- After about 18 years in the position
- Praise, thanks and good wishes for Harshman
- Nimrod Ben-Natan taking over
- Harshman said 68 words
(exechange) — San Jose, California, April 8, 2024 — Patrick Harshman, chief executive of Harmonic, leaves his position. As announced by Harmonic Inc. in a news release and in a regulatory filing published on Monday, April 8, 2024, Patrick J. Harshman leaves his post as chief executive officer at the specialist in virtualized broadband and video delivery products, after about 18 years in the role, effective June 11, 2024.
It is the end of an era.
Patrick Harshman’s duties as CEO will be taken over by Nimrod Ben-Natan, currently Senior Vice President and General Manager of the Broadband business at Harmonic Inc.
“Thoughtful succession planning process”
The management change is explained as follows. Patrick Gallagher, Chair of the Harmonic Board of Directors, stated: “As part of a thoughtful succession planning process, we conducted a comprehensive evaluation of both internal and external candidates with the support of a leading search firm. Nimrod was the standout – his leadership has been pivotal in the rapid growth of the Company’s groundbreaking and market-leading virtualized broadband access solutions.”
Precise information regarding Patrick Harshman’s future plans was not immediately available.
“Retire”
Harmonic said: “Patrick Harshman will retire as President and Chief Executive Officer, effective June 11, 2024.”
Share price decline since April 2023
The announcement follows a decline in Harmonic Inc.’s share price of 11% since April 2023.
In the position of CEO since 2006
Patrick Harshman became CEO of the Company in 2006.
Patrick J. Harshman joined Harmonic in 1993 and was appointed President and CEO and as a member of the Company’s board of directors in May 2006.
Prior to 2006, he held several executive leadership positions for Harmonic, including management of marketing, international sales, product management, and research and development functions.
Harshman earned a Ph.D. in Electrical Engineering from the University of California, Berkeley, and completed an Executive Management Program at Stanford University.
68 words by Patrick Harshman
In the release announcing his departure as CEO of Harmonic Inc., Patrick Harshman received praise, thanks and good wishes.
In announcing his departure, Patrick Harshman said 68 words.
“Nimrod is ideally suited”
Patrick Harshman stated: “Leading Harmonic has been the privilege of a lifetime and I am proud of what we have accomplished. Together, we strategically re-positioned the Company as a worldwide leader in next-generation broadband solutions and video streaming and delivery solutions, successfully expanding our customer base, international presence and product portfolio. Nimrod is ideally suited to lead Harmonic and our talented global team into its next chapter of innovation and growth.”
The above text is an excerpt from the exechange report 16.2024 ($), publication date April 15, 2024.