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Poly Appoints Grant Hoffman as Chief Supply Chain Officer

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Poly (NYSE: PLT) has appointed Grant Hoffman as the new Executive Vice President and Chief Supply Chain Officer, effective January 28, 2021. He replaces Alejandro Bustamante, who is retiring after 26 years but will serve as an advisor until August 2021. Hoffman brings extensive experience from Lenovo Mobile and Motorola, and his expertise is expected to support Poly's strategic product expansion given the rising demand for video conferencing technology.

Positive
  • Grant Hoffman's extensive supply chain experience is expected to positively impact product expansion.
  • Hoffman has a strong background in global consumer electronics, enhancing Poly's operational capabilities.
Negative
  • Transitioning leadership may lead to initial disruptions in supply chain operations.

SANTA CRUZ, Calif., Jan. 11, 2021 /PRNewswire/ -- Poly (NYSE: PLT) announced today that Grant Hoffman has joined Poly as Executive Vice President, Chief Supply Chain Officer, replacing Alejandro Bustamante, who has announced his retirement after 26 years with Poly. Bustamante will serve as an advisor to Chief Executive Officer and President, Dave Shull, until at least August 2021.  Hoffman joins Poly on January 28, 2021.

"Grant brings critical expertise at a time when we're seeing record demand for professional grade video devices and headsets. His demonstrated success in supply chain and life cycle management for global consumer electronics companies will be instrumental as we prepare for strategic product expansion in the coming year," said Dave Shull.

Prior to joining Poly, Hoffman was the vice president and head of supply chain at Lenovo Mobile, a Gartner-recognized top 15 global supply chain, which Lenovo acquired from Google.  Hoffman is a recognized COVID-19 response leader. Prior to his work at Lenovo, he was vice president of operations at Motorola, and opened the first smartphone manufacturing facility in the United States. Hoffman serves on the Board of Advisors at the Institute of Business Forecasting (IBF), and as an advisor to both the University of Wisconsin Erdman Center for Operations Management and Northern Illinois University's Operations Management department. 

"Poly is at a pivotal moment in its growth trajectory and its product innovation, given the increased investments companies are making in technology due to work from anywhere trends," said Grant Hoffman. "I look forward to working with the executive team to support Poly's global expansion."  

Hoffman holds a bachelor's degree in Business Management and an MBA from Northern Illinois University.

About Poly
Poly (NYSE: PLT) creates premium audio and video products so you can have your best meeting -- anywhere, anytime, every time. Our headsets, video and audio-conferencing products, desk phones, analytics software and services are beautifully designed and engineered to connect people with incredible clarity. They're pro-grade, easy to use and work seamlessly with all the best video and audio conferencing services. With Poly (Plantronics, Inc. – formerly Plantronics and Polycom), you'll do more than just show up, you'll stand out. For more information visit www.Poly.com.

Poly, the propeller design, and the Poly logo are trademarks of Plantronics, Inc. All other trademarks are the property of their respective owners.

Investor Relations: 
Mike Iburg 
Vice President, IR 
+1 (831) 458-7533 
Mike.iburg@poly.com

Media Contact:
Shannon Shamoon
PR Manager
+1 (831) 201-9142
Shannon.Shamoon@poly.com

 

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SOURCE Poly

FAQ

Who is the new Chief Supply Chain Officer at Poly?

Grant Hoffman has been appointed as the new Chief Supply Chain Officer.

What was the reason for Alejandro Bustamante's departure from Poly?

Alejandro Bustamante is retiring after 26 years with Poly.

When will Grant Hoffman officially start at Poly?

Grant Hoffman will officially start at Poly on January 28, 2021.

How is Grant Hoffman's experience relevant to Poly's future?

His experience in supply chain management at Lenovo and Motorola will aid Poly's product expansion efforts.

What implications does the leadership change have for Poly's stock (PLT)?

The leadership change may impact investor confidence and operational stability in the short term.

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