TORONTO, March 1,
2024 /CNW/ - TERAGO Inc. ("TERAGO" or the
"Company") (TSX: TGO, www.terago.ca) has
announced the appointment of Parveen Mithra as Interim CFO and a
renewed search for a permanent Chief Financial Officer (CFO) after
the resignation of Jason
Toledano.
Mr. Toledano has informed TERAGO that he will not be able to
fulfill the duties of the CFO for personal family reasons. Parveen
Mithra has agreed to act and been appointed as Interim CFO until
April 30, 2024, or until a new
permanent CFO is appointed.
TERAGO's Board has immediately enacted a Transition Leadership
Team, led by current Independent Director and Chair of the
Compensation Committee, Martin
Pinnes, until a permanent CFO is confirmed and
announced.
Other members of the Transition Leadership Team include:
- Ken Campbell – Chair of
Board
- Dan Vucinic — Chief Executive Officer
About TERAGO
TERAGO provides wireless connectivity and private 5G wireless
networking services to businesses operating across Canada. As Canada's biggest mmWave spectrum holders, the
Company possesses exclusive spectrum licenses in the 24 GHz and 38
GHz spectrum bands, which it utilizes to provide secure, dedicated
SLA guaranteed enterprise grade performance that is technology
diverse from buried cables ensuring high availability 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. For further information, please contact:
Forward-Looking Statements This news release includes certain
forward-looking statements. By their nature, forward-looking
statements are subject to numerous risks and uncertainties, some of
which are beyond TERAGO's control. Forward-looking statements may
include but are not limited to statements regarding the further
developing our 5G Fixed Wireless Access program, consistently
executing across all fronts of the business, success in providing
Canadian enterprises with managed services and the 5G fixed
wireless trials being conducted by the Company. All such statements
constitute "forward-looking information" as defined under,
applicable Canadian securities laws. Any statements contained
herein that are not statements of historical facts constitute
forward-looking information. Except as may be required by
applicable Canadian securities laws, TERAGO does not intend, and
disclaims any obligation, to update or revise any forward-looking
statements whether in words, oral or written as a result of new
information, future events or otherwise.
SOURCE TeraGo Inc.