Business
Inseego Announces Chairman of the Board Transition
Jeff Tuder appointed independent Chairman of the Board Phil Brace assumes CEO role at Skyworks Solutions and steps off Board of Directors following successful
About this update from Inseego Corp.
[{"type":"text","content":"Jeff Tuder appointed independent Chairman of the Board Phil Brace assumes CEO role at Skyworks Solutions and steps off Board of Directors following successful overhaul of the Company and appointment of new Inseego CEO Juho Sarvikas SAN DIEGO, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Inseego Corp. (Nasdaq: INSG) (“Inseego” or the “Company”), a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises, and SMBs, today announced that Phil Brace is stepping down from his role as Executive Chairman of the Company’s Board of Directors, effective immediately, in order to serve as CEO and board member of Skyworks Solutions, Inc. (Nasdaq: SWKS), a S&P 500 company. Under Brace’s leadership, Inseego completed a major overhaul of the Company’s capital structure to reduce total debt and improve the Company’s liquidity, successfully divested its non-core international telematics business, and strengthened the Company’s management team with a number of key executive and functional hires, capped-off with the addition of Juho Sarvikas as the Company’s new Chief Executive Officer last month. Jeff Tuder has been appointed as independent Chairman of the Company’s Board of Directors, effective immediately. Tuder has served on Inseego’s Board of Directors since 2017 and previously served as Chairman of the Board from August 2022 to February 2024, when Brace took-on the newly-created Executive Chairman role. “I’m proud of the team and the transformation that we’ve driven together at Inseego over the past 15 months,” said Brace. “I believe Inseego is well-positioned to continue to enhance its position in the wireless marketplace and drive additional expansion of stockholder value. Juho is a tremendous industry leader and executive to drive the Company’s next phase of growth and innovation.” “I’m honored to take-on the Chairman role at Inseego,” said Tuder. “On behalf of the Board, I want to thank Phil for his exceptional leadership and contributions as Executive Chairman this past year. Phil joined the board at an important time for the Company and agreed to step into the Executive Chair role shortly thereafter. Inseego achieved extraordinary progress during his tenure, and I know I speak for everyone at the Company in expressing our gratitude and in wishing Phil tremendous success at Skyworks.” “I am ex...