “forward-looking” statements that are based on present circumstances and on ClearOne’s predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements and any statements of the plans and objectives of management for future operations and forecasts of future growth and value and the possible outcomes of litigation, are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements. Such forward-looking statements are made only as of the date of this release and ClearOne assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. The information in this press release should be read in conjunction with the periodic reports on Form 10-Q and 10-K filed by ClearOne from time to time with the Securities and Exchange Commission (the “SEC”) and all of ClearOne’s other public filings with the SEC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220211005521/en/

Investor Relations

Brent Johnson

801-975-7200

investor_relations@clearone.com

http://investors.clearone.com

Source: ClearOne

FAQ

Who is the new Chairman of ClearOne as of February 2022?

Eric L. Robinson was appointed as the new Chairman of ClearOne effective February 8, 2022.

What position did Zeynep Hakimoglu hold at ClearOne before Eric Robinson?

Zeynep Hakimoglu served as Chairman of the Board since July 2007.

What is Eric Robinson's background with ClearOne?

Eric Robinson has been a Director since July 2015 and previously served as outside legal counsel for the company.

What are the implications of the leadership change for ClearOne?

The leadership change may offer new perspectives while raising concerns about continuity due to Hakimoglu's long tenure.