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TMCNet:  Novatel Wireless Appoints Chief Financial Officer

[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. (NVTLF)

(C) 2014 Novatel Wireless, Inc. All rights reserved. The Novatel Wireless name and logo are trademarks of Novatel Wireless, Inc.


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