LoJack (LOJN) Appoints Randy Ortiz as CEO, Donald Peck as CFO
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LoJack Corporation (Nasdaq: LOJN) today announced the appointment of Randy L. Ortiz, a recognized auto industry veteran with nearly 30 years of experience at Ford Motor Company, as Chief Executive Officer and President, effective November 1, 2011. LoJack also named Donald R. Peck, a Chief Financial Officer, CPA and attorney with more than 30 years of business experience, as Executive Vice President and Chief Financial Officer, effective October 18, 2011. Richard T. Riley will remain as LoJack's Executive Chairman of the Board through May 2012 to ensure a seamless transition.
rtiz is an auto industry insider who at Ford led a team that increased Ford (NYSE: F) and Lincoln-Mercury market share for the first time in 14 years. He also played a key leadership role in restoring Ford's North American Business Unit to profitability, led the successful consolidation and rationalization of Ford's dealer network and served as the General Manager of Ford's worldwide export operations.
Peck has broad-based financial and legal experience and brings expertise in driving business growth and turn-around success, as well as managing external relationships with investors, analysts and independent auditors. He most recently served as Executive Vice President, Chief Financial Officer and Treasurer at Satcon Technology Corporation (Nasdaq: SATC).
rtiz is an auto industry insider who at Ford led a team that increased Ford (NYSE: F) and Lincoln-Mercury market share for the first time in 14 years. He also played a key leadership role in restoring Ford's North American Business Unit to profitability, led the successful consolidation and rationalization of Ford's dealer network and served as the General Manager of Ford's worldwide export operations.
Peck has broad-based financial and legal experience and brings expertise in driving business growth and turn-around success, as well as managing external relationships with investors, analysts and independent auditors. He most recently served as Executive Vice President, Chief Financial Officer and Treasurer at Satcon Technology Corporation (Nasdaq: SATC).
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