TeraGo Inc., a Toronto-based provider of wireless connectivity and private 5G wireless networking services for businesses, announced Monday the appointment of Rajneesh Sapra as the company’s chief financial officer, effective April 1.
Sapra takes over the role from Parveen Mithra, who was appointed as interim CFO in March following the resignation of former CFO Jason Toledano, who had held the position for only two months before his departure.
“We are very pleased to welcome Rajneesh to TERAGO,” Daniel Vucinic, TeraGo’s CEO, said in a press release. “His strategic leadership, broad capital markets experience and strong M&A track record will add important value to the business. Additionally, his strong operational focus will contribute significantly to our financial strategy, driving growth, improving cash flow generation, and enhancing shareholder value as we continue to execute our business transformation.
“We also want to thank Parveen Mithra for her strong leadership as Interim CFO and look forward to her continued contributions,” Vucinic added.
Sapra most recently served as CFO of NexJ Systems, a publicly traded financial technology company based in Toronto. He was with NexJ for 12 years “where he led the finance function end-to-end and played a pivotal role in leading the company through significant milestones, including its successful initial public offering and eventual acquisition by a large Canadian software company [Constellation Software Inc.],” the press release says.
Prior to NexJ, Sapra worked in KPMG LLP’s technology audit practice in Toronto, focusing on the telecom and software technology sectors.
“I am pleased to join TERAGO and look forward to collaborating with Dan and the team to drive strong financial performance and create value for all stakeholders,” Sapra said in a statement.
