Novatel appoints Sue Swenson as CEO, terminates Alex Mashinsky

Novatel Wireless CEO Sue Swenson
Novatel Wireless has appointed Sue Swenson as chief executive officer and terminated the current CEO Alex Mashinsky.

Sue is the currently the chairperson of Novatel.

The company did not reveal reasons for terminating the services of Alex Mashinsky and asking him to step down the board.

Sue Swenson was president and COO of PacTel Cellular, which later became part of AirTouch Cellular. She served as CEO and president of Cellular One and as president of Leap Wireless before landing at T-Mobile USA where she was COO until moving to MVNO startup Amp’d Mobile.

Most recently she served as CEO of Sage, a software firm.

Swenson also sits on a number of boards including those of Harmonic, Spirent, and Wells Fargo.

Meanwhile, Novatel Wireless expects to report third quarter revenues of $54 to $55 million, with third quarter negative adjusted EBITDA of $0.2 to $0.6 million.

Novatel Wireless develops M2M wireless solutions based on 3G and 4G technologies. The company delivers Internet of Things (IoT) and Cloud SaaS services to carriers, distributors, retailers, OEMs and vertical markets worldwide.

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