Sierra Wireless Board of Directors Appoints Kent Thexton as President & CEO and Robin Abrams as Chair
October 16 2018 - 4:00AM
Business Wire
Thexton brings extensive global expertise in
both cellular wireless and IoT to accelerate the Sierra Wireless
IoT Device-to-Cloud strategy
Sierra Wireless (NASDAQ:SWIR) (TSX:SW), the leading provider of
fully integrated device-to-cloud solutions for the Internet of
Things (IoT), today announced that Kent Thexton has been appointed
to the position of President & Chief Executive Officer of the
company. Mr. Thexton has been serving as interim President &
CEO since May 31st, 2018 and will assume the permanent role on
November 1, 2018.
Mr. Thexton brings a wealth of knowledge and leadership
experience in the cellular wireless and IoT industries as well as
venture capital technology investing. He held prominent roles as
Founding Chief Marketing Officer and board member of O2 plc in the
U.K. (now part of Telefonica); the Chief Operating Officer of
Rogers Cantel in Canada; and he co-founded a Mobile Virtual Network
Operator (MVNO) business in the U.S. Mr. Thexton has spent the past
five years in Canada as Managing Partner at OMERS Ventures and
Co-founder and General Partner at ScaleUp Ventures.
On accepting his role as President & CEO, Mr. Thexton
commented: “I am passionate about Sierra Wireless’s global
leadership opportunity and honored to lead the company on a
permanent basis. For the past four months, in my interim role, I
experienced the strong position Sierra Wireless has in the global
market and the major opportunity ahead with its strengthening
service and solutions business. With dynamic evolutions in the IoT
market, I am certain that a clear, aggressive strategy for the
company is critical in directing our resources towards key growth
opportunities.”
In addition, Robin Abrams, who has served on the company’s board
since 2010, has been appointed by the Board of Directors to be the
new Chair replacing Mr. Thexton who joined the board in March 2005
and has served as Chair since February 2016. Mr. Thexton will
continue to serve as a director on the company’s board.
In her new role, Ms. Abrams brings more than 30 years of
experience in the technology industry having held key management
positions for some of the world’s most high-profile technology
companies, including Apple, VeriFone, and Palm Computing. Ms.
Abrams is currently an active director on three other Boards of
U.S. based technology companies.
“I am pleased to accept the role of Chair of the Board,” said
Ms. Abrams. “Sierra Wireless is in an enviable market position, and
I firmly believe we have the right strategy and leadership in place
to realize the company’s potential.”
The appointment of both Mr. Thexton and Ms. Abrams comes as
Sierra Wireless is accelerating its device-to-cloud strategy,
including:
- leveraging its global leadership in IoT
modules and gateways into fully integrated IoT solutions,
- embracing the latest generation of
cellular Low Power Wide Area (LPWA) technologies,
- deploying eSIMs to provide customers
with a simple, scalable and flexible IoT solutions, and
- driving a 5G technology roadmap that
accelerates the company’s IoT leadership.
Mr. Thexton will be concluding his role as General Partner at
ScaleUp Ventures prior to his November 1st start date as President
& CEO of Sierra Wireless.
About Sierra Wireless
Sierra Wireless (NASDAQ:SWIR) (TSX:SW) is an IoT pioneer,
empowering businesses and industries to transform and thrive in the
connected economy. Customers start with Sierra because we offer a
device to cloud solution, comprised of embedded and networking
solutions seamlessly integrated with our secure cloud and
connectivity services. OEMs and enterprises worldwide rely on our
expertise in delivering fully integrated solutions to reduce
complexity, turn data into intelligence and get their connected
products and services to market faster. Sierra Wireless has 1,400
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”, “Legato” and “AirVantage” are trademarks 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 for the
introduction or enhancement of our services and products,
statements about future market conditions, supply conditions,
channel and end customer demand conditions, revenues, gross
margins, operating expenses, profits, and other expectations,
intentions, and plans contained in this press release that are not
historical fact. Our expectations regarding future revenues and
earnings depend in part upon our ability to successfully develop,
manufacture, and supply products that we do not produce today and
that meet defined specifications. 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, changes in
technology and changes in the wireless data communications market.
Many factors could cause our actual results, achievements and
developments in our business to differ significantly from those
expressed or implied by our forward-looking statements, including
without limitation, the risk factors discussed in our Annual
Information Form and Management's Discussion and Analysis of
Financial Condition and Results of Operations, which may be found
on SEDAR at www.sedar.com and on EDGAR
at www.sec.gov and in our other regulatory filings with
the Securities and Exchange Commission in the United States and the
Provincial Securities Commissions in Canada. 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. Forward-looking statements are provided
to help you understand our views of our short and long term plans,
expectations and prospects. We caution you that forward-looking
statements may not be appropriate for other purposes. We do not
intend to update or revise our forward-looking statements unless we
are required to do so by securities laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20181016005324/en/
Sierra WirelessMedia:Kim Homeniuk, +1
604-233-8028khomeniuk@sierrawireless.comorInvestors:David
Climie, +1 604-231-1137dclimie@sierrawireless.com
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