Universal Electronics Inc. Announces CEO Paul Arling to Retire
Universal Electronics Inc. (UEIC), the global leader in wireless universal control solutions, announced that CEO Paul Arling will retire on April 30, 2025. Arling will serve as a consultant until June 30, 2025, and remain on the board through his term ending at the 2025 Annual Meeting of Shareholders.
The company is conducting an extensive executive search, considering both internal and external candidates. Lead Independent Director Bill Mulligan credited Arling's nearly three-decade leadership for transforming UEI from a basic remote manufacturer to the global wireless device control leader. Arling's tenure saw the development of over 150 patents under his name.
The company has also confirmed its previously issued financial guidance for Q1 2025, as announced on February 20, 2025.
Universal Electronics Inc. (UEIC), leader globale nelle soluzioni di controllo universale wireless, ha annunciato che il CEO Paul Arling si ritirerà il 30 aprile 2025. Arling continuerà a lavorare come consulente fino al 30 giugno 2025 e rimarrà nel consiglio di amministrazione fino alla conclusione del suo mandato nell'Assemblea Annuale degli Azionisti del 2025.
L'azienda sta conducendo una vasta ricerca di dirigenti, considerando sia candidati interni che esterni. Il Direttore Indipendente Capo Bill Mulligan ha riconosciuto la leadership di quasi tre decenni di Arling per aver trasformato UEI da un semplice produttore di telecomandi al leader globale nel controllo dei dispositivi wireless. Durante il mandato di Arling sono stati sviluppati oltre 150 brevetti a suo nome.
L'azienda ha inoltre confermato le previsioni finanziarie precedentemente emesse per il primo trimestre del 2025, come annunciato il 20 febbraio 2025.
Universal Electronics Inc. (UEIC), líder global en soluciones de control universal inalámbrico, anunció que el CEO Paul Arling se retirará el 30 de abril de 2025. Arling trabajará como consultor hasta el 30 de junio de 2025 y permanecerá en la junta hasta que termine su mandato en la Junta Anual de Accionistas de 2025.
La empresa está llevando a cabo una amplia búsqueda de ejecutivos, considerando tanto candidatos internos como externos. El Director Independiente Principal Bill Mulligan acreditó a Arling por su liderazgo de casi tres décadas, que transformó a UEI de un fabricante básico de controles remotos al líder global en el control de dispositivos inalámbricos. Durante el mandato de Arling, se desarrollaron más de 150 patentes a su nombre.
La empresa también ha confirmado su guía financiera previamente emitida para el primer trimestre de 2025, como se anunció el 20 de febrero de 2025.
유니버설 일렉트로닉스 Inc. (UEIC), 무선 범용 제어 솔루션의 글로벌 리더, CEO 폴 아를링이 은퇴할 것이라고 발표했습니다 2025년 4월 30일. 아를링은 2025년 6월 30일까지 컨설턴트로 활동하며, 2025년 주주 연례 회의에서 임기가 끝날 때까지 이사회에 남아 있을 것입니다.
회사는 내부 및 외부 후보자를 모두 고려하여 광범위한 경영진 검색을 진행하고 있습니다. 수석 독립 이사인 빌 멀리건은 아를링의 거의 30년 간의 리더십이 UEI를 기본 리모컨 제조업체에서 글로벌 무선 장치 제어 리더로 변화시킨 데 기여했다고 평가했습니다. 아를링의 재임 기간 동안 그의 이름으로 150개 이상의 특허가 개발되었습니다.
회사는 또한 2025년 2월 20일에 발표된 바와 같이 2025년 1분기에 대한 이전 재무 지침을 확인했습니다.
Universal Electronics Inc. (UEIC), leader mondial des solutions de contrôle universel sans fil, a annoncé que le PDG Paul Arling prendra sa retraite le 30 avril 2025. Arling continuera à travailler en tant que consultant jusqu'au 30 juin 2025 et restera au conseil d'administration jusqu'à la fin de son mandat lors de l'Assemblée Générale Annuelle des Actionnaires de 2025.
L'entreprise mène une recherche approfondie pour des cadres, en considérant à la fois des candidats internes et externes. Le Directeur Indépendant Principal Bill Mulligan a salué le leadership d'Arling pendant près de trois décennies pour avoir transformé UEI d'un simple fabricant de télécommandes au leader mondial du contrôle des dispositifs sans fil. Sous le mandat d'Arling, plus de 150 brevets ont été développés à son nom.
L'entreprise a également confirmé ses prévisions financières précédemment émises pour le premier trimestre de 2025, comme annoncé le 20 février 2025.
Universal Electronics Inc. (UEIC), der globale Marktführer für drahtlose universelle Steuerungslösungen, gab bekannt, dass CEO Paul Arling am 30. April 2025 in den Ruhestand gehen wird. Arling wird bis zum 30. Juni 2025 als Berater tätig sein und bis zum Ende seiner Amtszeit bei der Hauptversammlung der Aktionäre 2025 im Vorstand bleiben.
