Powerfleet, Inc. (NASDAQ: PWFL) has announced the appointment of Andrew Martin from Private Capital Management, LLC to its board of directors. As one of the company's largest shareholders, Martin brings a wealth of experience to the board, having previously worked in leading small-cap value management and investment research.
Powerfleet's CEO, Steve Towe, expressed excitement about Martin joining the board, highlighting his deep understanding of Powerfleet's evolution and experience in increasing shareholder value. This appointment comes at a pivotal time for the company, just weeks after its business combination with Mix Telematics.
As a global leader in the artificial intelligence of things (AIoT) software-as-a-service (SaaS) mobile asset industry, Powerfleet has more than 30 years of experience. The company unifies business operations through the ingestion, harmonization, and integration of data, delivering actionable insights to help companies save lives, time, and money.
With offices around the globe, Powerfleet is committed to innovation and a people-centric approach to empower its customers to realize impactful and sustained business improvement.
Mr. Martin's appointment to the board underscores Powerfleet's commitment to leveraging expertise and experience to drive growth and create value for its shareholders. Following these announcements, the company's shares moved 1.5%, and are now trading at a price of $4.73. If you want to know more, read the company's complete 8-K report here.
