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January 31, 2013
16:21 EDTWRLSTelular announces CEO transition plan
Telular announced that president and CEO Joe Beatty will be departing for personal reasons. Beatty will continue to serve as president and CEO and on the board of directors until Telular's second quarter earnings announcement, currently scheduled for May 2. "On behalf of the Company, I thank Joe for his significant contributions to Telular; first as a CEO starting in 2007 and since 2008 as our CEO. The board of directors will be working collaboratively with Joe to make a smooth transition to Telular's next CEO" commented Betsy Bernard, chairman of the board of directors of Telular. Telular's board of directors will initiate a search process and retain an executive search firm to identify the next president and chief executive officer. The search process will include a full review of external and internal candidates. During the interim period, Mr. Beatty will work closely with Telular's entire management team to aid in the smooth transition to new leadership.
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