George Mulhern
INSEEGOAbout George Mulhern
George Mulhern, age 68, was appointed as an independent director of Inseego Corp. in May 2025, bringing over three decades of wireless and enterprise networking leadership, including roles at Ericsson, Cradlepoint, and Hewlett-Packard; he holds both a Bachelor’s and a Master’s degree in Business Administration from San Jose State University . He serves on Inseego’s Compensation Committee and is not designated as Chair of any committee . Inseego classifies him as independent under Nasdaq rules, and the Board currently operates with a staggered, three-class structure .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Ericsson Enterprise Wireless Solutions | Senior Vice President & Global Business Unit Manager | 2020–2023 | Led enterprise wireless unit prior to retirement |
| Cradlepoint, Inc. | Chairman & Chief Executive Officer | 2011–2020 | Built a leading cloud-orchestrated wireless WAN provider |
| Hewlett-Packard | Senior Vice President & Global Business Unit Manager (various BUs) | ~20 years (prior to 2011) | Multi-BU global leadership experience |
External Roles
| Organization | Role | Tenure/Status | Notes |
|---|---|---|---|
| Idaho Technology Council | Director | Current | Industry civic leadership |
| Cambia Health Solutions | Independent Director | Current | Health insurer holding company board service |
| Regence Blue Shield of Idaho | Independent Director | Current | Regional health plan board service |
| Tracer (AI-powered brand protection) | Director | Current | Private technology company board |
Board Governance
- Independence status: The Board determined Mulhern is independent under Nasdaq listing requirements .
- Committee assignments: Member, Compensation Committee; not listed on Audit or Nominating & Corporate Governance Committees; no chair roles .
- Board structure: Classified board with three classes, ~3-year staggered terms; Mulhern is nominated for a term expiring at the 2028 annual meeting .
- Chair/leadership: Independent Chair of the Board is Jeffrey Tuder (appointed February 2025) .
- Attendance baseline: In 2024, the Board met 14 times; each incumbent director attended at least 75% of meetings; all then-current directors attended the 2024 annual meeting (Mulhern joined in 2025) .
- Voting/resignation policy: “Plurality plus” with mandatory contingent resignations for nominees receiving more WITHHOLD than FOR in uncontested elections .
- Hedging/pledging policy: Directors are prohibited from pledging or hedging company stock (short sales, puts/calls, collars, forwards) .
Fixed Compensation
Latest disclosed director compensation framework (for 2024; Board reviews annually):
| Component | Chair ($) | Member ($) |
|---|---|---|
| Board annual cash retainer | 80,000 | 40,000 |
| Audit Committee | 20,000 | 10,000 |
| Compensation Committee | 14,000 | 6,000 |
| Nominating & Corporate Governance Committee | 10,000 | 5,000 |
Note: Mulhern joined in May 2025; his actual 2025 compensation will follow then-effective policies not detailed in the 2025 proxy’s 2024 compensation section .
Performance Compensation
Director equity awards are time-based (no performance metrics disclosed):
| Equity Element | Amount/Terms | Vesting |
|---|---|---|
| Initial RSU award (upon joining) | $145,000 grant-date fair value | Vests in three equal annual installments beginning on the first anniversary |
| Annual RSU award (thereafter) | $125,000 grant-date fair value | Vests in full on the first anniversary |
No director performance metrics (e.g., TSR, revenue, EBITDA) are tied to director equity; awards are service-based RSUs per latest disclosed program .
Other Directorships & Interlocks
| Company | Public Company? | Role | Interlocks/Notes |
|---|---|---|---|
| Cambia Health Solutions | Not disclosed as public | Independent Director | Healthcare payor board; no INSG-related transactions disclosed |
| Regence Blue Shield of Idaho | Not disclosed as public | Independent Director | Regional plan board; no INSG-related transactions disclosed |
| Tracer | Not disclosed as public | Director | Private tech; no INSG-related transactions disclosed |
| Idaho Technology Council | N/A | Director | Industry council |
The proxy’s related-party transactions section does not disclose any transactions involving Mulhern .
Expertise & Qualifications
- Wireless networking/operator ecosystem leadership: Ericsson Enterprise Wireless Solutions SVP/GBUM; Cradlepoint Chairman/CEO .
- Enterprise hardware/software go-to-market and P&L management from multi-decade career at Hewlett-Packard .
- Board governance and compensation committee experience at INSG (Compensation Committee member) .
- Education: BBA and MBA, San Jose State University .
Equity Ownership
As of June 30, 2025:
| Holder | Shares Owned (#) | Right to Acquire within 60 days (#) | Total Beneficial Ownership (#) | % of Outstanding |
|---|---|---|---|---|
| George Mulhern | 0 | 0 | 0 | <1% |
Alignment policies:
- Stock ownership guidelines: The company has not established stock ownership guidelines for directors or executive officers .
- Hedging/pledging: Prohibited for Board members under the Insider Trading Policy .
Governance Assessment
Positives
- Independent director with deep wireless and enterprise networking operating experience (Ericsson/Cradlepoint/HP), additive to INSG’s connectivity strategy .
- Member of Compensation Committee, reinforcing independent oversight of pay practices .
- Strong governance features at the Board level: resignation policy for withhold-majority outcomes; prohibitions on hedging/pledging .
- Shareholder support context: 2024 say-on-pay approval at ~95.8% indicates recent investor alignment on compensation practices (executive program) .
Watch items / RED FLAGS
- No director stock ownership guidelines, which can weaken alignment; company explicitly states none are in place for directors or executives .
- As of June 30, 2025, Mulhern reported no beneficial ownership and no near-term rights to acquire shares; early tenure may explain lack of vested equity, but it currently limits “skin-in-the-game” optics .
- Related-party transactions exist at the issuer involving other significant holders/directors (Golden Harbor/Tavistock; North Sound), underscoring the importance of continued rigorous Audit Committee oversight; none involve Mulhern .
Implications for investors
- Mulhern’s operating pedigree in wireless WAN and enterprise solutions is directly relevant and likely improves board technical depth on product/market strategy .
- Absence of ownership guidelines and early-stage ownership profile present a near-term alignment gap; monitoring future equity grants/holdings will be important for assessing long-term alignment .
- Compensation Committee service places him at the center of incentive design; prevailing high say-on-pay support suggests stability in investor views, but continued attention to pay-for-performance rigor is warranted .