TORONTO, May 5, 2022
/CNW/ - TeraGo Inc. ("TeraGo" or the "Company") (TSX:
TGO) (www.terago.ca), has appointed Philip Jones as Chief Financial Officer ("CFO")
effective May 24, 2022. Andy Ramsey, who served as VP Finance and
Interim CFO will be departing TeraGo to pursue other professional
opportunities.
Jones brings more than 25 years of financial experience, with 18
of those years in CFO roles across public and private corporations
within the software, technology, and media industries space. Most
recently, he served as CFO of Redline Communications, a designer
and manufacturer of both hardware and software in private wireless
networks for industrial and mission-critical applications, through
Redline's sale to Aviat Networks. During his tenure, he managed the
financial, investor relations, human relations, and IT &
Contract management operations of the business, in addition to
securing multiple funding rounds for the company. Prior to
that, he served as CFO of Maru Group North America, Mundo Media
Ltd., VFM Leonardo Inc. (now Leonardo Worldwide Corporation), and
Exposoft Solutions Inc.
Jones holds a Bachelor of Arts in Economics from the
University of Western Ontario and has
CPA/CA and Corporate Finance (CF) Designations from CPA Canada.
"On behalf of the TeraGo management team, I would like to
welcome Phil to our organization," said TeraGo CEO Matthew Gerber. "After a comprehensive vetting
process that lasted more than seven months, we found the right
person to lead our finance team during this dynamic, pivotal period
in our company's history. Phil's prior tenure in multiple CFO
positions, in conjunction with his hands-on approach and industry
knowledge base makes him the ideal person for the CFO role at
TeraGo. Our team is looking forward to working closely with Phil as
we grow our fixed wireless access business and move to become
Canada's leading provider of
mmWave 5G private networks."
Gerber added: "I also want to thank Andy
Ramsey for his contributions to TeraGo. Andy has done a
phenomenal job in helping to execute the divestiture of our Cloud
and Colocation business, orchestrating the internal operations of
our finance team and ensuring that all of our public financial
statements were submitted in a timely manner. Our entire team
thanks Andy for his service to TeraGo for the past five years and
wish him the best in his future endeavors."
About TeraGo
TeraGo provides wireless connectivity and
private 5G wireless networking services to businesses operating
across Canada. The Company holds
2120 MHz of exclusive spectrum licenses in the 24 GHz and 38 GHz
spectrum bands, which it utilizes to provide secure and
reliable enterprise grade networking and connectivity services.
TeraGo serves over 1,800 Canadian and Global businesses operating
in major markets across Canada,
including Toronto, Montreal, Calgary, Edmonton, Vancouver, Ottawa and Winnipeg, and has been providing wireless
services since 1999. For more information about TeraGo, please
visit www.terago.ca.
SOURCE TeraGo Inc.