SmartRent Names Sangeeth Ponathil Chief Information Officer

PHOENIX--(BUSINESS WIRE)--Nov 17, 2025--

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, 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.

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.

PALO ALTO, Calif.--(BUSINESS WIRE)--Apr 1, 2026--

Navan (NASDAQ: NAVN), the global AI-powered business travel and expense platform, today announced that PCL Construction has selected Navan to spearhead its global travel and expense transformation.

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PCL Construction has thrived for more than a century by consistently innovating and adapting to the latest technology. As an employee-owned company, PCL is defined by a culture that empowers its workforce and prioritizes the employee experience. By partnering with Navan, PCL is moving away from decentralized manual workflows toward a high-performance, unified tech stack.

“PCL’s 120-year history is a testament to our ability to adapt and lead. We have always embraced technology to modernize our business and improve the lives of our employees,” said Gordon Stephenson, Chief Financial Officer at PCL Construction. “In Navan, we found a partner that matches our resilient, tech-forward mindset. By unifying travel and expense, we are removing the friction of manual processes and giving our teams a superior, digital-first experience that allows them to stay focused on building the future.”

The decision to adopt Navan reflects a commitment to driving operational excellence across PCL’s more than 30 major centers. Key drivers of the partnership include:

“Navan aims to be the engine behind the world’s most forward-thinking organizations, and PCL Construction is a premier example of a global leader that refuses to settle for the status quo,” said Michael Sindicich, President of Navan. “By integrating travel and expense into a single AI-powered workflow, PCL is setting a new standard for productivity in the construction industry. This partnership continues Navan’s momentum as the platform of choice for complex, global enterprises that demand both financial control and a premium user experience.”

PCL Construction joins a growing list of enterprise organizations switching to Navan, including industry leaders from across Canada and the construction sector. This momentum is underscored by Navan’s recent ranking as the No. 1 Travel Management Software in Canada in the G2 Spring 2026 Rankings, cementing its position as the preferred choice for Canadian companies demanding modern, scalable travel and expense solutions.

About PCL Construction

PCL Construction is one of the most respected and accomplished global construction leaders, comprising independent companies operating throughout the United States, Canada, the Caribbean and Australia. With an annual construction volume of $9.9 billion USD, PCL builds projects that shape communities and strengthen infrastructure. The company’s 100% employee ownership model fuels a culture of commitment for clients in the buildings, civil infrastructure, heavy industrial and solar markets. With a strategic presence in more than 30 major centers, PCL’s leadership teams consistently drive innovation and set new benchmarks for excellence, bringing unparalleled skill to every project. Watch us build at PCL.com.

About Navan

Navan (NASDAQ: NAVN) is the global AI-powered business travel and expense platform that makes travel easy for frequent travelers. From finding flights and hotels, to automating expense reconciliation, with 24/7 support along the way, Navan delivers an intuitive experience travelers love and finance teams rely on. See how Navan customers benefit and learn more at navan.com.

Forward-Looking Statements

All statements in this press release other than statements of historical fact could be deemed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are often identified by words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “project,” “will,” or similar expressions. Such statements are subject to risks, uncertainties and other factors that may cause actual results to be materially different from any future results expressed or implied by the forward-looking statements. These risks and other factors include the risks described under the caption “Risk Factors” in Navan’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (“SEC”) on December 15, 2025 and in other reports Navan files from time to time with the SEC. Except as required by law, Navan undertakes no obligation, and does not intend, to update these forward-looking statements.

PCL Construction Selects Navan to Transform Global Travel and Expense Operations