Eric Branderiz Joins Symbotic's Board of Directors
Seasoned CFO brings deep experience of high-growth environments in industrial technology, and finance and accounting leadership in sophisticated global manufacturing organizations
WILMINGTON, Mass., May 15, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced the election of Eric Branderiz to its Board of Directors, effective May 14, 2025.
Mr. Branderiz joins Symbotic's Board following a nearly 30-year career in public and private company finance and accounting, including in high-growth environments in industrial technology. Most recently, he served as Executive Vice President and Chief Financial Officer at Enphase Energy. Prior to Enphase Energy, Mr. Branderiz was Vice President, Corporate Controller and Chief Accounting Officer at Tesla. He has held senior finance and accounting roles at SunPower Corporation, Knowledge Universe Corporation, Spansion and Advanced Micro Devices, after beginning his career at Ernst & Young.
'On behalf of the Board, I am thrilled to welcome Eric to Symbotic,' said Rick Cohen, Chairman and CEO of Symbotic. 'Eric brings deep financial expertise and a track record of success, guiding companies through critical stages of growth and playing a pivotal role in helping newly public organizations to achieve significantly greater scale. I look forward to working with him as we continue bringing our cutting-edge robotics and A.I.-powered automation technology to diverse customers and settings globally.'
'I'm honored to join Symbotic's Board at such an exciting point in the company's trajectory,' said Mr. Branderiz. 'Symbotic is a leader in its field with one-of-a-kind automation technology, and I look forward to leveraging my experience at growth-oriented technology companies to support Symbotic's continued innovation and its rapid momentum.'
Mr. Branderiz currently serves on the Board of Directors of Cognizant Technology Solutions Corporation and Fortive Corporation. He is a Certified Public Accountant in California, and received his bachelor's degree in Business Commerce with an emphasis on Accounting from The University of Alberta.
About Symbotic
Symbotic is an automation technology leader reimagining the supply chain with its end-to-end, A.I.-powered robotic and software platform. Symbotic reinvents the warehouse as a strategic asset for the world's largest retail, wholesale, and food & beverage companies. Applying next-generation technology, high-density storage and machine learning to solve today's complex distribution challenges, Symbotic enables companies to move goods with unmatched speed, agility, accuracy and efficiency. As the backbone of commerce, Symbotic transforms the flow of goods and the economics of the supply chain for its customers. For more information, visit www.symbotic.com.
Media Contactmediainquiry@symbotic.com
Investor ContactCharlie AndersonVice President, Investor Relations & Corporate Developmentir@symbotic.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
23 minutes ago
- Yahoo
I Asked ChatGPT How Much Money Is Needed To Retire in 20 Years — Here's What It Said
Your lifestyle, inflation, investments, anticipated health, Social Security and other income sources have to be figured into any comprehensive retirement financial strategy. However, if you're currently planning more for your weekend than your retirement, a quick ChatGPT query can at least plant some seeds as to what to expect, and how much you might need when your work life comes to an end. Find Out: Read More: Of course, ChatGPT struggles with accuracy, context and common sense, but it's interesting to experiment with. Here's what the chatbot answered when I asked it, 'How Much Money Will I Need to Retire in 20 Years?' ChatGPT can't guess your current savings, your expected retirement age or what you think you'll need every year to be comfortable in retirement. Therefore, it prompts by asking questions, but also provides a basic example of someone retiring in 20 years, at the age of 65, with a desired annual budget of $60,000, a longevity plan of 25-30 years, an inflation rate of 2.5%-3% per year and a 5%-7% investment rate of return (ChatGPT used 6% before retirement and 4% after, which are accurate estimates). Be Aware: Your future purchasing power won't be reduced if your income increases by the same amount as the rate of inflation. Typically, however, income doesn't keep pace with the rising cost of goods and services due to inflation. Using an inflation calculator, the reduced amount of $60,000 will be around $33,220 in 20 years. But to have the same purchasing power as $60K today, you'll need $108,360, per ChatGPT. To figure out how much money you'll need to retire, you'll need to factor in value of annuity formulas, both in the future (the value of payments at a future date) and in the present (the amount of money needed today to generate those future payments). A quick Google search will give you plenty of income annuity calculators and retirement calculators. Using our ChatGPT inquiry, Assuming you'll need $108,360 each year for 25 years of retirement and get 4% returns while withdrawing, you'll need to build a nest egg of by the time you turn 65. To reach that future goal, estimating a 6% return on investments and savings, you'll need to sock away $3,813 every month. ChatGPT is an easy target for detractors; it's at the vanguard of AI chatbot technology, but it lacks the depth of emotional understanding and subjective interpretation that humans possess. However, it's still in development, and that's why it scares people. For now, take it for what it is: a brainstorming tool. To truly get an accurate idea of how much money you'll need to retire in 20 years, start with ChatGPT, then move on to more accurate calculators that include more financial fields (like existing 401(k), IRA and pension information). Even those should just be the start of your retirement savings research, of course. Your retirement plans deserve the insight that only a professional financial advisor can provide. They also deserve your time and effort, at least as much as you'd use planning your weekend. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard 9 Downsizing Tips for the Middle Class To Save on Monthly Expenses Mark Cuban Says Trump's Executive Order To Lower Medication Costs Has a 'Real Shot' -- Here's Why This article originally appeared on I Asked ChatGPT How Much Money Is Needed To Retire in 20 Years — Here's What It Said Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
24 minutes ago
- Yahoo
Mark Cuban: Here's the No. 1 Thing You Should Do To Build Wealth
