|[June 27, 2014]
Novatel Wireless Appoints Interim Chief Financial Officer
SAN DIEGO --(Business Wire)--
Novatel Wireless (News - Alert), 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. Alle 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.
(C) 2014 Novatel Wireless, Inc. All rights reserved. The Novatel
Wireless name and logo are trademarks of Novatel Wireless, Inc.
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