FONT-SIZE Plus   Neg

Novatel Names Alex Mashinsky Interim CEO - Quick Facts

Novatel Wireless Inc (NVTL), a provider of intelligent wireless solutions, Friday named Alex Mashinsky as interim chief executive officer, replacing Peter Leparulo who will continue to serve on the board. Mashinsky was appointed to the company's board in April 2014.

The board is engaging an executive search firm to evaluate candidates for a permanent CEO. The Board also promoted Slim Souissi, CTO of Novatel Wireless, to president and chief operating officer.

Alex Mashinsky has served since 2004 as managing partner of Governing Dynamics, an early stage investment and development company. Prior to that, Mashinsky was founder and CEO of GroundLink and has also founded and operated a number of companies in the information technology sector.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
AT&T announced a definitive agreement to purchase Time Warner in a stock-and-cash transaction valued at $107.50 per share. This purchase price implies a total equity value of $85.4 billion and a total transaction value of $108.7 billion, including Time Warner's net debt. AT&T expects the deal to close before year-end 2017. Chipmaker Qualcomm is reportedly in talks with NXP Semiconductor NV (NXPI) for a possible acquisition, reports said. According to Bloomberg, negotiations are on with a probable price of $110 t $120 per NXP share. The deal would value NXP at around $34.7 billion. Regulators have confirmed the eleventh U.S. fatality linked to Takata Corp.'s defective air bag inflators. The National Highway Traffic Safety Administration or NHTSA said Thursday that a crash fatality in Riverside County, California, was tied to the rupture of a recalled Takata air bag inflator.
comments powered by Disqus
Follow RTT