SmartRent (SMRT) Appoints Daryl Stemm as CFO

SmartRent, Inc. (NYSE: SMRT), the leading provider of smart home and property operations solutions for the rental housing industry, today announced the appointment of Daryl Stemm as its Chief Financial Officer.

Mr. Stemm, who has served as the Company’s senior vice president of finance since 2021, brings four decades of experience in finance, accounting, treasury and risk management to the role. Prior to joining SmartRent, he held senior finance positions with Best Western Hotels and Invitation Homes, and served as CFO at Home Director, Inc., and Catalyst Semiconductor, Inc. In his career, he has completed four IPOs and more than 10 mergers and acquisitions. He holds a Bachelor of Business Economics, Accounting from University of California, Santa Barbara.

“We are pleased to appoint Daryl as CFO for SmartRent,” said SmartRent CEO Lucas Haldeman. “He has been an integral part of our team, helping SmartRent scale and grow to become the leading provider in our space. We look forward to continuing to benefit from his leadership and experience as our CFO.”

SmartRent remains confident in its outlook and reiterates its fourth quarter 2023 guidance of $58M to $63M and Adjusted EBITDA profitability of $0M to $2M. Hiroshi Okamoto, who formerly served as the Company’s CFO, is departing to pursue other opportunities. He will serve in a consultative capacity through the remainder of 2023 to assist with the transition.

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