– USA, FL – The LGL Group, Inc. (NYSE American: LGL) today announced the elections of Darlene DeRemer and Herve Francois to its Board as Independent Directors, effective immediately.
“We are delighted that Ms. DeRemer and Mr. Francois have joined our Board. Darlene brings 35 years of experience in asset management and investment banking. Herve offers 20-plus years of experience in technology investing as well as broad financial analysis acumen,” said Board Chairman, Marc Gabelli.
About Darlene DeRemer
Darlene DeRemer brings a career in investment banking, new product development, and governance positions of leadership. Ms. DeRemer currently serves as the Chairwomen and Trustee of ARK ETF Trust and was a Managing Partner at Grail Partners LLC, a financial services merchant bank from 2005 to 2019, and remains an Advisory Partner today. She served on the Board of Directors for United Capital Wealth Advisors, from 2008 to 2019 and the Board of Directors for Confluence Technologies, Inc. (2018 – 2021). Earlier in her career, Ms. DeRemer was VP and Director in the Asset Management Division of State Street Bank and VP at T. Rowe Price & Associates.
Ms. DeRemer also serves on the Board of Trustees for Syracuse University from which she holds an MBA and BS.
About Herve Francois
Herve Francois has broad financial services experience in research and sales, including specializations in technology investing. Mr. Francois currently serves as Partner & Acquisition Manager at DeRosa Group, a real estate investment firm. Mr. Francois has worked as a Financial Analyst and Institutional Equity Sales Manager at Citigroup, Credit Suisse First Boston, and several other investment banking firms over a 23-year career on Wall Street. As a Financial Analyst, Mr. Francois covered many Technology stocks and ranked 3rd in the stock picking category in Wall Street Journal’s “Best Analysts on The Street” for 2002. Mr. Francois also led U.S. Equity Sales at Mizuho Securities.
Mr. Francois holds an M.B.A. from Georgetown University and a B.A. in Economics from Boston College.
About The LGL Group, Inc.
The LGL Group, Inc. is a holding company engaged in services, merchant investment, and manufacturing business activities. Precise Time and Frequency, LLC is a globally positioned producer of industrial Electronic Instruments and commercial products and services. Founded in 2002, PTF operates from our design and manufacturing facility in Wakefield, Massachusetts. Lynch Capital International LLC is focused on the development of value through investments.
LGL’s business strategy primarily focuses on growth through expanding new and existing operations across diversified industries. The LGL Group Inc.’s engineering and design origins date back to the early part of the last century. In 1917, Lynch Glass Machinery Company, the predecessor of LGL, was formed and emerged in the late twenties as a successful manufacturer of glass-forming machinery. The company was then renamed Lynch Corporation and was incorporated in 1928 under the laws of the State of Indiana. In 1946, Lynch was listed on the “New York Curb Exchange,” the predecessor to the NYSE American. The company has had a long history of owning and operating various businesses in the precision engineering, manufacturing, and services sectors.
SOURCE: https://www.lglgroup.com/
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