Sierra Wireless announced that it has entered into an agreement with Lion Point Capital, LP. Under the terms of the agreement, two incumbent directors, Paul C. Cataford and Joy Chik, will step down from the Board and two new independent directors, Jim Anderson and Karima Bawa, will be appointed to the Board, effective immediately. Jim Anderson is Lattice Semiconductor's President and CEO and serves on the company's Board of Directors. Karima is a Senior Fellow at the Centre for International Governance and Innovation and serves as an IP Advisor. She is a board member for the College of Patent Agents and Trademark Agents and for the British Columbia Health Professions Review Board.