Management ChangeJun 17, 2026, 08:41 AM
Elauwit Connection Appoints Nick Jones as CIO & COO; Alder Departs
AI Summary
Elauwit Connection, Inc. announced the appointment of Nick Jones as Chief Information Officer and Chief Operating Officer, effective June 15, 2026. Mr. Jones, 47, brings extensive experience from World Cinema, Inc. and NJT, Inc., and will receive an annual base salary of $300,000 along with a $50,000 restricted stock unit sign-on award. Concurrently, Richard Alder was released from his role as Chief Operations Officer, effective June 11, 2026, and will receive termination payments.
Key Highlights
- Elauwit Connection appointed Nick Jones, 47, as Chief Information Officer and Chief Operating Officer, effective June 15, 2026.
- Mr. Jones will receive an annual base salary of $300,000 and a one-time sign-on award of restricted stock units with a fair value of $50,000.
- He was previously Executive Vice President and COO at World Cinema, Inc. from August 2016 to June 2026.
- Richard Alder was released from his position as Chief Operations Officer effective June 11, 2026.
- Alder is entitled to certain payments consistent with termination without cause.
- Elauwit Connection is a national managed services provider of broadband and WiFi networks for rental communities.
Price Impact
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