IRobot names Paul Sagan, chief executive of Akamai Technologies, to board of directors
By APWednesday, February 3, 2010
IRobot names Akamai CEO to its board
BEDFORD, Mass. — IRobot Corp., which makes military robots and consumer home-cleaning robots such as the Roomba, said Wednesday it has added Paul Sagan, CEO of Akamai Technologies Inc., to its board.
That increases the number of iRobot board members to 10 from nine, the company said in a filing with the Securities and Exchange Commission. Sagan will be awarded a stock option grant to purchase 40,000 shares.
Sagan, 50, has been CEO of the Web content delivery technology provider since 2005. He has served as Akamai’s president since 1999.
Previously, Sagan has been an adviser to the World Economic Forum and worked as an executive for Time Warner Cable, Time Inc. and CBS Inc.
Sagan also serves on the board of EMC Corp.
Shares of iRobot fell 37 cents, or 2.3 percent, to $15.81 in afternoon trading.
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