Harmonic, a leading provider of virtualized broadband and video delivery solutions, announced the upcoming retirement of President and CEO, Patrick Harshman. Effective June 11, 2024, Nimrod Ben-Natan, the current Senior Vice President and General Manager of Harmonic’s Broadband business, will succeed him in this role. Ben-Natan has been instrumental in the development of next-generation broadband networks and the Emmy award-winning cOS™ virtualized broadband technology.
The transition is part of Harmonic’s strategic succession planning process, aimed at ensuring continuity and driving future growth. The Board of Directors conducted a thorough evaluation of internal and external candidates before selecting Ben-Natan for the position. His visionary leadership and strategic vision make him a standout choice for leading Harmonic into its next phase of innovation and expansion.
Harshman expressed pride in the company’s achievements during his tenure, highlighting the successful re-positioning of Harmonic as a global leader in broadband and video streaming solutions. The decision to appoint Ben-Natan as his successor reflects confidence in his ability to build on this strong foundation and drive continued innovation.
In line with its focus on value creation, Harmonic recently concluded a strategic review of its Video business. The company plans to drive growth by focusing on scalable market opportunities and optimizing its cost structure. Additionally, the first quarter 2024 revenue guidance has been updated, with expectations of revenue between $121 million to $123 million for the total Company, including specific revenue projections for the Broadband and Video segments.
Looking ahead, Harmonic will host an Investor Day in June 2024 to discuss its long-term strategy and growth plans for both the Broadband and Video business units. The event will provide an opportunity for stakeholders to learn more about the company’s direction and vision for the future.
Harmonic’s commitment to innovation and excellence in broadband and video delivery solutions positions it as a key player in the industry. With a focus on market opportunities and strategic growth initiatives, the company remains dedicated to driving value for customers and stakeholders alike.
For more information about Harmonic and its industry-leading solutions, visit http://www.harmonicinc.com. Stay tuned for updates on the company’s performance and future plans at the upcoming Investor Day in June 2024.
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