About xG

  Directors and Advisors

  Management Team

  Supplier Partners

  Careers

Directors

The Board carries a number of responsibilities. These include:

• Setting the Group’s strategic aims, values and standards
• Providing strategic leadership
• Ensuring that the obligations of the Group to its shareholders are understood and met
• Agreeing and monitoring the control framework in place to assess and manage risk

Photo of xG Technology, Inc. Board of Directors and Executive Management taken at the
xG Technology Event, September 6th, 2007.

Richard L. Mooers
Chairman & CEO, age 44

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 and subsequently worked at various accounting firms, including Kenneth Foster & Co CPAs and MacDade Abbot & Co CPAs, in the Northeast US from his graduation until 1991.

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 subsequently became CEO of that company. In these roles 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 start-ups, commercializations and public offerings.

Rick co-founded Mooers Branton & Company and  MB Merchant Group, LLC with Roger Branton in 1997.  Mooers Branton & Company is an international merchant bank which provides early-stage financing to emerging businesses in the technology, hospitality and real estate sectors. Mooers Branton & Company manages its portfolio of investments through the privately held company,  MB Merchant Group, LLC.

Rick's merchant banking work has given him a wide range of international experience, including experience in restructurings, turnarounds and mergers and acquisitions. Together with Roger Branton and Joe Bobier, Rick co-founded xG Technology, Inc. in August 2002.

As a merchant banker, Rick from time to time takes on operational roles in portfolio companies. That is the case with xG Technology, Inc. where he presently serves as Chairman & CEO on a full-time basis. Drawing on his varied experiences as a serial entrepreneur from a merchant banking platform, Rick is a generalist in a world of specialists. For example, he possesses a working knowledge or better in areas such as management, finance, accounting, tax; international dealings, restructurings/turnarounds, business start-ups, 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 xG Technology, Inc. Rick has been involved in leading the various stages of business from start-up to private placements to commercialization to IPO to exit.

On a day–to-day basis within xG Technology, Inc., Rick’s responsibilities include a) communicating the vision and message of the business; b) key relationship management; c) liaising with media and advisors; d) management of the business; and again most importantly e) risk management. He strives to effectively execute on his responsibilities while simultaneously aligning the goals of various parties. First and foremost, he ensures that the goals of the Company are aligned with those of the shareholders. Likewise, he ensures appropriate incentives are in place to provide for the alignment of the goals of various external relationships such as customers and key vendors with those of the Company.
 

Roger G. Branton
COO & CFO, age 40

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 Horty & Horty in Wilmington, Delaware, US from his graduation until 1993. Roger went on to become an associate at Dominion Group Limited, an investment/merchant bank which specialized in the technology, agriculture and environmental industries, where he worked until 1997. His work at Dominion Group Limited included, but was not limited to, acting as interim chief financial officer for several companies within its investment portfolio.

Roger co-founded Mooers Branton & Company and  MB Merchant Group, LLC with Rick Mooers in 1997.  Mooers Branton & Company is an international merchant bank which provides early-stage financing to emerging businesses in the technology, hospitality and real estate sectors. Mooers Branton & Company manages its portfolio of investments through the privately held company,  MB Merchant Group, LLC.

Together with Rick Mooers and Joe Bobier, Roger co-founded xG Technology, Inc. in August 2002, where he presently serves as COO and CFO.

Roger takes an operational role in the companies managed by Mooers Branton & Company, and he draws on a wealth of general experience through his merchant bank experience.

In his role as an officer of xG Technology, Inc. he works quite closely with Rick Mooers in a wide variety of roles including management, finance, accounting, tax; international dealings, restructurings/turnarounds, business start-ups, 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.

On a day-to-day basis within xG Technology, Inc. Roger’s responsibilities include a) overseeing the successful execution of, and adherence to, the business plan; b) ensuring timely completion of key projects; c) facilitating efficient communication of the message and corporate vision to key employees and relationships; d) contract review; e) liaising with the financial community; f) both macro- and microeconomic analysis; and most importantly g) ensuring that the Company does not exceed its already secured resources.
 

