Inseego (INSG) said Monday it had appointed former Qualcomm (QCOM) executive Juho Sarvikas as chief executive officer and member of the board, effective immediately.
Sarvikas was most recently the president of Qualcomm North America, Inseego said.
The company also said Brian Miller, chief investment officer of North Sound Partners, has returned as director. North Sound owns 19.9% of the company's stock and 53% of the principal amount of the company's senior secured notes due 2029, according to Inseego.
Inseego's shares were up nearly 6% in recent trading.
Price: 11.00, Change: +0.61, Percent Change: +5.87
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