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Vivint Founder, CEO Todd Pedersen to step down Vivint Smart Home Inc. said Monday that Chief Executive Todd Pedersen will step down from his role, once a successor has been found. Pedersen, who also founded the company, will remain on the integrated smart home company’s board of directors. Pedersen founded the company in 1999 as APX Alarm, then rebranded the company to Vivint in 2010. “I have decided that after 20 years of building a successful company, it is time for me to pursue my other entrepreneurial goals and devote myself to those investments and businesses,” Pedersen said. The stock, which was still inactive in premarket trading, has tumbled 35.1% year to date, while the S&P 500 has gained 10.6%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Todd pedersenVivint smart home incVivint smart homeChief executive todd pedersenMarket pulse storiesடாட் பெடர்‌ஸெந்விவிண்ட் புத்திசாலி வீடு இன்க்விவிண்ட் புத்திசாலி வீடுசந்தை துடிப்பு கதைகள்