Pareteum Corporation (Nasdaq: TEUM) today announced that the Company has appointed Laura W. Thomas as Interim Chief Financial Officer, effective November 1, 2019. Laura will succeed Ted O'Donnell whose status with the company is under review.
Ms. Thomas brings over 30 years of experience in the telecommunications industry, including assisting large and small organizations through significant operational challenges and upholding corporate governance and transparency among stakeholders. Ms. Thomas currently serves as Chairman of the Board of Directors of Delta Dental of Virginia and is a member of the National Association of Corporate Directors (NACD). Previously, Ms. Thomas served as Chief Financial Officer of Towerstream, a leading fixed wireless Internet provider in the U.S. In this role, she implemented a strategy to re-capitalize the company and institute key financial controls. Prior to that, she served as Chairman of the Board of Directors of Impact Telecom, a leading provider of voice and messaging solutions for businesses and carriers. In this role, she provided leadership to the company's management team focused on implementing strategic initiatives and increasing enterprise value. Ms. Thomas also served as CEO of TNCI, a national telecommunications provider, and has held various leadership roles at XO Communications.
"We are thrilled to welcome Laura to Pareteum as we continue to strengthen our management team," said Hal Turner, Executive Chairman and CEO of Pareteum. "Laura's proven track record of operational leadership and financial controls expertise will guide Pareteum as we prepare for the next phase of the company's growth. We continue to see strong customer demand for our platform and are intently focused on improving our internal processes and moving the company forward to capitalize on significant global opportunities for Pareteum."
About Pareteum Corporation: Millions of people and devices are connected around the world using Pareteum's Global Cloud Communications Platform, enhancing their mobile experience. Pareteum unleashes the power of applications and mobile services, bringing secure, ubiquitous, scalable, and seamlessly available voice, video, SMS/text messaging, and data, media and content enablement to our customers, making worldwide communications services easily and economically accessible to everyone. By harnessing the value of our cloud communications platform, Pareteum serves enterprises, communications service providers, early stage innovators, developers, IoT, and telecommunications infrastructure providers. Pareteum envisions a new mobile communications experience, imagining what is to come, while delivering now. Pareteum currently has offices in North America, South America, Spain, Bahrain, Singapore, India, Indonesia, Germany, Belgium, United Kingdom, Russia, and the Netherlands. For more information please visit: www.pareteum.com.
