Sierra Wireless Announces Planned Retirement of Dave McLennan, Chief Financial Officer in mid-2020
December 05 2019 - 04:30PM
Business Wire
Sierra Wireless (NASDAQ: SWIR) (TSX: SW), the leading IoT
solutions provider that combines devices, network services and
software to unlock value in the connected economy, today announced
that after 16 years of dedicated service as Chief Financial Officer
(CFO), Dave McLennan has decided it is time to retire. By providing
a lengthy notice period, Dave will be assisting in the Company’s
transition to a new Chief Financial Officer. The Company has
engaged a global executive search firm and a formal process has
commenced to recruit a replacement. The Company expects to complete
the transition by the middle of 2020.
Dave has held the CFO role since early 2004, leading the Company
through a sustained period of market leadership. During this time,
he helped the Company grow its revenue base organically and most
recently led a series of strategic acquisitions that have
established the Company’s MVNO platform in Europe and North
America. Also, as Chief Transformation Officer over the past year,
he has led a number of significant programs to help improve overall
operating efficiency.
"Dave has built a strong foundation for our financial operations
and has been crucial to Sierra Wireless’ growth and overall success
these past 16 years," said Sierra Wireless President and CEO, Kent
Thexton. “He is a strong leader who understands our business,
clients and communities.”
Kent Thexton and the Board of Directors of Sierra Wireless
sincerely thank Dave for his dedicated service and helping the
Company transition to a new CFO and wish him well in his
well-earned retirement.
About Sierra Wireless Sierra Wireless (NASDAQ: SWIR)
(TSX: SW) is the leading IoT solutions provider that combines
devices, network services and software to unlock value in the
connected economy. Companies globally are adopting IoT to improve
operational efficiency, create better customer experiences, improve
their business models and create new revenue streams. Whether it is
an integrated solution to help a business securely connect edge
devices to the cloud, or a software/API service to help manage
processes associated with billions of connected assets, or a
platform to extract real-time data to make the best business
decisions, Sierra Wireless will work with you to develop the right
industry-specific solution for your next IoT endeavor. Sierra
Wireless has more than 1,300 employees globally and operates
R&D centers in North America, Europe and Asia. For more
information, visit www.sierrawireless.com.
Connect with Sierra Wireless on the IoT Blog at
http://www.sierrawireless.com/iot-blog, on Twitter at
@SierraWireless, on LinkedIn at
http://www.linkedin.com/company/sierra-wireless and on YouTube at
http://www.youtube.com/SierraWireless.
“Sierra Wireless” is a trademark of Sierra Wireless. Other
product or service names mentioned herein may be the trademarks of
their respective owners.
Forward Looking Statements This press release contains
forward-looking statements that involve risks and uncertainties.
These forward-looking statements relate to, among other things,
plans and timing regarding the Company’s CFO transition, and other
expectations, intentions, and plans contained in this press release
that are not historical fact. When used in this press release, the
words "plan", "expect", "believe", and similar expressions
generally identify forward-looking statements. These statements
reflect our current expectations. They are subject to a number of
risks and uncertainties, including, but not limited to, the
availability of qualified candidates and changing market
conditions. In light of the many risks and uncertainties
surrounding the wireless data communications market, you should
understand that we cannot assure you that the forward-looking
statements contained in this press release will be realized.
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version on businesswire.com: https://www.businesswire.com/news/home/20191205005880/en/
Kim Homeniuk Sierra Wireless Media Relations phone: +1 604 233
8028 pr@sierrawireless.com
David Climie Sierra Wireless Investor Relations phone: +1 604
231 1137 dclimie@sierrawireless.com
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