DIRECTORS

Rick MooersRick Mooers, Chairman and CEO

Together with Roger Branton and George Schmitt, Rick Mooers co-founded MB Technology Holdings, LLC (MBTH) in July 2010. MBTH is a technology holding and service company whose mission is to pursue suitable acquisitions for its portfolio by identifying companies requiring assistance in their next phases of growth, both organically and via add-on acquisitions.

Currently, Rick serves as a Non-Executive Director of xG Technology, Inc., a NASDAQ-listed company with patented technologies that enable radio spectrum to be shared. xG is delivering a range of spectrum-agnostic, cognitive radio solutions under the xMax brand that are designed to enhance wired and wireless communications.  Rick from time to time takes on operational roles in portfolio companies. Rick previously served as Chairman & CEO of xG Technology, Inc.

Rick is a generalist in a world of specialists. Rick possesses a working knowledge or better in areas such as management, finance, accounting, tax; international dealings, restructurings/turnarounds, business startups, mergers and acquisitions, securities, legal, investment banking, consulting, negotiating and structuring transactions, licensing; regulatory issues, and most importantly risk management. Rick has both international and US-based experience. Rare and uniquely beneficial to an early stage company, he brings this multinational experience, as well as his key international relationships, to MBTH. Rick has been involved in leading the various stages of business, from start-up, to private placements, to commercialization, to IPO, to exit.

In 1985, Rick graduated summa cum laude from the University of Maine, United States, with a Bachelor of Science degree in business administration. He trained as a certified public accountant. In late 1991, Rick joined Dominion Group Limited, an investment/merchant bank which specialized in the technology, agriculture, and environmental industries, initially as director of corporate finance. He became CEO where he gained a wide range of both international and US experience, including being involved with a number of businesses in various stages of development, including startups, commercializations and public offerings.

George SchmittGeorge Schmitt, Director

George Schmitt has over 45 years of broad telecom experience in wireless and wireline companies. He currently serves as CEO and Executive Chairman of the Board for xG Technology, Inc. He also serves on the Boards of Calient, Kentrox and Teleworx. Mr. Schmitt is an SBIC Director at TeleSoft Partners, a Silicon Valley based venture capital firm, and is Trustee of St. Mary’s College of California in Moraga, California.

Mr. Schmitt’s experience includes e.spire Communications, Omnipoint Communications, LHS Group, Objective Systems Integrators, PCS PrimeCo, AirTouch Communications, Mannesmann Mobilfunk (Germany), Pacific Telesis, Pacific Telephone, and AT&T. Most recently, Mr. Schmitt was Chairman and Chief Executive Officer of e.spire Communications, a provider of voice, data and Internet services to markets throughout the U.S. Previously, Mr. Schmitt was President and Director at Omnipoint Communication Services (NASDAQ: OMPT) until VoiceStream’s acquisition of Omnipoint Corporation in 2000. Mr. Schmitt was also a Director of two telecom software companies: LHS Group (NASDAQ: LHSG), where he was a Director and member of the Audit Committee prior to its acquisition by Sema in 2000, and Objective Systems Integrators (NASDAQ: OSII), where he was also a Director and Chairman of the Audit Committee and member of the Compensation Committee, which was acquired by Agilent Technologies in 2000.

Prior to joining Omnipoint, Mr. Schmitt was President and Chief Executive Officer of PCS PrimeCo (now part of Verizon Wireless), a national PCS partnership formed by AirTouch, Bell Atlantic, NYNEX and U.S. West. Mr. Schmitt came to PrimeCo from AirTouch where he was Executive Vice President of International Operations responsible for AirTouch’s operations in its ventures in Germany, France, Sweden, Belgium, Italy, Portugal, Japan, Korea and Thailand. Prior to PCS PrimeCo, Mr. Schmitt was a member of the board of management of Mannesmann Mobilfunk in Germany, and also headed the company’s technical department. Mr. Schmitt’s department’s responsibilities included the complete development and operation of the D2 network, the first commercial GSM network in the world.

Mr. Schmitt also served as the Chairman of the GSM Association, an international organization responsible for overseeing the worldwide implementation of GSM wireless technology.