Das Unternehmen führt eine umfassende Suche nach Führungskräften durch und berücksichtigt sowohl interne als auch externe Kandidaten. Der leitende unabhängige Direktor Bill Mulligan würdigte Arlings fast drei Jahrzehnte währende Führung, die UEI von einem einfachen Fernbedienungshersteller zum globalen Marktführer für drahtlose Gerätesteuerung transformierte. Während Arlings Amtszeit wurden über 150 Patente auf seinen Namen entwickelt.
Das Unternehmen hat auch seine zuvor veröffentlichten finanziellen Prognosen für das erste Quartal 2025 bestätigt, wie am 20. Februar 2025 angekündigt.
- Company reaffirmed Q1 2025 financial guidance
- Structured leadership transition with CEO remaining as consultant and board member
- Strong patent portfolio with over 150 patents under retiring CEO's name
- Loss of long-term CEO with nearly three decades of experience
- Uncertainty during leadership transition period
Confirms Prior Guidance
Lead Independent Director of the Board of Universal Electronics Bill Mulligan stated, “We thank Paul for his leadership, innovation and passion for nearly three decades. During that time, he elevated UEI from manufacturing basic TV/set-top box remotes to becoming the global wireless device control leader. With over 150 patents issued and pending himself, Paul fostered a creative environment that yielded breakthrough technology. Those breakthroughs combined with a dedication to customer service cultivated numerous relationships with industry leaders. Today, UEI is the market leader for wireless control in home entertainment and is gaining traction in the Connected Home.”
Arling added, “I am proud of UEI, of our employees, of our customer service and of our industry leading solutions. I look forward to our strong executive team continuing our transition into new markets and helping to position UEI to become even stronger.”
The Company also confirmed its previously issued financial guidance for the first quarter ended March 31, 2025, which was set forth in its earnings announcement press release on February 20, 2025.
About Universal Electronics
Universal Electronics Inc. (NASDAQ: UEIC) is the global leader in universal wireless control solutions for the home. The company brings to life millions of innovative control products each year that focus on a user-centric approach to designing and creating solutions and applications that simplify user interaction with highly complex technologies in the home and removing interoperability challenges as a roadblock for user adoption, with a privacy first and secure by design approach to today’s smart devices. For more information, visit www.uei.com.
Forward-looking Statements
This press release and accompanying schedules contain "forward-looking statements" within the meaning of federal securities laws, including the Company’s confirmation of previously issued financial guidance and the anticipated financial results contained within that guidance; and similar statements concerning anticipated future events and expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to numerous risks and uncertainties, including those we identify below and other risk factors that we identify in our annual report on Form 10-K for the year ended December 31, 2024 and the periodic reports filed and furnished since then.
Risks that could affect forward-looking statements in this press release include: our continued ability to timely develop and deliver innovative control solutions and technologies that are accepted by our customers, both near- and long-term; our ability to attract new customers and to successfully capture sales in all markets we serve, including in the climate control and connected home markets as anticipated by management; our ability to continue optimizing our manufacturing footprint and realize the lower concentration risks as expected by management; our ability to maintain our market share in the traditional subscription broadcast market; our ability to manage through the worldwide inflationary pressures and macroeconomic conditions; our ability to continue to manage our business, inventories and cash flows to achieve our net sales, margins and earnings through financial discipline, operational efficiency, product line management, liquidity requirements, capital expenditures and other investment spending expectations; our continued ability to successfully enforce our patented technology, including with respect to our litigation against Roku; our continued ability to strategically enhance, expand, and monetize our IP portfolios; the continued fluctuation in our market capitalization; the use of artificial intelligence applications which could result in cybersecurity incidents that implicate the personal data of end users or other unintended ethical, reputational, competitive harm or legal liability; the direct and indirect impact we may experience with respect to our business and financial results and management’s ability to anticipate and mitigate the impact stemming from the continued economic uncertainty affecting consumers’ confidence and spending, natural disasters or other events beyond our control, public health crises (including an outbreak of infectious disease), governmental actions, including the changes in or enhanced use of laws, regulations and policies may have on our business including the impact of decreased governmental incentive programs worldwide or of enhanced or expanded trade regulations, including the expanded use of tariffs, pertaining to importation of our products, the effects of political unrest, war, terrorist activities, or other hostilities; the effects and uncertainties and other factors more fully described in our reports filed with the SEC. Since it is not possible to predict or identify all of the risks, uncertainties and other factors that may affect future results, the above list should not be considered a complete list. Further, any of these factors could cause actual results to differ materially from the expectations we express or imply in this press release. We make these forward-looking statements as of March 21, 2025, and we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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UEI: Bryan Hackworth, CFO, UEI, investors@uei.com 480-530-3000
Investors: Kirsten Chapman, Alliance Advisors, ueiinvestor@allianceadvisors.com, 415-433-3777
Source: Universal Electronics Inc.
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