- Push-out Score determined
- After about five years in the position
- Praise for Mondor
- Ashish Sharma taking over
- Mondor will remain as executive chairman at Inseego
- Mondor made a lengthy statement and said 234 words
(exechange) — San Diego, California, March 1, 2022 — Dan Mondor, chief executive of Inseego, leaves his position. As announced by Inseego Corp. in a news release and in a regulatory filing published on Tuesday, March 1, 2022, Dan Mondor leaves his post as chief executive officer at the provider of IoT device-to-cloud products, after about five years in the role, effective immediately.
Dan Mondor’s duties as CEO will be taken over by Ashish Sharma, most recently president at Inseego Corp.
“This is the right time”
Dan Mondor’s departure from the CEO post is explained as follows. Mondor said: “With our business model clearly validated and our leadership in 5G, the board of directors and I agreed that this is the right time for Ashish to assume leadership of the Company and preside over what I see as the single largest opportunity in Inseego’s history.”
Mondor will remain as executive chairman at Inseego
“Dan Mondor is becoming executive chairman effective March 1, 2022,” Inseego said.
Inseego said: “Dan Mondor is transitioning from the role of Chief Executive Officer of the Company to Executive Chairman until the Company’s next annual meeting of stockholders.”
Share price decline since January 2021
The announcement follows a decline in Inseego Corp.’s share price of 68% since January 2021.
In the position of CEO since 2017
Dan Mondor became CEO of the Company in 2017.
Mondor has served as the Company’s Chief Executive Officer and a member of the Board since June 2017 and as Chairman of the Board since August 2018.
Prior to joining the Company, from April 2016 to June 2017, Mondor provided corporate strategy and M&A advisory services to the telecommunications industry through his private consulting firm, The Mondor Group, LLC.
From March 2015 to March 2016, he was President and Chief Executive Officer of Spectralink Corporation, a private equity-owned global company that designs and manufactures mobile-workforce telecommunications products, including Android based industrial WiFi devices, for global enterprises.
From April 2008 to November 2014, Mondor was the President and Chief Executive Officer of Concurrent Computer Corporation, a global company that designs and manufactures IP video delivery systems and real-time Linux based software solutions for the global services provider, military, aerospace and financial services industries.
From February 2007 to March 2008, he was President of Mitel Networks, Inc., a subsidiary of Mitel Networks Corporation, a global company that designs and manufactures business communications systems and mobile communications technology that serve the enterprise and wireless carrier markets.
Prior to that, Mondor held a number of executive management positions at Nortel Networks, including Vice President and General Manager of Enterprise Network Solutions and Vice President of Global Marketing for Nortel’s $10 billion Optical Internet business.
Mondor holds a Master of Science degree in Electrical Engineering from the University of Ottawa and a Bachelor of Science degree in Electrical Engineering from the University of Manitoba.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Dan Mondor’s move on a scale of 0 to 10.
exechange reached out to Inseego and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 10.2022 ($).