Netgear appoints Charles Prober as new CEO, co-founder Patrick Lo to retire

Netgear, a global networking company, has announced that the Patrick C. S. Lo, the current Chief Executive Officer and Chairman of the board, is retiring from his position. Taking his place immediately is Charles (CJ) Prober, who will also join the company's Board of Directors. 

Lo will continue to serve as a strategic advisor to facilitate a smooth transition in leadership until July 2024, the company said. 

The selection of Prober comes after an extensive 12-month search by the Netgear Board for a successor with deep experience in consumer electronics, software, and subscription services. Prober's appointment has received unanimous support from the Board, as he meets all the criteria necessary for Netgear’s future success in the consumer and business networking industry, the company said. 

“As co-founder of Netgear, and leader for nearly three decades, it goes without saying that Patrick Lo’s impact on the company is undeniable. His vision for delivering the future of connectivity through advanced networking products and solutions has shaped who we are as a company, and we celebrate all he has accomplished,” said Thomas H. Waechter, Netgear Lead Independent Director. “CJ has the full confidence of the Board. We look forward to working with him and the Netgear leadership team to take the company forward for its next phase of innovation.”

Prober brings a wealth of experience to his new role, having held key positions at prominent consumer and technology brands. His track record includes driving growth and innovation at companies like Life360, Tile (acquired by Life360), GoPro, and Electronic Arts (EA). Prober’s expertise in managing large teams and global businesses underscores his ability to deliver value to customers, investors, and employees. 

Currently, Prober serves on the Board of Directors of Life360 and Glorious Gaming. He is credited with driving subscription and revenue growth at various companies, including Life360, Tile, and GoPro. Notably, his role in EA’s transformation from a packaged software company to a digital services powerhouse significantly increased shareholder value during his tenure.