Inseego Appoints Steven Gatoff as Chief Financial Officer
14 Septembre 2023 - 10:10PM
Business Wire
Inseego Corp., a leader in 5G edge cloud solutions, today
announced the appointment of Steven Gatoff as Chief Financial
Officer, effective September 14, 2023. Mr. Gatoff will succeed
Robert G. Barbieri, who will be stepping down from the CFO role to
pursue his desire to return to his consulting business.
“I’m delighted to welcome Steven to Inseego as our new Chief
Financial Officer,” said Ashish Sharma, President and CEO at
Inseego. “He has a proven track-record at multiple high-growth
technology and telecom companies and brings extensive financial,
operational, and strategic experience to Inseego, and his financial
operations experience will help us in growing the company
profitably through disciplined financial planning and
analysis.”
Mr. Gatoff has more than 25 years of financial expertise and
leadership experience, and a distinctive track record of driving
value creation for technology and telecom companies with both large
public companies and earlier-stage, hyper-growth environments. Mr.
Gatoff joins Inseego from driving growth at several innovative
start-up technology companies, after having served as public
company CFO at Absolute Software, 8x8, Rapid7 and iPass. Earlier in
his career, he has also held senior finance roles at United Online,
Sterling Commerce, and VeriSign. Mr. Gatoff was previously an
investment banker with several Wall Street firms, including Morgan
Stanley, Bear Stearns, and Credit Suisse, and has deep experience
in debt and equity capital markets and M&A. He began his career
as an auditor with Deloitte and holds an MBA with honors from
Columbia University.
Mr. Sharma added, “I also want to thank Bob Barbieri, who joined
the company as a CFO a couple of years ago and worked through a
challenging period for the company. We appreciate all of Bob’s
efforts over the last couple of years. Bob will be available to
consult with us in the near term to ensure a smooth
transition.”
Inseego has issued an inducement award of 250,000 stock options
to Mr. Gatoff. 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 September 14, 2023, 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. is the industry leader in 5G Enterprise cloud WAN
solutions, with millions of end customers and thousands of
enterprise and SMB customers on its 4G, 5G, and cloud platforms.
Inseego's 5G Edge Cloud combines the industry's best 5G technology,
rich cloud networking features, and intelligent edge applications.
Inseego powers new business experiences by connecting distributed
sites and workforces, securing enterprise data, and improving
business outcomes with intelligent operational visibility---all
over a 5G network. For more information on Inseego, visit
www.inseego.com #Putting5GtoWork
©2023. Inseego Corp. All rights reserved. Inseego and MiFi are
registered trademarks of Inseego Corp.
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version on businesswire.com: https://www.businesswire.com/news/home/20230914776343/en/
Kurt Scheuerman +1 (858)-812-8098
Kurt.Scheuerman@inseego.com
Inseego (NASDAQ:INSG)
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