Owlet Inc., a smart infant monitoring products company based in Lehi, has announced that Jonathan Harris, the company’s current president, will become its CEO on Oct. 1, replacing founder Kurt Workman, who has resigned. Workman will transition to executive chairman.
The announcement comes on the heels of a strong second quarter when the company reported a 25.9 percent in year-over-year revenue and improvements in gross margin and adjusted EBITDA.
The company produces products like the Dream Sock and Dream Duo but has announced its plans to evolve from a hardware company into a comprehensive pediatric health platform, aiming to capture market opportunities in pediatric health.
“I founded Owlet over 12 years ago because I believe that every baby should have access to medical-grade health monitors at home, and we’ve never been closer to that vision,” said Workman, who established Owlet in 2012. “This organizational change will allow me to focus more deeply on the things I’m most passionate about: expanding access to Owlet’s mission and helping guide the company’s long-term strategy as we continue to grow.”
“Owlet could not have a better CEO going forward,” continued Workman. “Jonathan is an extremely accomplished executive with a proven ability to consistently deliver value to a full range of stakeholders. Undoubtedly, the momentum and performance we’ve delivered in recent quarters are a direct result of Jonathan’s impact on the business and his valuable leadership … and he is ideally suited to lead as Owlet’s CEO through this next phase of growth.”