NextWave Changes Management

San Diego’s NextWave Wireless (NASDAQ: WAVE) said today its Chairman, CEO, and President Allen Salmasi “has transferred the day-to-day operating role” of CEO and President to James Brailean, who heads NextWave’s PacketVideo subsidiary. The company’s COO and CFO have both resigned. NextWave Wireless, founded in 2005, develops embedded multimedia software for mobile devices,and has had approximately 1,000 employees in 27 worldwide locations. The company says it will now focus on PacketVideo as its sole remaining operating business.

Trending on Xconomy