Ouster Appoints Kenneth Gianella as CFO, Enhancing Financial Leadership

Ouster has appointed Kenneth Gianella as its new Chief Financial Officer. Gianella brings experience from Bloomberg and will lead Ouster's financial strategy and operations. Ouster is a provider of high-resolution scanning and solid-state digital lidar sensors for various industries, including automotive, industrial, robotics, and smart infrastructure.

Ouster, Inc. (NASDAQ: OUST), a leading provider of high-resolution scanning and solid-state digital lidar sensors, has appointed Kenneth Gianella as its new Chief Financial Officer (CFO). Gianella will assume the role effective May 19, 2025, succeeding interim CFO Chen Geng, who will remain with the company as Senior Vice President, Strategic Finance & Treasurer. [1]

Kenneth Gianella brings over 25 years of experience in finance and operations within the technology sector. He previously served as CFO and COO at Quantum Corporation (NASDAQ: QMCO) and held senior roles at Itron, Inc. (NASDAQ: ITRI), including VP of Investor Relations, Mergers, Divestitures, & Acquisitions, and VP of Finance and Treasury. His background reflects a strong track record in the technology and communications industries, overseeing profitable companies and scaling software businesses. [1]

Ouster CEO Angus Pacala expressed confidence in Gianella’s ability to support the company’s growth, citing his extensive experience in relevant industries and his knowledge in scaling software businesses. Gianella himself is enthusiastic about joining Ouster, recognizing the company’s potential to expand its technology across various sectors, including automotive, robotics, and smart infrastructure. [1]

Ouster is known for its high-resolution lidar sensors used across multiple industries and is focused on contributing to a safer and more sustainable future. The company, with its headquarters in San Francisco, operates globally with offices in the Americas, Europe, and Asia-Pacific. [1]

This appointment follows Itron’s strong financial results for the fourth quarter, which surpassed both Baird’s and market consensus estimates. Itron reported a full-year book-to-bill ratio exceeding 1:1, indicating demand surpasses supply, and provided guidance for the first quarter and full year of 2025 that exceeded analyst expectations. Baird maintained its Outperform rating with a $132 price target, while TD Cowen reiterated a Buy rating with a $139 price target, reflecting confidence in Itron’s future performance. [1]

In addition to its financial performance, Itron has announced a collaboration with Norgesnett to deploy edge computing technology in Norway, aiming to enhance grid operations and integrate renewable energy resources. The company is also integrating Microsoft’s generative AI technology into its Intelligent Edge Operating System to enhance data access for utility companies. This integration is expected to improve decision-making and operational efficiency by enabling natural language data queries. The integration will be globally available in the second quarter of 2025. [1]

These developments indicate a strategic direction towards enhancing Itron’s business model and financial performance, reflecting a positive outlook in the energy management sector. [1]

References:
[1] https://au.investing.com/news/company-news/ouster-appoints-kenneth-gianella-as-new-cfo-93CH-3809769