Sierra Wireless, a provider of devices, network services and software for IoT ecosystem, announced Dave McLennan, chief financial officer, will retire in mid 2020.

The company is looking for a new CFO and has engaged a global executive search firm. The Company expects to complete the transition by the middle of 2020.

Dave has held the CFO role since early 2004. He has helped the company grow its revenue base organically and most recently led a series of strategic acquisitions that have established the Company’s MVNO platform in Europe and North America.

Also, as chief transformation officer over the past year, he has led a number of significant programs to help improve overall operating efficiency, according to company officials.

“Dave has built a strong foundation for our financial operations and has been crucial to Sierra Wireless’ growth and overall success these past 16 years,” said Sierra Wireless President and CEO, Kent Thexton. “He is a strong leader who understands our business, clients and communities.”