COMSovereign Holding Corp. (COMS) Promotes Fran Jandjel to CFO

October 4, 2021 8:06 AM EDT

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COMSovereign Holding Corp. (NASDAQ: COMS) today announced it has named Fran Jandjel, MBA, CPA, CGMA, ACMA, as its new Chief Financial Officer ("CFO") and Executive Vice President effective immediately. Ms. Jandjel, who previously served as the Company's Financial Controller, replaces Martin R. Wade III who has stepped down as Chief Financial Officer and Executive Vice President. Mr. Wade joined COMSovereign in February and was responsible for the development of the Company's financial reporting organization following its capital raises and up listing to the Nasdaq Capital Market earlier this year.

Ms. Jandjel has over 25 years' experience in strategic accounting and financial leadership including serving as CFO, Controller and in other senior financial executive roles at both domestic and multi-national public and private companies. Her expertise includes the development of financial and operational strategies, M&A experience across North America and Europe, implementing financial planning and forecasting processes, streamlining reporting processes and systems, maximizing cash flow, and optimizing bottom line results. Prior to joining COMSovereign as its Controller, Ms. Jandjel was a financial consultant serving multiple clients as interim CFO across sectors including automotive finance, restaurants, and manufacturing. Earlier, she served as VP Finance & Accounting at the Cathexis Group, a multi-national, multi-strategy holding company with revenue exceeding $2.0 billion and was the Corporate Controller of TAS Energy, an international energy manufacturing company.

"Since joining our team earlier this year as our Corporate Controller, Fran has demonstrated her unwavering passion and commitment to COMSovereign's success. As Marty completed his initial mandate, ensuring that our business was supported by a robust financial management infrastructure, Fran's significant hands-on experience made her the ideal candidate to assume the role of CFO as we now move the business ahead," said Dan Hodges, Chairman and CEO of COMSovereign Holding Corp. "We wish to thank Marty for his outstanding dedication and service to our company, playing an important role in supporting our transition into a global, Nasdaq-traded company."

Fran Jandjel, added, "I have been very fortunate to have had the opportunity of working alongside of the very talented and dedicated COMSovereign team. As CFO, I look forward to continuing our ongoing efforts to further strengthen our financial organization, building a world-class team that can support the tremendous growth we see ahead."

Mr. Wade commented, "I was originally tasked by the Board to build a comprehensive financial accounting and finance organization within COMSovereign and I'm pleased to report today, that we have accomplished that mission. The team has achieved much in a very short amount of time and with my work complete, I leave COMSovereign confident in the knowledge that Fran and her talented team are prepared to support the Company during this exciting period."

Ms. Jandjel holds a B.A. in Business Administration and M.B.A. in Business Administration from Deakin University in Melbourne, Australia. She is a Certified Public Accountant (CPA) and an international affiliate member of the Texas Society of CPAs. Ms. Jandjel is also a Chartered Global Management Accountant (CGMA) and an Associate member of the Chartered Institute of Management Accountants (ACMA), the British equivalent of a CPA.

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