Inseego and Steve Harmon

Inseego Appoints Steve Harmon as Chief Revenue Officer, Stock Surges

Inseego, a global leader in 5G and IoT solutions, announced yesterday the appointment of Steve Harmon as Chief Revenue Officer, a role newly created within the company. Harmon, with over 18 years of extensive experience in steering global teams focused on sales, marketing, and revenue operations, will spearhead Inseego’s worldwide revenue expansion, as well as lead strategic initiatives in marketing and business development. He will report directly to Inseego’s President and Chief Executive Officer, Ashish Sharma.

Harmon’s tenure at Sierra Wireless, where he served as the Senior Vice President of Global Sales, was marked by instrumental contributions to the company’s successful turnaround, culminating in its acquisition by Semtech. He assumed this role in May 2020, following a distinguished six-year tenure as the Managing Director of US Enterprise Sales at BlackBerry. Prior to his tenure at BlackBerry, Harmon held the position of Global Vice President of Database & Technology Sales at SAP. His illustrious career commenced at Sybase, where he spent nine years in various sales capacities. Harmon’s academic credentials include a Bachelor of Science degree with honors in Public Relations from the University of Florida.

As part of Harmon’s induction, Inseego will grant him 250,000 stock options, reports The Fast Mode These options are endowed with a ten-year term and an exercise price equivalent to the closing price per share of Inseego’s common stock, as reported by NASDAQ on October 30, 2023. Vesting of these options will occur over a four-year period, with 25% vesting on the first anniversary of the grant date, and the remainder vesting in equal monthly installments over the subsequent three years. This option allocation received approval from the independent compensation committee of Inseego’s board of directors, in adherence to Nasdaq Marketplace Rule 5635(c)(4).

Ashish Sharma, President and CEO of Inseego, expressed his enthusiasm regarding Harmon’s appointment, stating, “I’m excited to have Steve join Inseego in the newly-created role of Chief Revenue Officer. He has a proven track record of developing sales teams, orchestrating targeted go-to-market initiatives, and fostering collaboration with channel partners to drive revenue growth. His experience in leading sales organizations, particularly those focused on enterprise selling will be an invaluable asset to Inseego. I am delighted that he will be joining Inseego to help us bring our leading 5G edge technology to even more customers.”

In response to his appointment, Steve Harmon, newly appointed Chief Revenue Officer, expressed his excitement, stating, “I’m thrilled to join Inseego at this important juncture. Inseego has a leading and robust portfolio of 5G products and cloud services that offer compelling solutions to enterprises. I look forward to driving growth and helping our customers and partners succeed.”

Following the announcement of Harmon’s appointment, Inseego Corp’s stock experienced a notable surge, reflecting the positive reception of this strategic addition to the company’s leadership team.

At the time of this publication, Inseego Corp stock (INSG) has witnessed a surge.
Inseego Corp
Current Price: $0.42
Change : +0.09
Change (%): (26.44%)
Volume: 855.4K
Source: Tomorrow Events Market Data

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