Novatel Wireless Announces Leadership Change
June 13 2014 - 04:15PM
Business Wire
Appoints Alex Mashinsky as Interim Chief
Executive Officer; Board Initiates Search for Permanent Chief
Executive Officer;Slim Souissi Appointed President and COO
Novatel Wireless, Inc. (NASDAQ: NVTL), a leading provider of
intelligent wireless solutions, announced that the Board of
Directors has appointed Alex Mashinsky Interim Chief Executive
Officer, replacing Peter Leparulo who will continue to serve on the
Board of Directors. Mr. Mashinsky was appointed to the Company’s
Board of Directors in April 2014. The Board is engaging an
executive search firm to evaluate candidates for a permanent Chief
Executive Officer. The Board also promoted Slim Souissi, CTO of
Novatel Wireless, to President and Chief Operating Officer.
“We are pleased that Alex Mashinsky has taken on the role of
Interim CEO as we begin a search for a permanent replacement,” said
Sue Swenson, Chairman of the Board of Novatel Wireless. “We want to
thank Peter Leparulo for his many years of service at Novatel
Wireless.”
“Novatel Wireless has a strong technological leadership position
and a strengthening presence in the rapidly growing M2M market,”
added Alex Mashinsky, interim Chief Executive Officer of Novatel
Wireless. “We will build on these strengths in this new chapter in
Novatel Wireless’ development.”
Alex Mashinsky, 48, has served since 2004 as Managing Partner of
Governing Dynamics, an early stage investment and development
company. Prior to that, Mr. Mashinsky was founder and CEO of
GroundLink and has also founded and operated a number of companies
in the information technology sector, including Arbinet and Transit
Wireless. Mr. Mashinsky attended Tel Aviv University and Israel
Open University.
“I want to thank all the employees for their hard work as we
transformed Novatel Wireless over the past ten years,” said Peter
Leparulo. “I have had the privilege of working with extraordinary
colleagues whose talent and dedication have brought unparalleled
innovation to our industry.”
ABOUT NOVATEL WIRELESS
Novatel Wireless, Inc. is a leader in the design and development
of intelligent wireless solutions based on 2G, 3G and 4G
technologies. The Company delivers specialized wireless solutions
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 WirelessMatthew
Hunt, 415-489-2194matt@blueshirtgroup.comorDavid Niederman,
415-489-2189david@blueshirtgroup.com
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