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New CFO and Board Member will respectively direct the financial strategy and carry public firm encounter in the Company’s future chapter as it prepares to go public
LEHI, Utah–(Enterprise WIRE)–
Owlet Infant Care Inc. (“Owlet” or the “Company”), the connected nursery ecosystem that provides information-driven engineering to modern day parenting, is psyched to announce the addition of two seasoned leaders in finance. Kate Scolnick has been appointed Main Economic Officer and Laura Durr joins as a new member of the Company’s Board of Administrators. Both of those offer beneficial operational and strategic insight in finance and tactic as the Firm prepares to go community.
“Kate and Laura are the best, dynamic finance duo Owlet requires as we enter this next fascinating chapter for the Organization,” mentioned Kurt Workman, CEO and founder of Owlet. “I am thrilled to welcome them to the group. I am grateful for the deep knowledge and monetary prowess they provide to Owlet. From major big worldwide enlargement at publicly traded corporations, Kate and Laura will deliver worthwhile practical experience and insight, and I’m psyched to see them assist us expand at Owlet.”
“As we enter this new chapter for the Business, it is required to have a group of founded industry experts to bolster our finance activities to even more progress the development of the brand,” Workman ongoing. “Like other folks at Owlet, Kate and Laura also convey the unique knowledge of currently being mom and dad by themselves and this deep being familiar with of parenthood will be a must have as we keep on to perform to reimagine infant health, starting at household.”
Scolnick brings 3 decades of worldwide money administration knowledge to Owlet. She previously served as Vice President of Finance at business cloud application firm Anaplan, which went community in 2018. At Anaplan, Scolnick oversaw company monetary planning and examination, world-wide income finance, and world procurement. She has an substantial tech background from her other former positions at Seagate Know-how, Intel, McAfee and EMC. In her new purpose, Scolnick will direct the Company’s economical tactic and oversee its finance and accounting functions as it transitions to getting a general public corporation and focuses on continuing its enlargement throughout Europe and all-around the planet.
Owlet will also be guided in this following chapter by Laura Durr, who has joined its Board of Directors and will direct the audit committee. Formerly, Durr served as the Govt Vice President and CFO of Polycom and held many other monetary leadership roles at PricewaterhouseCoopers, Lucent Technologies and Intercontinental Network Companies. Durr presently serves on the board of administrators at Netgear and Xperi Keeping Corporation. Her skills will be a must have to Owlet as the Organization transitions to becoming a publicly traded entity.
In February 2021, Owlet entered a definitive merger arrangement with Sandbridge Acquisition Company (NYSE: SBG) (“Sandbridge”), a exclusive purpose acquisition enterprise. Upon completion of the transaction, Ken Suslow and Domenico De Sole, members of the Board of Directors of Sandbridge, are expected to join Durr, Zane Burke, Lior Susan, Amy McCollough, Kurt Workman and Michael Abbott on the Board of Directors of the publish-mixture corporation.
For a lot more data about Owlet Little one Care, be sure to take a look at https://owletcare.com/.
About Owlet Infant Treatment
Owlet Baby Treatment was launched by a group of moms and dads in 2012. Owlet’s mission is to empower dad and mom with the appropriate information and facts at the suitable time, to give them far more peace of head, and assistance them discover a lot more pleasure in the journey of parenting. Owlet’s digital parenting system aims to give mother and father genuine-time details and insights to help moms and dads sense much more calm and confident. Owlet thinks that each individual guardian deserves peace of head and the option to truly feel their nicely-rested ideal. Owlet also thinks that each and every little one justifies to are living a long, content, and healthy everyday living, and is performing to acquire merchandise to support aid that belief.
