CalAmp Board of Directors Elects Henry Maier as Next Independent Chair

Rhea-AI Summary

CalAmp (Nasdaq: CAMP) has announced the election of Henry Maier as the new Independent Chair of its Board of Directors, effective from the 2022 Annual Meeting. Maier succeeds Amal Johnson, who will not seek re-election. With over 40 years in the transportation industry, including leadership at FedEx Ground, Maier brings valuable insights and experience. He aims to guide CalAmp’s growth and innovation strategies, focusing on the opportunities within the evolving transportation and logistics market. Johnson expressed confidence in CalAmp's leadership moving forward.

Positive

• Henry Maier's election is expected to bring fresh perspectives and industry expertise to CalAmp's leadership.
• Maier has a strong track record, including leading FedEx Ground to $31.5 billion in revenue in fiscal 2021.

Negative

• Transitioning leadership may raise concerns regarding continuity and experience as Maier steps into the Chair role.

IRVINE, Calif., May 17, 2022 (GLOBE NEWSWIRE) -- CalAmp (Nasdaq: CAMP), a connected intelligence company helping people and organizations improve operational performance with a data-driven solutions ecosystem, today announced the election of Henry Maier as incoming Independent Chair of the CalAmp Board of Directors, effective as of the Company’s 2022 Annual Meeting of Stockholders (the “Annual Meeting”). Maier will succeed Amal Johnson, who has served as Chair of the Board since August 2020 and, as previously announced, will not stand for re-election at the upcoming Annual Meeting.

Maier joined the CalAmp Board in June 2021 and serves on the Board’s Audit Committee and Human Capital Committee. With over 40 years of experience in the transportation industry, including more than 30 years at FedEx companies, Maier has deep expertise in logistics, sales, marketing and communications. Most recently, he served as President and CEO of FedEx Ground, a subsidiary of FedEx Corp which, under his leadership, achieved approximately $31.5 billion in revenue in fiscal year 2021. Maier currently serves on the Boards of transportation logistics platform C.H. Robinson, transportation holding company Kansas City Southern and e-commerce parts company CarParts.com, and previously served on the Strategic Management Committee of FedEx Corp.

“Henry has been a key voice and important contributor in the boardroom since joining CalAmp last year, offering valuable industry insights and fresh perspectives on driving operational excellence,” said Amal Johnson, Chair of the CalAmp Board of Directors. “As CalAmp executes on its strategy to meet the growing demand for telematics solutions, the Board and I are confident that Henry is the right leader to guide our continued growth and innovation as Chair.”

“CalAmp’s mission to transform the global connected economy is more critical than ever, and I am honored to further serve the Company as Chair of the Board,” said Henry Maier. “I believe deeply in CalAmp’s strategy, growth trajectory and talented team. We see significant opportunity in today’s transportation and logistics market, and I am excited to continue working closely with CalAmp’s CEO Jeff Gardner and the rest of the Board to drive profitable growth, global expansion, and enhanced value for all shareholders.”

Johnson added, “It has been my great pleasure to serve on the CalAmp Board and help businesses worldwide leverage the power of connectivity, real-time analytics, and data in motion. I look forward to watching the talented team at CalAmp continue to grow its leadership within the global connected economy in the years to come.”
      
About CalAmp
CalAmp (Nasdaq: CAMP) is a connected intelligence company that leverages a data-driven solutions ecosystem to help people and organizations improve operational performance. We solve complex problems in transportation and logistics, commercial and government fleet, industrial equipment and consumer vehicle marketplaces by providing solutions that track, monitor and recover vital assets. The insights enabled by our cloud platform, applications and edge computing devices drive operational visibility, safety, efficiency, maintenance and sustainability. Headquartered in Irvine, California, CalAmp has over one million software and services subscribers and 10 million edge devices deployed worldwide. For more information, visit calamp.com, or LinkedIn, Facebook, Twitter, YouTube or CalAmp Blog.

CalAmp, LoJack, TRACKER, Here Comes The Bus, Bus Guardian, iOn Vision, CrashBoxx and associated logos are among the trademarks of CalAmp and/or its affiliates in the United States, certain other countries and/or the EU. Spireon acquired the LoJack® U.S. Stolen Vehicle Recovery (SVR) business from CalAmp and holds an exclusive license to the LoJack mark in the United States and Canada. Any other trademarks or trade names mentioned are the property of their respective owners.

CalAmp Media Inquiries	CalAmp Investor Inquiries
Edward Lin	Leanne K. Sievers
Merritt Group for CalAmp	Shelton Group
240.994.3027	949.224.3874
lin@merrittgrp.com	sheltonir@sheltongroup.com

 

FAQ

Who is the new Chair of CalAmp's Board of Directors?

Henry Maier has been elected as the new Independent Chair of CalAmp's Board of Directors.

When does Henry Maier officially start as Chair of CalAmp?

Henry Maier's role as Chair becomes effective at the 2022 Annual Meeting of Stockholders.

What experience does Henry Maier bring to CalAmp?

Henry Maier has over 40 years of experience in the transportation industry, with leadership roles at FedEx companies.

What are the anticipated changes with Henry Maier as Chair?

Maier is expected to drive growth and innovation at CalAmp, especially in the transportation and logistics market.

Why is Amal Johnson stepping down as Chair of the Board?

Amal Johnson chose not to stand for re-election at the upcoming Annual Meeting.