In 2013, Mr. Schmitt was inducted into the Wireless Hall of Fame by the Wireless History Foundation, an organization formed to preserve and promote the history of the wireless industry. The Wireless Hall of Fame Program provides public recognition of outstanding individuals across all segments of the wireless industry. Induction into the Wireless Hall of Fame is one of the industry’s highest honors, acknowledging the leadership, innovation and achievement of each honoree.

Mr. Schmitt received an M.S. in Management from Stanford University, where he was a Sloan Fellow, and a B.A. in Political Science from Saint Mary’s College.

 

Roger BrantonRoger Branton, Director

Together with Rick Mooers and George Schmitt, Roger Branton co-founded MB Technology Holdings, LLC (MBTH) in July 2010. MBTH is a technology holding and service company whose mission is to pursue suitable acquisitions for its portfolio by identifying companies requiring assistance in their next phases of growth, both organically and via add-on acquisitions.

Currently, Roger serves as CFO of xG Technology, Inc., a NASDAQ-listed company with patented technologies that enable radio spectrum to be shared. xG is delivering a range of spectrum-agnostic, cognitive radio solutions under the xMax brand that are designed to enhance wired and wireless communications.

Roger has managed all the stages of growth within MBTH’s portfolio of companies including the start-up phase and obtaining growth capital through initial public offerings.

Roger works quite closely with Rick Mooers in a wide variety of roles, including management, finance, accounting, tax; international dealings, restructurings/turnarounds, business startups, mergers and acquisitions, securities, legal, investment banking, consulting, negotiating and structuring transactions, licensing; regulatory issues, and risk management. Roger has invaluable international experience and relationships, and has been involved in each of the various stages of business from start-up, to private placements, to commercialization, to IPO on the London Stock Exchange (LSE) and NASDAQ, to exit.

In 1989, Roger graduated from West Chester University in Pennsylvania with a Bachelor of Science degree in accounting. He trained as a certified public accountant and worked for Dominion Group Limited, an investment/merchant bank which specialized in the technology, agriculture, and environmental industries, where his duties included acting as interim chief financial officer for several companies within its investment portfolio.

 

JackGrubman_MBTH website picJack Grubman, Director

Jack Grubman is the managing partner at Magee Group, LLC, a firm he founded in 2003, that provides strategic consulting for telecom and technology companies, especially focusing on those companies in the IP, wireless, broadband and next-generation network areas.  Magee Group provides advisory services on business development, technology focus and strategic positioning.

Mr. Grubman worked on Wall Street from 1985 to 2002.  He joined PaineWebber in 1985 as a telecommunications equity analyst, and then joined Salomon Brothers in 1994 as their telecommunications equity analyst, with Salomon eventually becoming part of Citigroup.  He was Head of Global Telecommunications Research at Citigroup where Mr. Grubman led a team of analysts worldwide covering over 150 publicly traded global telecom companies. Mr. Grubman also actively participated in many of the largest equity offerings, privatizations, and M&A deals that occurred in the telecom industry.

Prior to working on Wall Street, Mr. Grubman worked at AT&T from 1977 to 1985, first in AT&T Long Lines from 1977 to 1982 doing econometric modeling for demand analysis and network construction projects as well as engineering and cost analysis for regulatory filings.  From 1982 through 1985, Mr. Grubman worked at AT&T Corporate, first working on divestiture planning then on business and strategic planning for the post-divestiture AT&T.

Mr. Grubman received a BA in Mathematics from Boston University in 1975 and an MS in Mathematical Statistics from Columbia University in 1977.

 

Mats Wennberg MBTH April 2015Mats Wennberg, Director

Born in Sweden, Mats Wennberg has been involved in the IT industry since 1976. From 1986 to 2002 he worked for Microsoft where he was the Managing Director for the Nordic and Baltic region, based in Stockholm. In 1999, he was assigned to London as Vice-President for Europe, the Middle East and Africa, where he was responsible for various business and sales operations for Microsoft until September 2002. Mats is today a management consultant via his company and is engaged in a number of Nordic early stage companies focusing primarily on the North American market.