Inseego Corp. Appoints Chief Financial Officer
August 21 2017 - 6:03AM
Business Wire
Inseego Corp. (NASDAQ: INSG), a leading global provider of
mobile broadband and software-as-a-service (“SaaS”) solutions for
the Internet of Things (“IoT”), announced that the Company has
appointed Stephen Smith as Executive Vice President and
Chief Financial Officer.
"Steve Smith is a proven leader who brings a wealth of senior
executive experience and a track record of success in finance and
operations in a number of wireless and device technology
companies,” said Dan Mondor, President and Chief Executive
Officer of Inseego. “His appointment strengthens the Inseego
management team and his contribution will be instrumental as we
continue to execute our strategy of cost savings and growth
initiatives."
Mr. Smith, 59, is a long-time San Diego native. Since 2016, he
served as a financial consultant serving multiple early and
mid-stage SaaS, Networking, and 3D Imaging businesses, and has
served as interim CFO of TetraVue Inc., a developer of high
definition 4D LIDAR technology, since February 2017. From 2012 to
2016 he served as Chief Financial Officer and Head of Operations
for Micropower Technologies, a private equity-backed business
engaged in the development and sale of platforms enabling extreme
low-power wireless video surveillance systems. From 2005 to 2012 he
ran his own consulting business and also served as President of
XiTron Technologies, a development stage Biotech firm that was sold
to ImpediMed Ltd (ASX:IPD), a publicly-traded medical device
company. From 1999-2005, he served as Senior Vice President and
Chief Finance and Accounting Officer of Applied Micro Circuits
Corporation (NASDAQ: AMCC), a publicly-traded semiconductor company
that designs network and embedded power architecture, optical
transport and storage solutions. Mr. Smith previously held senior
finance and accounting positions with ST Microelectronics, Northern
Telecom and Motorola. Mr. Smith serves as a director of the
Business Executive Council of San Diego, and Niels Brock/CIBU, a
Denmark based International Business University. He holds a
bachelor of science degree in accounting from Arizona State
University.
Tom Allen, who has served as the Company's Interim Chief
Financial Officer since May 16, 2017, will continue to provide
consulting services to the Company, including transition assistance
to Mr. Smith in his new role as CFO. Mondor continued, “I
would like to thank Tom for his invaluable contribution to the
company during the planning and initial implementation phase of our
cost savings and growth initiatives.”
ABOUT INSEEGO CORP
Inseego Corp. (Nasdaq: INSG) is a leading global provider of
MiFi®-branded intelligent wireless solutions for the worldwide
mobile communications market and software-as-a-service (SaaS) and
solutions for the Internet of Things (IoT). The Company sells its
telematics solutions under the Ctrack brand, including its fleet
management, asset tracking and monitoring, stolen vehicle recovery,
and usage-based insurance platforms. Inseego Corp. also sells
business connectivity solutions and device management services
through Inseego North America (formerly Feeney Wireless). The
Company is headquartered in San Diego, California. www.inseego.com
Twitter @inseego
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version on businesswire.com: http://www.businesswire.com/news/home/20170821005214/en/
Inseego Corp.Heather Cottriel,
858-812-8050heather.cottriel@inseego.com
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