Novatel Wireless Appoints Chief Financial Officer
September 02 2014 - 8:00AM
Business Wire
Novatel Wireless, Inc. (NASDAQ: NVTL), a leading provider of
Internet of Things, announced that the Company has appointed
Michael Newman as Executive Vice President and Chief Financial
Officer.
“Mike Newman brings a wealth of executive, financial, legal and
operational experience, including the unique skillset of having
served as CFO and General Counsel at Websense, Inc., a San
Diego-based publicly traded technology company,” said Alex
Mashinsky, interim Chief Executive Officer of Novatel Wireless.
“He’s the right executive at the right time for Novatel and we’re
delighted to add him to our leadership team as we continue to
execute our turnaround strategy.”
Prior to joining the Company, Mr. Newman, 45, served in senior
executive level positions at Websense, Inc. over an eleven-year
span from 2002 to 2013. From 2011 to 2013, he served as Chief
Financial Officer, and from 2002-2011 he served in a variety of
capacities, including General Counsel and Chief Administrative
Officer. While at Websense, Mr. Newman was responsible for a wide
range of corporate functions including accounting, finance, legal,
IT, sales operations and human resources. Mr. Newman co-led the
company’s M&A activity, including the sale of Websense to a
private-equity buyer in 2013. Prior to his time with Websense, Mr.
Newman handled securities and corporate development matters in the
legal department for Gateway, Inc., a publicly-traded computer
manufacturer. Mr. Newman holds a JD from Harvard Law School and a
B.S. in Business Administration from Georgetown University.
Tom Allen, who has served as the Company’s Interim Chief
Financial Officer since June 2014, will continue to provide
consulting services to the Company, including transition assistance
to Mr. Newman in his new role as CFO.
ABOUT NOVATEL WIRELESS
Novatel Wireless, Inc. is a leader in the design and development
of M2M wireless solutions based on 2G, 3G and 4G technologies. The
Company delivers Internet of Things (IoT) and SAAS services to
carriers, distributors, retailers, OEMs and vertical markets
worldwide. Product lines include MiFi ® Intelligent Mobile
Hotspots, Ovation™ USB modems, Expedite ® embedded modules, Mobile
Tracking Solutions, Asset Tracking Solutions, and Enabler smart M2M
modules. These innovative products provide anywhere, anytime
communications solutions for consumers and enterprises.
Headquartered in San Diego, California, Novatel Wireless is listed
on NASDAQ: NVTL. For more information please visit www.nvtl.com.
(NVTLF)
(C) 2014 Novatel Wireless, Inc. All rights reserved. The Novatel
Wireless name and logo are trademarks of Novatel Wireless, Inc.
Investor contact:The Blueshirt Group for Novatel WirelessDavid
Niederman, 415-489-2189davidn@blueshirtgroup.com
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