Inseego Announces Appointment of Robert Barbieri as Chief Financial Officer
25 October 2021 - 10:30PM
Business Wire
Inseego Corp. (Nasdaq: INSG), a leader of 5G and intelligent IoT
device-to-cloud solutions, today announced that Robert G. Barbieri,
who has been serving as the Company’s interim Chief Financial
Officer, has been appointed Chief Financial Officer on a permanent
basis, effective October 25, 2021.
“We are extremely pleased to have Bob assume the CFO role on a
permanent basis,” said Dan Mondor, Chairman of the Board and CEO of
Inseego. “Bob has demonstrated his leadership, financial skills and
deep operating experience since joining us. It became obvious to
the entire senior management team that appointing Bob to permanent
CFO will help us successfully execute on our corporate
strategy.”
Mr. Barbieri has been serving as the Company’s interim Chief
Financial Officer since April 5, 2021. Mr. Barbieri has served as a
Partner with TechCXO, LLC, a professional services firm that
provides experienced, C-Suite professionals to deliver strategic
and functional consulting services (“TechCXO”), since 2019. Before
joining TechCXO, Mr. Barbieri led his own firm, CxO Advisory
Services, which provided similar strategic and functional
consulting services, from 2010 to 2019. Mr. Barbieri has more than
30 years of experience as a senior executive and management
advisor. Mr. Barbieri has served in senior financial leadership
positions with a number of companies, including Chief Financial and
Performance Officer at Lawson Software, Inc., a publicly traded
international technology, software and e-commerce solution company;
Executive Vice President and Chief Financial Officer at TriZetto, a
publicly traded healthcare IT company; Chief Financial Officer at
Apogee Enterprises, a publicly traded glass and coatings
technologies company; Chief Financial Officer at ABILITY Network,
Inc., a leading healthcare technology company; Chief Financial
Officer at Converge One, a leader in telecommunication technology;
Chief Financial Officer at Textura, a cloud collaboration company;
and a senior executive with Air Products, a global manufacturing
and services company.
Mr. Barbieri is a Certified Management Accountant and holds both
a B.S. in Business Administration and Accounting and an M.B.A. in
Financial Management from Drexel University.
Inseego has issued an inducement award of 375,000 stock options
to Mr. Barbieri. The options will have a ten-year term and an
exercise price equal to the closing price per share of Inseego’s
common stock as reported by NASDAQ on October 25, 2021, the date of
grant. The options will vest over a four-year period, with 25% of
the options vesting on the first anniversary of the date of grant
and the remainder vesting in equal monthly installments over the
three years thereafter. The option grant was approved by the
independent compensation committee of Inseego’s board of directors
in accordance with Nasdaq Marketplace Rule 5635(c)(4).
About Inseego Corp.
Inseego Corp. (Nasdaq: INSG) is an industry leader in smart
device-to-cloud solutions that extend the 5G network edge, enabling
broader 5G coverage, multi-gigabit data speeds, low latency and
strong security to deliver highly reliable internet access. Our
innovative mobile broadband, fixed wireless access (FWA) solutions,
and software platform incorporate the most advanced technologies
(including 5G, 4G LTE, Wi-Fi 6 and others) into a wide range of
products that provide robust connectivity indoors, outdoors and in
the harshest industrial environments. Designed and developed in the
USA, Inseego products and SaaS solutions build on the company’s
patented technologies to provide the highest quality wireless
connectivity for service providers, enterprises, and government
entities worldwide. www.inseego.com #Putting5GtoWork
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version on businesswire.com: https://www.businesswire.com/news/home/20211025005159/en/
Media contact: Anette Gaven Tel: +1 (619) 993-3058 Email:
Anette.Gaven@inseego.com
Or
Investor Relations contact: Joo-Hun Kim, MKR Group Tel: +1 (212)
868-6760 Email: joohunkim@mkrir.com
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