Skip to main content

Minim Announces CEO Transition

Written by Customer Service on . Posted in Public Companies.

MANCHESTER, NH, April 07, 2023 (GLOBE NEWSWIRE) — via NewMediaWire — Minim, Inc. (Nasdaq: MINM), the creator of home networking products and software under the globally-recognized Motorola brand, announces Jeremy Hitchcock has been named Executive Chairman. Mr. Hitchcock is the Founder, Chairman and Former CEO of Minim and Dyn (ACQ: Oracle). He assumes his responsibilities effective immediately succeeding Mehul Patel who has stepped down from his role as Chief Executive Officer to pursue other career opportunities.

Jeremy Hitchcock, Executive Chairman of Minim, commented, “On behalf of the board, I want to thank Mehul for his service and contributions to Minim and wish him well in his next chapter.”

Mr. Hitchcock commented, “We remain committed to advancing our software strategy to deliver an exceptional product experience for our customers, grow our business and unlock value for our shareholders. There is a massive market opportunity in consumer home networking, and we believe we can capture a meaningful share with our powerful, intelligent products. Furthermore, at $50 million in annual revenue and a market cap of less than $5 million, or 0.1x sales, there is a measurable opportunity to capture additional value.”

Jeremy Hitchcock is an active angel investor in the New Hampshire startup community. Prior to Minim, Mr. Hitchcock co-founded Dyn, an Internet data company acquired by Oracle in 2017 for over $600 million. In his time working on a dual-use fund called New North Ventures and serving as Minim Board Chairperson, Mr. Hitchcock has led technology development teams to solve security problems at the national, commercial and consumer levels. Mr. Hitchcock holds a B.A. in Management Information Systems from Worcester Polytechnic Institute (WPI) and serves on the boards of the New Hampshire Tech Alliance, Southern New Hampshire University and the Community College System of New Hampshire. Alongside his wife, Liz, he runs an independent bookstore and partners with Manchester Moves, improving biking and walkability in the greater Manchester area.

About Minim

Minim, Inc. (NASDAQ: MINM) was born in 1977 as a networking company and now delivers intelligent software to protect and improve the WiFi connections we depend on to work, learn, and live. Minim’s cloud platform powers intuitive apps and a variety of routers, helping customers take control of their connected experience and privacy. Headquartered in Manchester, N.H., Minim holds the exclusive global license to design and manufacture consumer networking products under the Motorola brand. To learn more, visit https://www.minim.com.

MOTOROLA, the Stylized Motorola Logo and the Stylized M Logo are trademarks or registered trademarks of Motorola Trademark Holdings, LLC, and are used under license. All other trademarks are the property of their respective owners. © 2023 Motorola Mobility LLC.

Investor Relations Contact:
James Carbonara
james@haydenir.com 
(646) 755-7412

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.