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Powerfleet Appoints Jeff Lautenbach as Chief Revenue Officer to Amplify Accelerated SaaS Revenue Growth

1. Powerfleet appoints Jeff Lautenbach as Chief Revenue Officer immediately. 2. Lautenbach has a proven track record in driving significant ARR growth. 3. His leadership is expected to enhance Powerfleet's global SaaS sales strategy. 4. Powerfleet focuses on AI and IoT solutions for mobile asset optimization. 5. The company serves 48,000 customers globally, emphasizing digital transformation.

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$5.3110/07 04:13 PM EDTEvent Start
$5.3110/07 08:52 PM EDTLatest Updated
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FAQ

Why Bullish?

New leadership with strong revenue experience likely boosts investor confidence. Historical patterns show leadership changes can lead to price gains if expectations are met.

How important is it?

The appointment of a high-caliber executive directly affects strategic direction and market positioning, indicating growth potential.

Why Short Term?

Immediate leadership changes often lead to short-term market reactions. Previous examples include Salesforce's CEO change positively impacting stock prices in the short run.

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CENGANSSMSM
, /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT), a global leader in the artificial intelligence of things (AIoT) SaaS mobile asset industry, announces Jeff Lautenbach as Chief Revenue Officer (CRO), effective immediately. Jeff brings extensive experience leading global revenue organizations generating $500 million in annual recurring revenue, underscoring Powerfleet's commitment to scaling as a world-class SaaS powerhouse. As CRO, Jeff will lead Powerfleet's worldwide revenue engine, driving global go-to-market strategy and execution, optimizing both direct and indirect sales performance and deepening customer adoption to build on Powerfleet's growth momentum. "Jeff's appointment comes at a key time as we continue to execute on our Unity-led growth strategy," said Steve Towe, Chief Executive Officer of Powerfleet. "With deep experience in driving high ARR growth, Jeff brings the expertise and scale we need to take Unity's go-to-market success in both the direct and indirect channels. We are thrilled to welcome him to the team as we double down on our mission to digitally transform operations globally." Jeff most recently served as Chief Revenue Officer at Conga, where he oversaw a global sales organization responsible for driving high growth ARR across thousands of enterprise customers. Prior to Conga, he held senior leadership roles at Cornerstone OnDemand, Salesforce, SAP, and IBM, where he led highly successful global SaaS sales teams and consistently delivered accelerated growth and measurable customer outcomes. "I'm excited to join Powerfleet at such a transformational moment," said Jeff Lautenbach. "Unity is redefining how organizations connect their operations, and the opportunity to scale its global adoption is extraordinary. I look forward to applying my experience leading expanded double-digit SaaS revenue organizations to accelerate Powerfleet's growth and deliver exceptional results for our customers." About Powerfleet Powerfleet (Nasdaq: AIOT) is a global leader in AI-powered data solutions that optimize mobile asset performance, safety, and sustainability. Powerfleet Unity's cloud-based applications leverage advanced AI, machine learning, and IoT connectivity to provide mission-critical insights across industrial, logistics, and transportation sectors. Serving 48,000 customers across 120 countries, Powerfleet empowers businesses with data-driven intelligence to enhance safety, efficiency, and workforce productivity. Powerfleet Investor Contacts Carolyn Capaccio and Jody BurfeningAlliance Advisors IR[email protected] Powerfleet Media Contact Jonathan Bates[email protected]+44 7921 242 892 SOURCE Powerfleet WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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