Telenav Announces Transition of Chief Financial Officer
September 12 2018 - 7:00AM
Telenav®, Inc. (NASDAQ:TNAV), a leading provider of connected car
and location-based services, today announced that Michael
Strambi, Chief Financial Officer, has decided to leave the
Company. Mr. Strambi has agreed to remain with the Company in
his current role until January 2, 2019 to facilitate an orderly
transition. Telenav has begun a search to identify qualified
candidates to fill the Chief Financial Officer position.
“Since Mike’s arrival to Telenav nearly nine years ago, he has
been an instrumental part of our senior leadership team, managing
our financial and accounting activities and investor relations,”
said HP Jin, President and CEO of Telenav. “Mike also built a
strong finance team that will continue to support the company
through the transition. I want to thank him for his many
contributions, time, and dedication to Telenav.”
“I am proud of the work we have achieved at Telenav positioning
the company as a leader in the connected car market, penetrating
significant automotive brands, and laying a solid foundation for
growth,” said Mr. Strambi. “The experience was tremendous, and I
look forward to seeing Telenav execute on the long-term strategy we
have implemented.”
Mr. Strambi’s departure is not related to a dispute with the
Company or any disagreement with the Company’s accounting
principles or practices, internal controls or financial statement
disclosures.
ABOUT TELENAV, INC.
Telenav is a leading provider of connected car and
location-based services, focused on transforming life on the go for
people - before, during, and after every drive. Leveraging our
location platform, we enable our customers to deliver custom
connected car and mobile experiences. Fortune 500 advertisers and
local advertisers can now reach millions of users with Telenav’s
highly-targeted advertising platform. To learn more about how
Telenav’s location platform powers personalized navigation,
mapping, big data intelligence, social driving, and location-based
advertising, visit www.telenav.com.
Copyright 2018 Telenav, Inc. All Rights Reserved.
“Telenav,” “Scout,” “Thinknear” and the Telenav, Scout and
Thinknear logos are registered trademarks of Telenav,
Inc. Unless otherwise noted, all other trademarks, service
marks, and logos used in this press release are the trademarks,
service marks or logos of their respective
owners. TNAV-FTNAV-C
Investor Relations:Bishop IRMike
Bishop415-894-9633IR@telenav.com
Media:Raphel
Finelli408-667-5970raphelf@telenav.com
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