Powerfleet Welcomes Jeff Lautenbach as Chief Revenue Officer to Accelerate SaaS Growth

Powerfleet's New Appointment to Drive Revenue Growth

Powerfleet, Inc. (Nasdaq: AIOT), a leading name in the artificial intelligence of things (AIoT) sector, has recently appointed Jeff Lautenbach as its Chief Revenue Officer (CRO). This significant move is designed to bolster the company's efforts to accelerate revenue growth through its Software as a Service (SaaS) offerings. In light of the rapidly evolving market landscape, Powerfleet is keen on maintaining its status as a major player in mobile asset management.

Jeff brings with him a wealth of experience, which includes a robust track record of managing global revenue organizations that have collectively generated up to $500 million in annual recurring revenue. His appointment is particularly timely as Powerfleet strives to implement its ambitious growth strategy, emphasizing the importance of agility and adaptability in the tech sector.

Taking on the role of CRO, Lautenbach is tasked with leading Powerfleet's global revenue initiatives. His responsibilities will encompass steering the company’s go-to-market strategy and ensuring optimal performance in both direct and indirect sales channels. The focus will also be on fostering deeper customer engagement to enhance adoption rates and solidify Powerfleet's market position.

Steve Towe, Powerfleet's Chief Executive Officer, expressed enthusiasm about Jeff's appointment, stating, "Jeff's extensive experience in driving high annual recurring revenue growth is exactly what we need at this pivotal moment for our company. His expertise will be integral as we work towards expanding our Unity-led growth strategy. We are excited to have him on board as we commit ourselves to the digital transformation of operations worldwide."

Lautenbach's prior experience is impressive, having previously served as the Chief Revenue Officer at Conga. There, he successfully oversaw a global sales organization that achieved remarkable growth in annual recurring revenue while catering to thousands of enterprise clients. Moreover, his journey includes senior roles at industry giants such as Cornerstone OnDemand, Salesforce, SAP, and IBM, where he built high-performing SaaS sales teams and consistently delivered noteworthy results.

In a statement reflecting his enthusiasm for the new role, Lautenbach noted, "Joining Powerfleet during this transformative phase is incredibly exciting for me. The Unity platform is set to redefine how organizations manage their operational connectivity, presenting extraordinary opportunities for global adoption. I look forward to leveraging my experience to enhance Powerfleet's growth trajectory and to deliver exceptional outcomes for our customers."

About Powerfleet

Powerfleet, Inc. stands at the forefront of AI-driven data solutions, specifically tailored to optimize mobile asset performance, enhance safety measures, and promote sustainability. The company’s Unity platform offers cloud-based applications that utilize cutting-edge AI, machine learning, and IoT technologies to deliver crucial insights across various sectors, including industrial applications, logistics, and transportation. With a clientele of 48,000 spread across 120 countries, Powerfleet aims to empower businesses through data-driven intelligence that boosts safety, operational efficiency, and productivity.

In summary, Powerfleet's strategic appointment of Jeff Lautenbach as Chief Revenue Officer highlights the company’s dedication to scaling its operations and enhancing its SaaS offerings. As the tech landscape continues to evolve, Powerfleet is well-positioned to meet the challenges ahead and drive innovation within the mobile asset industry.