Proven technology leader to drive the Company’s technology strategy

SmartRent, Inc. (NYSE: SMRT) (“SmartRent” or the “Company”), a leading provider of smart communities and smart operations solutions for the rental housing industry, today announced the appointment of Sangeeth Ponathil as Chief Information Officer.

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A proven executive leader with more than 25 years of experience guiding enterprise technology strategy, Sangeeth Ponathil will chart SmartRent’s technology roadmap moving forward. His acumen in corporate digital transformation, infrastructure modernization and executing corporate strategy will be instrumental as the Company expands its industry-leading footprint.

A proven executive leader with more than 25 years of experience guiding enterprise technology strategy, Ponathil will chart SmartRent’s technology roadmap moving forward. His acumen in corporate digital transformation, infrastructure modernization and executing corporate strategy will be instrumental as the Company expands its industry-leading footprint.

Under his guidance, SmartRent will continue to architect scalable IT systems and infrastructure to support growth and innovation for its leading IoT and smart operations platform, including expanded use of AI-driven insights and intelligent automation. He will also be responsible for leading the Company’s engineering, product development, applications, security, data and support teams.

“Sangeeth is an accomplished and highly collaborative leader, with a proven track record of engineering and implementing scalable products and technology best practices for optimal efficiency and alignment with business objectives,” said Frank Martell, SmartRent President and CEO. “We’re thrilled to add him to the SmartRent leadership team and look forward to leveraging his expertise to deliver industry-shaping solutions to owners, operators, their teams and residents.”

Ponathil most recently served as Senior Vice President of Technology and Head of Product and Engineering at loanDepot, Inc., where he led a team of over 250 technology professionals. In those roles, he oversaw the delivery of technology across sales, operations, marketing, customer relationship management, servicing and corporate applications. He also orchestrated transformational initiatives to drive customer retention and corporate efficiencies, led a digital platform transformation and built a scalable cloud-based servicing platform. Prior to loanDepot, Ponathil worked at YUM Brands as Senior Director of Information Technology for Pizza Hut, where he had full ownership of technology strategy and project delivery for over 5,000 franchise locations. While at YUM Brands, he managed a team of 100-plus across application development, data, infrastructure and information security, and led the modernization of the company’s data, marketing and customer systems to improve retention and operational efficiency.

“SmartRent is an innovative leader in the multifamily housing space, and I’m energized by its current direction, proactive engagement with clients and progressive approach to property technology innovation,” Ponathil said. “There is incredible power and untapped potential in smart home IoT and property operations, and I’m eager to roll up my sleeves, entrench myself in the smart home ecosystem and start building upon the foundation already in place.“

Coinciding with Ponathil’s appointment, Chief Technology Officer Isaiah DeRose-Wilson, one of SmartRent’s founding members, has elected to depart the Company at the end of the year. He will work closely with Ponathil to assist with the transition.

“The SmartRent team is forever grateful to Isaiah for his leadership and many achievements,” Martell said. “He has been instrumental in bringing the SmartRent vision into reality, developing the necessary IoT infrastructure and establishing the SmartRent platform as the most dynamic smart home suite in the industry, and we wish him well in his future endeavors.”

For more information about SmartRent’s solutions and leadership team, visit SmartRent.com.

About SmartRent

Founded in 2017, SmartRent, Inc. (NYSE: SMRT) is a leading provider of smart communities solutions and smart operations solutions to the rental housing industry. SmartRent’s end-to-end enterprise ecosystem powers smarter living and working in rental housing by automating operations, protecting assets, reducing energy consumption, enhancing the resident experience and more. The company’s differentiators - purpose-built software and hardware, and end-to-end implementation and support - create an exceptional experience, with 15 of the top 20 multifamily operators and millions of users leveraging SMRT solutions daily. For more information, please visit smartrent.com.

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“We’re thrilled to add Sangeeth to the SmartRent leadership team and look forward to leveraging his expertise to deliver industry-shaping solutions to owners, operators, their teams and residents,” said Frank Martell, SmartRent President and CEO.