Symbotic names Michael Loparco as CEO ahead of planned merger with SVF Investment Corp. 3

Symbotic Inc.

Michael J. Loparco appointed CEO of Symbotic; Rick Cohen remains Chairman and President, adds Chief Product Officer role.
Loparco was previously EVP and CEO of Electronics Manufacturing Services at Jabil Inc.
Symbotic is pursuing de-SPAC merger with SVF Investment Corp. 3 (Nasdaq: SVFC) to become public.
CEO change is positioned to support Symbotic's next phase of growth as a public company.

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