VANCOUVER, May 15 /CNW/ - Sierra Wireless (NASDAQ: SWIR - TSX: SW), a
leading provider of wireless solutions for mobile computing and
machine-to-machine (M2M) communication, announced changes to the Sierra
Wireless executive leadership team as well as certain cost reduction
initiatives related to the integration of Wavecom with Sierra Wireless.
Changes to the executive leadership team are as follows:
Didier Dutronc, previously Chief Sales Officer at Wavecom, has been
appointed Senior Vice President, Marketing and will be responsible
for all marketing and product management activities globally for the
Philippe Guillemette, formerly Group Vice President of Marketing and
Chief Technology Officer at Wavecom, becomes Senior Vice President,
Advanced Technology. Philippe will drive advanced technology
initiatives and long range product/solution strategy for Sierra
Pierre Teyssier, formerly Chief Operating Officer at Wavecom, becomes
Senior Vice President, Engineering with overall responsibility for
global engineering and product development activities for the
Emmanuel Walckenaer continues in his current role as CEO of Anyware
Technologies and is appointed Senior Vice President & General
Manager, Solutions and Services. His focus will be on rapidly growing
the solutions and services business of the combined company.
Didier, Philippe, Pierre and Emmanuel join the existing members of the
executive leadership team: Jason Cohenour - President and Chief Executive
Officer; Bill Dodson - Senior Vice President, Operations; Dan Schieler -
Senior Vice President, Worldwide Sales; David McLennan - Chief Financial
Officer; Jim Kirkpatrick - Chief Technology Officer and Andrew Berman - Senior
Vice President & General Manager, Mobile and M2M.
Commensurate with these appointments, Anders Franzen, CEO of Wavecom's US
subsidiary and Steve Blaine, Senior Vice President, Engineering at Sierra
Wireless will both be leaving the company in September. Additionally, Herbert
Scheitler, Vice President, Automotive at Wavecom is leaving the company
effective immediately. The responsibilities of Anders, Steve and Herbert will
be absorbed by remaining members of the Sierra Wireless team.
"These appointments represent an important step in the integration of
Wavecom with Sierra Wireless," said Jason Cohenour, President and CEO. "Going
forward, the combined company will be led by an experienced and truly
international executive team. I am confident that this team, combined with our
expanded product lineup and unmatched global capabilities, will help us to
drive leadership in wireless solutions for mobile computing and M2M.
I would also like to sincerely thank Steve, Anders and Herbert for the
leadership, hard work and energy they have provided in building Sierra
Wireless and Wavecom into two great companies. I wish them great success in
their future endeavors."
Broader expense reduction initiatives are also underway. As part of the
integration process, R&D and product development operations have been
combined, and as a result, the Wavecom site in Research Triangle Park, NC will
be closed. R&D activities from this location will be transitioned primarily to
the Sierra Wireless location in Carlsbad, CA. The company expects a smooth
transition and for the process to be completed by the end of the year.
As part of previously announced cost reduction initiatives, the staff
reduction program in Wavecom's office in Issy-Les-Moulineaux near Paris,
France has been completed. A total of 77 positions have been impacted. Of
those employees affected, the majority will have left by the end of the second
quarter, with the balance leaving throughout the second half of the year.
An update on the financial impact of these initiatives will be provided
with Sierra Wireless' second quarter results in late July.
About Sierra Wireless
Sierra Wireless (NASDAQ: SWIR - TSX: SW) products connect people and
machines to wireless networks around the world. We offer an advanced,
comprehensive product line, addressing consumer, enterprise, original
equipment manufacturer, and specialized vertical industry markets. We also
offer a wide range of professional and operated services. Our solutions are
used for mobile computing, transportation, industrial M2M
(machine-to-machine), enterprise, residential and consumer communications
applications. For more information about Sierra Wireless, visit
Forward Looking Statements
This press release contains forward-looking statements that involve risks
and uncertainties. These forward-looking statements relate to, among other
things, plans and timing for the introduction or enhancement of our services
and products, statements about future market conditions, supply conditions,
channel and end customer demand conditions, revenues, gross margins, operating
expenses, profits, and other expectations, intentions, and plans contained in
this press release that are not historical fact. Our expectations regarding
future revenues and earnings depend in part upon our ability to successfully
develop, manufacture, and supply products that we do not produce today and
that meet defined specifications. When used in this press release, the words
"plan", "expect", "believe", and similar expressions generally identify
forward-looking statements. These statements reflect our current expectations.
They are subject to a number of risks and uncertainties, including, but not
limited to, changes in technology and changes in the wireless data
communications market. In light of the many risks and uncertainties
surrounding the wireless data communications market, you should understand
that we cannot assure you that the forward-looking statements contained in
this press release will be realized.
For further information:
For further information: Sharlene Myers, Sierra Wireless, Phone: (604)
232-1445, Email: firstname.lastname@example.org