PowerFleet, Inc. announced that Chief Financial Officer (CFO) Ned Mavrommatis will be leaving the Company on May 15, 2022 to pursue another opportunity. PowerFleet has the option for Mavrommatis to provide consulting services beyond May 15, 2022, until the Company appoints a new CFO. PowerFleet has initiated a search process with an executive search firm for a new CFO to execute on the Company's long-term growth plans.

PowerFleet Global Controller Joaquin Fong will manage the day-to-day global finance operations until PowerFleet's CFO search is completed.