Published October 28, 2015 4:46pm EDT | Updated October 28, 2015 7:04pm EDT

Novatel Wireless Appoints New CEO

Novatel Wireless Inc. said Wednesday its board of directors has appointed Sue Swenson as the company's CEO, replacing Alex Mashinsky, who was ousted Tuesday. Swenson will continue as chairwoman of the board. Shares of Novatel Wireless were flat in late trading Wednesday after ending the regular session up 1.3%.