ADT Appoints Wayne Thorsen to Chief Business Officer Role
ADT has appointed Wayne Thorsen as Executive Vice President and Chief Business Officer, effective immediately.
Sentiment and the balance of points
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Rhea-AI Summary
ADT has appointed Wayne Thorsen as Executive Vice President and Chief Business Officer, effective immediately. Thorsen will lead product innovation and new business development efforts. ADT’s President and CEO, Jim DeVries, emphasized Thorsen's extensive experience in strategic partnerships and product marketing, which is expected to boost the company's growth strategy. Previously, Thorsen held leadership roles at Google, SoFi, and Microsoft. ADT focuses on providing innovative and sustainable security solutions for homes and businesses, leveraging partnerships with brands like State Farm and Google.
Positive
- Wayne Thorsen's appointment brings extensive experience in business development and strategic partnerships, which may enhance ADT's growth prospects.
- Thorsen's background at Google and other leading companies suggests strong potential for innovative solutions and market leadership.
Negative
- None.
Details
News Market Reaction – ADT
The recorded move for ADT in the trading session of this news was +0.86%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
BOCA RATON, Fla., Jan. 09, 2023 (GLOBE NEWSWIRE) -- ADT (NYSE: ADT) today announced the appointment of Wayne Thorsen to the newly created role of Executive Vice President and Chief Business Officer, effective immediately. Thorsen will be responsible for leading ADT’s product, innovation and new business development teams.
“Wayne is a seasoned executive who brings valuable experience in business development, strategic partnerships and product marketing and development,” said Jim DeVries, ADT President and CEO. “Wayne’s expertise will accelerate our strategy to sustainably grow our business and continue to attract strategic partners by showcasing ADT’s market leadership.”
“ADT’s innovation and strategic partnerships with fellow marquee brands, like State Farm and Google, are creating fantastic value that consumers are seeking from their preferred brands today,” Thorsen said. “It’s an exciting time for ADT, and I’m eager to join the teams building market-leading safe, smart and sustainable solutions for more customers in more places.”
Thorsen joins ADT from Google, where he served as Vice President, Devices and Services Business Development. Throughout his career, Thorsen held leadership roles at SoFi, Viacom, Telefónica Digital and Microsoft.
About ADT
ADT provides safe, smart and sustainable solutions for people, homes and businesses. Through innovative offerings, unrivaled safety, and a premium customer experience, all delivered by the largest network of smart home security and rooftop solar professionals in the U.S., we empower people to protect and connect to what matters most. For more information, visit www.adt.com.
Media Contact
Paul Wiseman
paulwiseman@adt.com
561-356-6388
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