Mark Cuban is definitely one of America's most popular billionaires. From being a TV personality on 'Shark Tank' to his involvement with an NBA team, this entrepreneur and investor knows his way around a sound financial decision. Up Next: For You: So when a man such as Cuban, who currently has an estimated net worth of $5.7 billion and has been named one of our Top Financial Experts, dishes out some advice, you should take it and pass it on. 'Have appreciating assets. Whether it's a home or a mutual fund — something that can appreciate over the long term.' Here are some quick examples of appreciating assets: Real estate investments: Houses, apartments and commercial buildings often appreciate over time. For example, Cuban's property portfolio includes Dallas mansions, a Trump International Hotel and Tower condo and more. Stocks, bonds and ETFs: Investments in the stock market such as these can increase in value as the companies or sectors they represent perform well and grow. More specifically, bonds can grow in value if interest rates fall or if the issuer's creditworthiness improves. Cryptocurrency: Digital currencies like bitcoin and ethereum have experienced significant appreciation in value in recent years and Cuban is a huge supporter of this type of asset. He is known to invest in both bitcoin and ethereum as well as dogecoin and more. So, what metrics does Cuban look for to determine if a company is a good investment? Are there also non-quantitative factors to look for? 'For private companies, it's a lot of things. Is it a great entrepreneur, is it a strong product, is it differentiated? For public companies, I recommend people focus on investing in funds,' he said. 'Investing in individual stocks has gotten harder over the years because there is so much money chasing stocks.' Read Next: Suze Orman's Top Tip for Building Wealth Is a 'Very Easy One' We asked Cuban, 'What advice would you give someone wanting to start investing but unsure where to begin?' His answer was short and sweet: 'Learn as much as you can but be patient. There are no shortcuts.' Here are a few quick steps to get your foot in the investing door: Step 1: Make the decision to start investing today, even if it's just a small amount. Step 2: Assess your risk tolerance and decide how much you want or can afford to invest. Step 3: Figure out your investment strategy and open an investment account. Step 4: Work with a financial advisor to help you better understand your investment options, such as putting your funds into real estate or buying a company's stock. There's not just one choice and diversifying your portfolio can be a great way to grow your wealth. Amidst all the consumer weariness around Trump's tariffs, Cuban says you may actually see some lower prices thanks to pricing uncertainty and companies now trying to sell stockpiled goods. Unlike many economists and money experts, he doesn't necessarily think inflation will go up and prices on some things may actually come down. Cuban believes companies will try to 'get back to cash' by slashing costs on inventory they collected when tariffs were first threatened or introduced. That said, he also has some advice about what to stock up on. Jaime Catmull contributed to the reporting for this article. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard Clever Ways To Save Money That Actually Work in 2025 Here's the Minimum Salary Required To Be Considered Upper Class in 2025 This article originally appeared on Mark Cuban: Here's the No. 1 Thing You Should Do To Build Wealth Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24 minutes ago
- Yahoo
2 Healthcare Stocks to Keep an Eye On and 1 to Ignore
From novel pharmaceuticals to telemedicine, most healthcare companies are on a mission to drive better patient outcomes. But speed bumps such as inventory destockings have persisted in the wake of COVID-19, and over the past six months, the industry has pulled back by 7.5%. This drop was discouraging since the S&P 500 held steady. The elite companies can churn out earnings growth under any circumstance, however, and our mission at StockStory is to help you find them. Taking that into account, here are two healthcare stocks we think can generate sustainable market-beating returns and one we're steering clear of. Market Cap: $4.48 billion Pioneering the shift from bulky, short-term heart monitors to sleek, wire-free patches, iRhythm Technologies (NASDAQ:IRTC) provides wearable cardiac monitoring devices and AI-powered analysis services that help physicians detect and diagnose heart rhythm disorders. Why Is IRTC Not Exciting? Issuance of new shares over the last five years caused its earnings per share to fall by 5.6% annually while its revenue grew Cash-burning history makes us doubt the long-term viability of its business model 124× net-debt-to-EBITDA ratio shows it's overleveraged and increases the probability of shareholder dilution if things turn unexpectedly iRhythm's stock price of $138.38 implies a valuation ratio of 78.4x forward EV-to-EBITDA. If you're considering IRTC for your portfolio, see our FREE research report to learn more. Market Cap: $3.51 billion Pioneering treatments for a devastating childhood muscle-wasting disease that primarily affects boys, Sarepta Therapeutics (NASDAQ:SRPT) develops and commercializes RNA-targeted therapies and gene therapies for rare genetic disorders, primarily Duchenne muscular dystrophy. Why Do We Love SRPT? Market share has increased this cycle as its 51.3% annual revenue growth over the last two years was exceptional Earnings per share grew by 41% annually over the last five years, massively outpacing its peers Cash-burning tendencies have improved over the last five years, showing it could become financially independent one day At $35.74 per share, Sarepta Therapeutics trades at 3.5x forward P/E. Is now a good time to buy? See for yourself in our comprehensive research report, it's free. Market Cap: $14.82 billion With a network spanning nine states and serving primarily urban and suburban communities, Tenet Healthcare (NYSE:THC) operates a nationwide network of hospitals, ambulatory surgery centers, and outpatient facilities providing acute care and specialty healthcare services. Why Do We Like THC? Share repurchases have amplified shareholder returns as its annual earnings per share growth of 30.7% exceeded its revenue gains over the last five years Market-beating returns on capital illustrate that management has a knack for investing in profitable ventures, and its returns are growing as it capitalizes on even better market opportunities Returns on capital are climbing as management makes more lucrative bets Tenet Healthcare is trading at $159.57 per share, or 13x forward P/E. Is now the right time to buy? Find out in our full research report, it's free. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today for free. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
