Sequans Communications S.A. (NYSE:SQNS) ("Sequans" or the "Company"), a leading provider of 5G/4G cellular IoT semiconductor solutions, today announced that Deborah Choate, Chief Financial Officer, will retire from the Company effective June 30, 2026, following a distinguished tenure of 19 years. The Company also announced that Norman Brodt, currently Vice President, Finance, will succeed Ms. Choate as Chief Financial Officer effective upon her retirement.

"On behalf of the Board and the entire management team, I would like to thank Deborah for her leadership and significant contributions to Sequans," said Georges Karam, Chief Executive Officer. "During her tenure, she has played a critical role in strengthening our financial position and leading strategic initiatives. We wish her all the best in her retirement."

Ms. Choate added, "It has been a privilege to serve as CFO of Sequans. I am proud of what we have accomplished and confident in the Company's future. I look forward to supporting a smooth transition."

"Norman is an accomplished finance leader with a deep understanding of our business and operations," added Dr. Karam. "In his current role as VP Finance, he has been instrumental in financial planning, capital allocation and operational improvements. I am confident that he will provide strong financial leadership as we continue to execute our strategy."

Mr. Brodt said, "I am honored to take on the role of CFO at Sequans and build on the strong foundation established by Deborah. I look forward to working with the team to drive continued growth and value for our shareholders."

Norman Brodt has served as Vice President, Finance since January 2025. In this role, he has been responsible for financial planning and analysis, process improvement and financial reporting. Prior to joining Sequans, he held multiple leadership roles at Alcatel Lucent/Nokia, including CFO of Alcatel-Lucent Shanghai Bell and CFO/COO of Alcatel Radio Frequency Systems. He holds a Master's degree in Business Administration from the University of Bayreuth, Germany.