Frontdoor appoints Bala Ganesh as new chief technology officer

MEMPHIS - Frontdoor, Inc. (NASDAQ:FTDR), which has seen its stock surge 70% over the past year and maintains a GREAT financial health rating according to InvestingPro, announced Tuesday that Dr. Bala Ganesh will become Senior Vice President and Chief Technology Officer, effective July 14, 2025.

Ganesh, who has served on Frontdoor’s board of directors since July 2023, will resign from that position effective June 30, 2025. He previously worked as Chief Technology Officer at OnTrac Logistics and as a Partner at AKF Consulting LLC.

Before these roles, Ganesh spent over 10 years at United Parcel Service in various technology leadership positions, including Vice President of Engineering where he managed UPS’s global technology innovation strategy. As Vice President of Advanced Technology, he led UPS’s strategy for aerial drones, robotics, and artificial intelligence.

"From his past work with Frontdoor, he is deeply familiar with our technology and operating systems," said Bill Cobb, Frontdoor’s chairman and chief executive officer.

Ganesh holds a PhD in aerospace engineering with a minor in mathematics from the Georgia Institute of Technology, where he also earned an MBA and a Master of Science in aerospace engineering. He previously served as a fighter pilot in the Indian Air Force for six years after graduating from the Indian National Defence Academy.

Frontdoor describes itself as the industry leader in home warranties and new home structural warranties through its brands American Home Shield and 2-10 Home Buyers Warranty, which together serve more than two million members.

This information is based on a company press release statement.

In other recent news, Frontdoor, Inc. reported first-quarter earnings that exceeded analyst expectations, with adjusted earnings per share reaching $0.64, surpassing the estimate of $0.44. The company’s revenue for the quarter was $426 million, beating the consensus estimate of $412.16 million and marking a 13% year-over-year increase. Following these results, Frontdoor raised its full-year 2025 revenue guidance to between $2.03 billion and $2.05 billion and increased its adjusted EBITDA outlook to $500-520 million. Goldman Sachs responded by raising its price target for Frontdoor to $44 from $40, although it maintained a Sell rating on the company’s shares.

Frontdoor’s management highlighted strategic priorities, including growing and retaining warranty members, enhancing margins, and leveraging dynamic pricing. The company also noted the integration of the 2-10 Home Buyers Warranty as a factor in its improved guidance. Frontdoor’s gross profit margin expanded to a record 55% for the first quarter, driven by a 3% increase in pricing and a 10% rise in volume. The company has repurchased $105 million worth of shares year-to-date and plans to increase its 2025 share repurchase target to at least $200 million. Analysts from Goldman Sachs indicated that the increased guidance reflects management’s confidence in navigating economic uncertainties.

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