PowerFleet, Inc. has appointed experienced software industry leader Steve Towe as the company's new Chief Executive Officer (CEO). Towe replaces Chris Wolfe, who has retired from the business after serving as CEO since December 2016. With a proven track record of scaling high value, global technology organizations, Towe joins PowerFleet from Aptos, the global leader of unified commerce solutions in the retail enterprise SaaS market, where he successfully served as President and Chief Operating Officer for the past five years.

Most notably, he served as Chief Commercial Officer of Masternaut, where he was instrumental in delivering robust revenue growth and profit expansion during his tenure from 2011 to 2016.