San Diego-based Inseego Corp., a global provider of mobile broadband and software-as-a-service solutions, announced that the company has appointed Stephen Smith as executive vice president and chief financial officer. The company also announced the appointment of Chris Lytle in the role of chief strategy officer.
According to Inseego, Smith served as interim CFO of TetraVue Inc., a developer of high definition 4D LIDAR technology, since February 2017. Prior to that, Smith served as a financial consultant serving multiple early- and mid-stage SaaS, networking, and 3-D imaging businesses. From 2012 to 2016 he served as chief financial officer and head of operations for Micropower Technologies, a private equity-backed business engaged in the development and sale of platforms enabling extreme low-power wireless video surveillance systems. From 2005 to 2012, he ran his own consulting business and also served as president of XiTron Technologies. He served in various finance positions prior to that
Inseego CEO and President Dan Mondor praised Smith’s experience. “His appointment strengthens the Inseego management team and his contribution will be instrumental as we continue to execute our strategy of cost savings and growth initiatives,” Mondor said.
Mondor was appointed CEO in June as part of the company's restructuring.
Tom Allen, who has served as the Inseego’s interim chief financial officer since May 2017, will continue to provide consulting services to the company, including transition assistance to Smith, the company said.
Lytle's appointment is to the newly created position of chief strategy officer.
According to Inseego, Lytle has extensive experience investing in technology companies and providing strategic vision and sales leadership to SaaS-based organizations. Most recently, Lytle was president of Cavulus, a privately-held SaaS-based technology provider, which provided a cloud-based platform automating marketing, sales, enrollment and compliance operations in the health care industry. Before joining Cavulus, Lytle was a managing director at Morgan Stanley and previously was lead portfolio manager of RCL Capital, a hedge fund focused on small- and mid-cap telecom and wireless technology businesses.