|[September 02, 2014]
Novatel Wireless Appoints Chief Financial Officer
SAN DIEGO --(Business Wire)--
Novatel Wireless (News - Alert), Inc. (NASDAQ: NVTL), a leading provider of Internet of
Things, announced that the Company has appointed Michael Newman as
Executive Vice President and Chief Financial Officer.
"Mike Newman brings a wealth of executive, financial, legal and
operational experience, including the unique skillset of having served
as CFO and General Counsel at Websense (News - Alert), Inc., a San Diego-based publicly
traded technology company," said Alex Mashinsky, interim Chief Executive
Officer of Novatel Wireless. "He's the right executive at the right time
for Novatel and we're delighted to add him to our leadership team as we
continue to execute our turnaround strategy."
Prior to joining the Company, Mr. Newman, 45, served in senior executive
level positions at Websense, Inc. over an eleven-year span from 2002 to
2013. From 2011 to 2013, he served as Chief Financial Officer, and from
2002-2011 he served in a variety of capacities, including General
Counsel and Chief Administrative Officer. While at Websense, M. Newman
was responsible for a wide range of corporate functions including
accounting, finance, legal, IT, sales operations and human resources.
Mr. Newman co-led the company's M&A activity, including the sale of
Websense to a private-equity buyer in 2013. Prior to his time with
Websense, Mr. Newman handled securities and corporate development
matters in the legal department for Gateway (News - Alert), Inc., a publicly-traded
computer manufacturer. Mr. Newman holds a JD from Harvard Law School and
a B.S. in Business Administration from Georgetown University.
Tom Allen, who has served as the Company's Interim Chief Financial
Officer since June 2014, will continue to provide consulting services to
the Company, including transition assistance to Mr. Newman in his new
role as CFO.
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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