|[May 20, 2014]
Novatel Wireless Announces Departure of Chief Financial Officer
SAN DIEGO --(Business Wire)--
Novatel Wireless (News - Alert), Inc. (NASDAQ: NVTL), a leading provider of intelligent
wireless solutions, announced that chief financial officer, Kenneth
Leddon, has decided to leave the company effective May 31, 2014. Mr.
Leddon has accepted a chief financial officer position with another
"Ken has made important contributions to the company over the last six
years and we wish him every success in his new position," said Peter
Leparulo, chief executive officer of Novatel Wireless. "Ken will remain
a valued friend of the company."
Commenting on his time with the company, Mr. Leddon noted, "I value my
experience at Novatel Wireless and appreciate having the opportunity to
work with so many talented people in this exciting industr. I wish the
company and my colleagues here all the best as the company moves forward
on its business transition plan."
The Company is engaging an executive search firm to evaluate candidates
for a new chief financial officer, including interim candidates.
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.
(C) 2014 Novatel Wireless, Inc. All rights reserved. The Novatel
Wireless name and logo are trademarks of Novatel Wireless, Inc.
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