Seeking Alpha

Novatel CEO resigns

  • Peter Leparulo, Novatel's (NVTL) CEO since 2008, has resigned. Director/VC Alex Mashinsky will serve as interim CEO while the board searches for a successor.
  • Leparulo will remain on Novatel's board; he's been serving as one of the company's two chairmen, along with independent chairman Sue Swenson.
  • Novatel has also promoted CTO Slim Souissi to the newly-created role of COO.
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