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Vivint Smart Home : Introduces Daniel Garen as Chief Ethics and Compliance Officer

08/31/2021 | 06:14pm EDT

Technology law specialist brings extensive experience implementing best-in-class compliance programs to the smart home industry leader

Vivint Smart Home, Inc. (NYSE: VVNT), a leading smart home company, today announced that Daniel Garen has been named Chief Ethics and Compliance Officer for the organization. In his role, Garen will be responsible for upholding Vivint’s strong culture of corporate compliance as well as implementing new systems to ensure policies are being enforced across the business. Garen will report to Vivint’s Board of Directors and to its CEO, David Bywater.

Garen brings more than two decades of experience in compliance to Vivint. He joins the company from DLA Piper, where he developed and implemented best-in-class compliance and risk management strategies at public and private companies around the world. As a technology compliance lawyer, Garen has a long track record of success creating, implementing and managing compliance programs for Danaher Corporation, Wright Medical Technology, Siemens Medical Solutions and Bayer Healthcare, among others.

“As Vivint moves into its next chapter of growth, Daniel will be instrumental in guiding our ethics and compliance efforts and ensuring they align with our business objectives,” said Vivint CEO David Bywater. “His level of experience and understanding of Vivint's unique needs and challenges will make him a valuable asset to the company’s future.”

Garen will implement his unique approach at Vivint, which includes using quantitative analytics and process optimization to help the company mitigate risk and streamline business workflows.

“I’m excited to join Vivint at this stage of its evolution,” said Garen. “The company has a great history of growth and innovation, and I look forward to building upon its dedication to ethics and regulatory compliance.”

Garen attended Loyola University Chicago School of Law, where he earned a Juris Doctor and a Master of Laws. He is a member of the American Bar Association, the Federal Supreme Court Bar and the bar for Illinois and the District of Columbia.

About Vivint Smart Home

Vivint Smart Home is a leading smart home company in North America. Vivint delivers an integrated smart home system with in-home consultation, professional installation and support delivered by its Smart Home Pros, as well as 24/7 customer care and monitoring. Dedicated to redefining the home experience with intelligent products and services, Vivint serves more than 1.7 million customers throughout the U.S. and Canada. For more information, visit www.vivint.com.

Note on Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, including statements regarding, among other things, the Company’s plans, strategies and prospects, both business and financial, including without limitation statements regarding the Company hiring a chief ethics and compliance officer. Generally, statements that are not historical facts, including statements concerning the Company’s possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates” or “intends” or similar expressions. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements should not be read as a guarantee of future performance or results, and they will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. These statements are based on current expectations and assumptions regarding future events and business performance as of the date of this press release, and they are subject to risks and uncertainties, including those discussed in Part I, Item 1A. “Risk Factors” in the Company’s Amendment No. 1 to its Annual Report on Form 10-K/A for the year ended December 31, 2020, filed with the Securities and Exchange Commission (the “SEC”) on May 12, 2021 (the “Form 10-K/A”), as such factors may be updated from time to time in the Company’s periodic filings with the SEC, that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Although Vivint Smart Home believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee that the future results, levels of activity, performance or events and circumstances reflected in those statements will be achieved or will occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements. Except as required by law, Vivint Smart Home does not undertake and expressly disclaims any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise. You should read the documents Vivint Smart Home has filed with the SEC, including the Form 10-K/A and the Company’s other periodic filings, for more complete information about the Vivint Smart Home. These documents are available on both the EDGAR section of the SEC's website at www.sec.gov and the Investor Relations section of Vivint’s website at www.vivint.com.

© Business Wire 2021
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Financials (USD)
Sales 2021 1 424 M - -
Net income 2021 -325 M - -
Net Debt 2021 2 591 M - -
P/E ratio 2021 -5,07x
Yield 2021 -
Capitalization 1 826 M 1 826 M -
EV / Sales 2021 3,10x
EV / Sales 2022 2,76x
Nbr of Employees 12 100
Free-Float 90,9%
Duration : Period :
Vivint Smart Home, Inc. Technical Analysis Chart | VVNT | US9285421098 | MarketScreener
Technical analysis trends VIVINT SMART HOME, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 6
Last Close Price 8,75 $
Average target price 16,83 $
Spread / Average Target 92,4%
EPS Revisions
Managers and Directors
David H. Bywater Chief Executive Officer & Director
Dale R Gerard Chief Financial Officer
David F. D'Alessandro Chairman
JT Hwang Chief Technology Officer
Joy Driscoll Durling Chief Information & Digital Enablement Officer
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