Further Information and The place to Come across It
In February, Owlet entered into a definitive merger arrangement in February with Sandbridge Acquisition Corporation (NYSE: SBG) (“Sandbridge”), a unique goal acquisition company. Sandbridge has filed with the SEC a Registration Statement on Type S-4, which includes a proxy assertion/prospectus, that will be both equally the proxy assertion to be dispersed to holders of Sandbridge’s Class A popular stock in connection with its solicitation of proxies for the vote by Sandbridge’s stockholders with regard to the small business combination and other issues as may possibly be explained in the registration assertion, as properly as the prospectus relating to the provide and sale of certain securities to be issued in the organization mix. Soon after the registration assertion is declared successful, Sandbridge will mail a definitive proxy assertion/prospectus and other applicable documents to its stockholders. This push launch does not include all the details that really should be considered concerning the proposed business blend and is not supposed to kind the basis of any expenditure final decision or any other decision in respect of the proposed enterprise combination. Sandbridge’s stockholders and other interested folks are encouraged to go through, when out there, the preliminary proxy statement/prospectus bundled in the registration statement and the amendments thereto and the definitive proxy statement/prospectus and other files filed in connection with the proposed business combination, as these products will have critical facts about the Firm, Sandbridge and the proposed small business blend. When accessible, the definitive proxy statement/prospectus and other pertinent materials for the proposed business enterprise blend will be mailed to stockholders of Sandbridge as of a record date to be proven for voting on the proposed company combination. Stockholders of Sandbridge will also be in a position to obtain copies of the preliminary proxy statement, the definitive proxy statement and other paperwork submitted with the SEC, without the need of demand, when offered, at the SEC’s site at www.sec.gov, or by directing a published request to: Sandbridge Acquisition Corp., 1999 Avenue of the Stars, Suite 2088, Los Angeles, California 90067.
Members in the Solicitation
Sandbridge and its administrators and government officers may well be considered contributors in the solicitation of proxies from Sandbridge’s stockholders with respect to the proposed enterprise blend. The names of individuals administrators and govt officers and information and facts with regards to the interests of this kind of individuals is contained in the proxy statement/prospectus for the proposed enterprise blend.
Owlet and its directors and govt officers may well also be considered to be contributors in the solicitation of proxies from the stockholders of Sandbridge in relationship with the proposed business enterprise mix. A listing of the names of this sort of administrators and executive officers and data with regards to their interests in the proposed business blend is incorporated in the proxy statement/prospectus for the proposed business enterprise combination.
Specific statements in this press launch may possibly be regarded forward-looking statements. Ahead-hunting statements usually relate to upcoming situations or Sandbridge’s or Owlet’s long run financial or working overall performance. For case in point, statements relating to the predicted upcoming running and monetary performance and current market options of Owlet are ahead-looking statements. In some instances, you can determine ahead-hunting statements by terminology this sort of as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variants of them or identical terminology. This sort of forward-on the lookout statements are matter to pitfalls, uncertainties, and other components which could bring about real benefits to differ materially from those people expressed or implied by these kinds of ahead-wanting statements.
These ahead-wanting statements are centered upon estimates and assumptions that, whilst regarded as sensible by Sandbridge and its administration, and Owlet and its management, as the case could be, are inherently unsure. Elements that may possibly bring about precise results to vary materially from present expectations include things like, but are not limited to: the evolution of the markets in which Owlet competes the capacity of Owlet to put into practice its strategic initiatives and go on to innovate its current items the means of Owlet to protect its intellectual property and fulfill regulatory prerequisites the effect of the COVID 19 pandemic on Owlet’s small business the minimal working heritage of Owlet and other risks and uncertainties set forth the in the proxy statement/prospectus for the proposed small business mix and the connected registration assertion on Variety S-4, such as those people set forth underneath “Risk Factors” therein, and other paperwork to be filed with the SEC by Sandbridge.
Practically nothing in this push release ought to be regarded as a representation by any human being that the ahead-wanting statements set forth herein will be realized or that any of the contemplated outcomes of this sort of ahead-wanting statements will be attained. You really should not position undue reliance on ahead-seeking statements, which speak only as of the date they are manufactured. Neither Sandbridge nor Owlet undertakes any responsibility to update these ahead-wanting statements.
Sandbridge Acquisition Company
Westwicke, an ICR firm
Westwicke, an ICR firm
Source: Owlet Infant Treatment Inc.