Novatel Wireless Appoints Interim Chief Financial Officer
June 27 2014 - 5:44PM
Business Wire
Novatel Wireless, Inc. (NASDAQ: NVTL), a leading provider of
machine to machine (M2M) wireless solutions, announced that the
Board of Directors has appointed Tom Allen as Interim Chief
Financial Officer. The Board is engaging an executive search firm
to evaluate candidates for a permanent Chief Financial Officer.
“Tom Allen brings a wealth of executive experience, including
CFO and COO roles at public companies,” said Sue Swenson, Chairman
of the Board of Novatel Wireless. “We are pleased to have him
serving as our Interim CFO as we search for a permanent
replacement.”
Prior to joining the Company, Tom Allen, age 61, served as
Executive Vice President, Chief Operating and Chief Financial
Officer for Outdoor Channel Holdings, Inc., a publicly traded
national cable television network and production services company
which was acquired in 2013 by Kroenke Sports and Entertainment. In
1997, Mr. Allen co-founded ACME Communications, a US-based
broadcasting company, where he continues to serve on its board of
directors and served as its Chief Financial Officer until 2010.
Throughout his career, Mr. Allen has held executive positions at
major broadcasting and entertainment firms including Chief
Operating Officer and Chief Financial Officer for Virgin
Interactive Entertainment and Chief Financial Officer of the Fox
Broadcasting Company. He has also served as board director for
public and private companies. Mr. Allen attended the University of
Southern California and is a certified public accountant.
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 WirelessMatthew
Hunt or David Niederman, 415-489-2194 or
415-489-2189matt@blueshirtgroup.comdavid@blueshirtgroup.com
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