James Woodyatt
Deputy CEO, age 40

James is a British citizen based in Switzerland. He has worked in the financial markets industry since 1990 and held various positions in institutions, including Nomura Bank (Japanese equities, convertible and warrant bond sales), Tradition SA (interest rate swaps, inter-bank dealing) and Decillion AG (convertible arbitrage fund marketing). In 2001 James joined Optimal Investment Services SA, the hedge fund arm of Spain’s Grupo Santander where he was a Senior Vice President, head of International sales and marketing and a member of the company’s management committee. In 2006, James co-founded and became the president of Veegoo Holding and Managing Director of Veegoo Capital Services SA, a group which is active in business advisory and private equity.

Victor Suno
Non-Executive Director, age 31

Victor has a bachelor's degree from the University of Lund, Sweden, and has been a Swedsec licensed security dealer since 2001. Victor worked as an asset manager at Fischer Partners Fondkommission AB for five years until 2002, where he was an asset manager for high net worth individuals and institutions. His experience there also included helping to launch an equity fund specializing in investing in pre-IPO and newly-listed companies. He subsequently joined ACH Securities S.A., a Swiss-registered securities dealer which is active in helping small and medium sized companies with pre-IPO financing. ACH Securities S.A has, since 2002, provided funding for numerous companies in the fields of technology, industry, oil and gold.  Victor serves on the xG Technology, Inc. Board of Directors' Audit and Remuneration Committees.

 
 
Palmi Sigmarsson -
Non-Executive Director, age 46

Palmi has been a licensed securities broker since 1989. For the last 18 years, he has been working as an investment adviser to several pension funds and large corporations in Iceland. Palmi graduated from the University of Iceland in 1986 with a degree in business administration. From 1987 to 1990 Palmi served as head of an institutional securities brokerage at Iceland Investment Corporation, which was the first listed securities company in Iceland. From 1991 to 1995, Palmi was the managing director of Reykjavik Securities (Handsal hf.), a licensed securities company. From 1991 to 1993, Palmi was also appointed as a representative of Icelandic securities companies to a committee formed by the Icelandic securities industry, tasked with reviewing the Icelandic securities law. He moved on to work at Spectra Kapitalforvaltning AB, a licensed securities company, from 1996 until 2004, where he headed the Icelandic branch of the company. He currently runs his own adviser company, PS Consulting ehf, which focuses on providing advice to both private and corporate professional investors.  Palmi serves on the xG Technology, Inc. Board of Directors' Audit and Remuneration Committees.

 
Mats Wennberg
Non-Executive Director, age 49

From 1986 to 2002 Mats 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 sales operations for Microsoft until September 2002. He has subsequently been working as a senior adviser for IT Provider AB, a leading Nordic venture capital firm which focuses on accelerating the growth of Nordic early and expansion stage technology companies. He is currently the chief executive officer of Wennberg Industries AB, a company which he founded in 2002 and which has invested in a number of early stage software focused companies. Mats was also chief executive officer of xG Technology, Inc. from January 2004 to September 2005. Mats serves as the Chairman of the xG Technology, Inc. Board of Directors' Audit and Remuneration Committees.

Advisors

ING Bank N.V./London Branch (Nominated Advisor)
60 London Wall
One South Place
London EC2M 5TQ

Dr. Stuart Schwartz, Professor, Department of Electrical Engineering, Princeton University, IEEE Fellow, Ph.D. University of Michigan

Dr. Tandhoni S. Rao, Technical Advisor, MBA, University of Texas, Ph.D. EE Georgia Tech, co-founder and CTO of Envoy Networks, Inc.

Dr. Richard Mandelbaum, Ph.D. Princeton University, former CEO of Applied Theory

Dr. David K. Cohoon, B.S., Massachusetts Institute of Technology, Ph.D., Purdue.

Julian Epstein, Public Affairs and Communications Counselor, LawMedia Group, Inc.

Hal Mordkofsky, FCC Attorney, Blooston Mordkofsky, Duffy, Dickens & Prendergast

Joseph Ostoyich, Patent Review Counsel, Howrey, Simon, Arnold, & White