Novatel Appoints New President

NovAtel Inc., has announced the appointment of Jonathan W. Ladd to the position of president and CEO, effective February 19, 2002. David Vaughn, who has acted in this capacity since February 2001, will continue in consulting capacity for an indefinite period of time. With over 20 years of experience in commercial and precision-focused GPS companies, Ladd brings 12 years of senior management experience in the GPS industry to NovAtel. Recently, he was senior vice president engineering and president at Magellan Corporation Russian subsidiary, Ashtech A/O. He has also held several other senior management positions at Magellan Corporation, including senior vice president of the Advanced Technology Group, and vice president and general manager of Ashtech Precision products business unit.