Inseego Announces Chairman of the Board Transition

Core Viewpoint - Inseego Corp. has undergone significant leadership changes, with Phil Brace stepping down as Executive Chairman to become CEO of Skyworks Solutions, while Jeff Tuder has been appointed as the independent Chairman of the Board [2][4][5] Leadership Changes - Phil Brace has transitioned from Executive Chairman of Inseego to CEO of Skyworks Solutions, following a successful overhaul of Inseego's capital structure and management team [2][3] - Jeff Tuder, who has been on Inseego's Board since 2017, has been appointed as the independent Chairman of the Board, effective immediately [4][5] Company Transformation - Under Brace's leadership, Inseego completed a major overhaul of its capital structure, reducing total debt and improving liquidity [3] - The company successfully divested its non-core international telematics business and strengthened its management team with key executive hires, including Juho Sarvikas as the new CEO [3] Future Outlook - Juho Sarvikas expressed commitment to driving continued value creation for stockholders and emphasized the company's mission to become a leading provider of wireless connectivity solutions [5] - The Board is actively seeking candidates with relevant industry experience to join the Board of Directors as part of its ongoing governance process [5] Financial Guidance - Inseego announced that there was no change to its financial guidance for the fourth quarter of 2024, which will be reported on February 19, 2025 [6]