WOODCLIFF LAKE, N.J., Jan. 7, 2025
/PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT), a global AIoT
leader, announces Mike Powell as
Chief Innovation Officer (CINO), effective immediately. Powell
brings extensive expertise in organizations generating annual
revenues in excess of $1 billion,
covering the landscape of both a CTO and CIO, to focus on advancing
both Powerfleet's customer solutions and internal operations.
As CINO, Powell will lead Powerfleet's evolution by integrating
internal transformation with cutting-edge customer technologies and
continuing to enhance the company's Unity AIoT ecosystem. His
two-decade career in digital transformation and AI-driven growth
across various industries will be pivotal in driving Powerfleet's
innovation agenda.
"Mike Powell's appointment marks
a pivotal moment as we advance digital transformation for our
customers and complete our own," said Steve
Towe, CEO of Powerfleet. "Mike's breadth of experience in
customer-centric innovation, product strategy and technology
development, AI, automation, and as a CIO distinguishes him. His
leadership will be instrumental in elevating our operations and
delivering innovative solutions to our customers."
Frank Friesacher, a key member of
the leadership team and Chief Product Officer at Fleet Complete,
will now head execution of Powerfleet's technology roadmap.
Jim Zeitunian, Chief Technology
Officer of Powerfleet, is departing the company to pursue new
opportunities. Powerfleet extends its sincere gratitude to Jim for
his valuable contributions and wishes him continued success in his
future endeavors.
"I'm honored to join Powerfleet at such a transformative time,"
said Powell. "The Unity ecosystem is redefining the AIoT landscape,
and I'm eager to drive innovation that delivers groundbreaking
capabilities for our customers."
Together with Powell, Powerfleet combines continuous innovation
with strategic data-driven change to optimize customer business
performance worldwide. The company remains dedicated to enhancing
efficiency, growth, and success through its transformative digital
solutions, ensuring that Powerfleet and its customers thrive in an
increasingly connected world.
ABOUT POWERFLEET
Powerfleet (Nasdaq: AIOT; JSE: PWR)
is a global leader in the artificial intelligence of things (AIoT)
software-as-a-service (SaaS) mobile asset industry. With more than
30 years of experience, Powerfleet unifies business operations
through the ingestion, harmonization, and integration of data,
irrespective of source, and delivers actionable insights to help
companies save lives, time, and money. Powerfleet's ethos
transcends our data ecosystem and commitment to innovation; our
people-centric approach empowers our customers to realize impactful
and sustained business improvement. The company is headquartered in
New Jersey, United States, with offices around the globe.
Explore more at www.powerfleet.com. Powerfleet has a
primary listing on The Nasdaq Global Market and a secondary listing
on the Main Board of the Johannesburg Stock Exchange (JSE).
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS
This press release contains forward-looking
statements within the meaning of federal securities laws. All
statements contained in this press release that do not relate to
matters of historical fact should be considered forward-looking
statements. These forward-looking statements are based on
management's current expectations. These statements are neither
promises nor guarantees and are subject to risks described in
Powerfleet's filings with the Securities and Exchange Commission,
including but not limited to those described under the heading
"Risk Factors" in its most recent annual report on Form 10-K and
quarterly report on Form 10-Q. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
to be incorrect, actual results may vary materially from those
indicated or anticipated by these forward-looking statements.
Therefore, you should not rely on any of these forward-looking
statements. The forward-looking statements included in this press
release are made only as of the date of this press release, and,
unless otherwise required by applicable law, Powerfleet assumes no
obligation to update any forward-looking statements, and expressly
disclaims any obligation to do so, whether as a result of new
information, future events or otherwise.
Powerfleet Investor Contacts
Carolyn Capaccio and Jody Burfening
Alliance Advisors IR
AIOTIRTeam@lhai.com
Powerfleet Media Contact
Jonathan Bates
jonathan.bates@powerfleet.com
+44 7921 242 892
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SOURCE Powerfleet