Sierra Wireless Appoints Phil Brace as New President and CEO
12 Juli 2021 - 1:30PM
Business Wire
Former Executive Vice President of Veritas
Technologies to join Sierra Wireless on July 26, 2021
Sierra Wireless (NASDAQ: SWIR) (TSX: SW), a world leading IoT
solutions provider, today announced that its Board of Directors has
appointed Phil Brace as its new President and CEO, effective July
26, 2021. The current President and CEO, Kent Thexton, will stay on
at Sierra Wireless until August 13, 2021 to complete the
transition.
“I am thrilled to welcome Phil to Sierra Wireless,” said Robin
Abrams, Chair of the Sierra Wireless Board of Directors. “After an
extensive search process, we are pleased to have secured a
high-caliber candidate with a strong track record and more than 25
years’ experience in the semiconductor, server, and storage
industries including hardware, software, services, engineering,
marketing, and sales. I am confident Phil will add significant
value in leading Sierra Wireless’ continued growth as a global IoT
solutions provider.”
Phil Brace has an extensive technology and operations background
and was most recently Executive Vice President at Veritas
Technologies. His previous executive roles include President of
Seagate Technology’s Cloud Systems and Electronic Solutions,
Executive Vice President at LSI Corporation, and General Manager at
Intel Corporation. Brace holds a Bachelor’s degree in Applied
Science from the University of Waterloo and a Master’s degree in
Electrical Engineering from California State University,
Sacramento.
“The global IoT solutions market is growing rapidly and Sierra
Wireless is well positioned to lead with its strong portfolio of
connectivity services, gateways, and embedded modules. I am very
excited to join the company and look forward to making a major
impact to drive growth and profitability,” said Brace.
Board Chair Robin Abrams also commented: “On behalf of the
entire Board, I would like to thank Kent for his significant
contributions to Sierra Wireless, both over the 13 years he spent
as a member of the Board and over the last three years as CEO.
Thanks to his vision and leadership, Sierra has successfully
transformed from a hardware-only company to a strong and dynamic
market leader in IoT services and solutions. We wish Kent all the
best in his retirement.”
“The transformation of Sierra Wireless into a leader in complete
IoT Solutions has been an exciting journey and the business has
great sales momentum,” said Thexton. “The Industrial IoT market is
in the early stages of digitizing all its assets and Sierra
Wireless is growing with the key leaders in this market. Further
growth is coming from 5G and the strong market acceptance of Sierra
Wireless new 5G gateways. I am excited to see Phil lead the team
and the company to great success.”
To contact the Sierra Wireless Sales Desk, call +1 877-687-7795
or visit http://www.sierrawireless.com/sales.
About Sierra Wireless
Sierra Wireless (NASDAQ: SWIR) (TSX: SW) is a world leading IoT
solutions provider that combines devices, network services, and
software to unlock value in the connected economy. Companies
globally are adopting 4G, 5G, and LPWA solutions to improve
operational efficiency, create better customer experiences, improve
their business models, and create new revenue streams. Sierra
Wireless works with its customers to develop the right
industry-specific solution for their IoT deployments, whether this
is an integrated solution to help connect edge devices to the
cloud, a software/API service to manage processes with billions of
connected assets, or a platform to extract real-time data to
improve business decisions. With more than 25 years of cellular IoT
experience, Sierra Wireless is the global partner customers trust
to deliver them their next IoT solution. For more information,
visit www.sierrawireless.com.
Connect with Sierra Wireless on the IoT Blog at
http://www.sierrawireless.com/iot-blog, on Twitter at
@SierraWireless, on LinkedIn at
https://www.linkedin.com/company/sierra-wireless and on YouTube at
https://www.youtube.com/SierraWireless.
“Sierra Wireless” is a registered trademark of Sierra Wireless,
Inc. Other product or service names mentioned herein may be the
trademarks of their respective owners.
Forward Looking Statements
This press release contains forward-looking statements. 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 but
involve risks and uncertainties. These statements may relate to,
among other things: plans for our CEO transition, the IoT market
and our participation therein, plans and timing for the
introduction or enhancement of our products and services, future
market conditions, supply conditions, channel and end customer
demand conditions, revenues, gross margins, operating expenses,
profits, and other expectations, intentions, and plans that are not
historical fact. These statements are subject to numerous risks and
uncertainties surrounding our business and the markets we operate
in, including, but not limited to, changes in technology and market
conditions and our ability to implement our strategy and
successfully develop, manufacture and supply new products and
services. A further discussion of the risks and uncertainties
facing Sierra Wireless are discussed in its Annual Information Form
and Management’s Discussion and Analysis of Financial Condition and
Results of Operations, which may be found on SEDAR at www.sedar.com
and on EDGAR at www.sec.gov and in Sierra Wireless’ other
regulatory filings with the Securities and Exchange Commission in
the United States and the provincial securities commissions in
Canada. Due to these many risks and uncertainties we cannot assure
you that the forward-looking statements contained in this press
release will be realized. Except as may be required by applicable
securities laws, Sierra Wireless assumes no obligation to publicly
update or revise any forward-looking statements made herein or
otherwise, whether as a result of new information, future events or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20210712005265/en/
Louise Matich Sierra Wireless Media Relations phone: +1 236 979
2154 pr@sierrawireless.com David Climie Sierra Wireless Investor
Relations phone: +1 604 321 1137 dclimie@sierrawireless.com
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