SAN DIEGO - Inseego Corp. (NASDAQ: NASDAQ:INSG), a company specializing in 5G and mobile broadband technology, has announced the extension of Philip Brace's tenure as Executive Chairman for an additional year, divided into two 6-month terms. This decision by the board of directors takes effect immediately.
Phil Brace, who has been with Inseego since his appointment to the board in September 2023 and stepping into the Executive Chairman role in February 2024, brings a wealth of experience from his previous leadership positions at Sierra Wireless (NASDAQ:SWIR) Inc., Veritas Technologies, Seagate Technology, LSI Corporation, and Intel Corporation (NASDAQ:INTC). He holds an educational background in Applied Science and Electrical Engineering from the University of Waterloo and California State University, Sacramento, respectively.
During his tenure, Brace has overseen substantial improvements in Inseego's operations, including revenue growth, product portfolio expansion, and capital structure enhancement. These developments have contributed to reinforcing the company's market presence and are expected to bolster its long-term prospects.
Brace expressed enthusiasm for the future of Inseego, highlighting the strengthening of relationships with carrier partners and the formation of new partnerships. The recent onboarding of executives in product management, operations, and sales has been credited with making an immediate positive impact on the company.
The extension of Brace's leadership role is anticipated to continue the company's growth and profitability trajectory. This announcement comes as Inseego remains focused on delivering 5G and cloud networking solutions to its broad customer base, which includes Fortune 500 enterprises and SMBs.
For further details on this corporate update, reference has been made to Inseego's filing with the U.S. Securities and Exchange Commission, which is available on the company's investor relations website.
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