– USA, MA – LoJack Corporation (NASDAQ: LOJN) today announced that John A. Janitz has been named to the Company’s Board of Directors, effective immediately. LoJack and Engine Capital, L.P. worked together to identify Mr. Janitz as a candidate for the Board.
“John Janitz brings significant financial, operating and public company board experience to our board of directors,” said LoJack CEO and President Randy Ortiz. “We look forward to his contributions as we execute on our strategy to expand the products and services under the LoJack brand, improve profitability and drive long-term shareholder value.”
Mr. Janitz, 72, is Chairman and Co-Founding Partner of Evergreen Capital Partners, a financial advisor and investment manager. In this role he also serves as a senior advisor to the private equity firm The Gores Group, where he sources investment opportunities and advises on strategy, technology, manufacturing and operational matters in the industrial sector. Mr. Janitz previously served as Chairman – Global Industrial Partners at Credit Suisse, as a member of the Board and Chief Operating Officer of NYSE-listed Textron, Inc., as President of Gulf & Western Manufacturing Co., and as Executive Vice President of global automotive technology company TRW Inc. He began his career at Ford Motor Company.
Mr. Janitz is a director of NYSE-listed STR Holdings LLC and Eastman Kodak Company. He received a B.S. degree in mechanical engineering from Villanova University, an M.B.A. from Eastern Michigan University and is a graduate of the Harvard University Advanced Management Program.
About LoJack Corporation
LoJack Corporation, the company that has helped more than nine million people protect their vehicles in the event of theft over the past 25+ years, today provides safety, security and protection for an ever-growing range of valuable assets and people. Leveraging its core strengths, including its well-known brand, direct integration with law enforcement and dealer distribution network, LoJack Corporation is expanding our business to include our traditional vehicle and equipment theft recovery, people at risk and new telematics-based products and services. LoJack is delivering new telematics-based solutions for on-road and off-road fleet management, as well as, dealer inventory management. By expanding our brand beyond stolen vehicle recovery, LoJack Corporation is committed to creating a new level of value for its dealer, licensee, customer and investor communities by delivering innovative offerings and multiple technologies in expanding geographies.
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