COMSovereign Holding Corp, a U.S.-based developer of 4G LTE Advanced and 5G communication systems and solutions, announced that the Board of Directors has unanimously appointed David Knight as Chief Executive Officer, President, and a Director of the Company on November 23, 2022.
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Mr. Knight was initially named interim CEO on September 7, 2022, following the departures of the Company’s CEO and its President. Working with the Board of Directors, Mr. Knight has been implementing a series of business process improvements and refocusing activities which include streamlining operations and reducing costs. These efforts also include engaging with customers and partners in an effort to maximize the value of the Company’s wireless communications and tethered drone products, its Intellectual Property portfolio, and identifying new revenue-generating opportunities.
“I wish to thank the Board for their vote of confidence as we continue to address the challenges facing the Company,” stated David Knight. “As interim CEO, I have evaluated and analyzed COMSovereign and its roadmap, and I am confident in its significant potential and value. We have crafted a clear vision for COMSovereign as stated in my recent update letter, and we are committed to the execution of our plan designed to refocus the Company and improve its ability to service customers and generate meaningful revenue.”
COMSovereign’s Board of Directors issued a statement saying, “David’s dedication and leadership since his appointment as interim CEO has been a critical factor in our ability to execute against the Company’s ongoing business transition activities. The Board is unanimous in support as he and the team work diligently to ensure we capitalize on the strength and value of our current offerings today and are positioned to realize the exciting new technologies and capabilities envisioned for tomorrow.”
SOURCE: PR Newswire