Phunware names Jeremy Krol interim CEO, Rahul Mewawalla Executive Chairman and Chief AI Architect

Phunware, Inc.

Stephen Chen terminated as interim CEO and director; Jeremy Krol (COO) appointed interim CEO effective July 14, 2025.
Krol's employment agreement: $325,000 base salary, target annual bonus 50-150% of base, plus one-time equity grant of options.
Rahul Mewawalla appointed Executive Chairman and Chief AI Architect; receives $50,000/month cash compensation for six-month term.
Mewawalla will continue receiving board compensation and be nominated for reelection at 2025 annual meeting.

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