Lantronix Names Brent Stringham as CFO
Lantronix (NASDAQ: LTRX) has appointed Brent Stringham as its permanent Chief Financial Officer (CFO). Stringham, who previously served as the company's interim CFO and Chief Accounting Officer, has been with Lantronix since 2012. Prior to Lantronix, he held financial positions at Iteris Inc., Netlist Inc., and Ernst & Young.
CEO Saleel Awsare highlighted Stringham's deep institutional knowledge and extensive financial expertise gained through his 13-year tenure with the company. The appointment aligns with Lantronix's commitment to delivering shareholder value and advancing its strategic focus on Edge Intelligence in the IoT industry.
Lantronix (NASDAQ: LTRX) ha nominato Brent Stringham come Chief Financial Officer (CFO) permanente. Stringham, che in precedenza ha ricoperto il ruolo di CFO ad interim e Chief Accounting Officer dell'azienda, è con Lantronix dal 2012. Prima di entrare in Lantronix, ha ricoperto posizioni finanziarie presso Iteris Inc., Netlist Inc. e Ernst & Young.
Il CEO Saleel Awsare ha messo in evidenza la profonda conoscenza istituzionale di Stringham e la sua vasta esperienza finanziaria acquisita durante i suoi 13 anni di permanenza in azienda. La nomina è in linea con l'impegno di Lantronix a fornire valore agli azionisti e a far progredire il suo focus strategico sull'Edge Intelligence nel settore dell'IoT.
Lantronix (NASDAQ: LTRX) ha nombrado a Brent Stringham como su Director Financiero (CFO) permanente. Stringham, quien anteriormente se desempeñó como CFO interino y Director de Contabilidad de la empresa, ha estado en Lantronix desde 2012. Antes de Lantronix, ocupó cargos financieros en Iteris Inc., Netlist Inc. y Ernst & Young.
El CEO Saleel Awsare destacó el profundo conocimiento institucional y la amplia experiencia financiera de Stringham adquirida durante su mandato de 13 años en la empresa. El nombramiento está alineado con el compromiso de Lantronix de aportar valor a los accionistas y avanzar en su enfoque estratégico en la Inteligencia de Borde en la industria de IoT.
Lantronix (NASDAQ: LTRX)는 Brent Stringham을 영구 CFO(Chief Financial Officer)로 임명했습니다. Stringham은 이전에 회사의 임시 CFO 및 Chief Accounting Officer로 재직했으며, 2012년부터 Lantronix에 근무하고 있습니다. Lantronix에 입사하기 전에는 Iteris Inc., Netlist Inc., Ernst & Young에서 재무 관련 직책을 맡았습니다.
CEO Saleel Awsare는 Stringham의 깊은 기관 지식과 13년간의 회사 재직 기간 동안 쌓은 폭넓은 재무 전문성을 강조했습니다. 이번 임명은 주주 가치를 제공하고 IoT 산업에서 Edge Intelligence에 대한 전략적 초점을 발전시키려는 Lantronix의 약속과 일치합니다.
Lantronix (NASDAQ: LTRX) a nommé Brent Stringham en tant que directeur financier (CFO) permanent. Stringham, qui a précédemment exercé les fonctions de CFO par intérim et de directeur comptable de l'entreprise, travaille chez Lantronix depuis 2012. Avant de rejoindre Lantronix, il a occupé des postes financiers chez Iteris Inc., Netlist Inc. et Ernst & Young.
Le PDG Saleel Awsare a souligné la connaissance institutionnelle approfondie de Stringham et son expertise financière étendue acquise au cours de ses 13 années au sein de l'entreprise. Cette nomination s'inscrit dans l'engagement de Lantronix à offrir de la valeur aux actionnaires et à faire progresser son axe stratégique sur l'intelligence de périphérie dans l'industrie de l'IoT.
Lantronix (NASDAQ: LTRX) hat Brent Stringham zu seinem permanenten Chief Financial Officer (CFO) ernannt. Stringham, der zuvor als interimistischer CFO und Chief Accounting Officer des Unternehmens tätig war, ist seit 2012 bei Lantronix. Vor seiner Zeit bei Lantronix hatte er finanzielle Positionen bei Iteris Inc., Netlist Inc. und Ernst & Young inne.
CEO Saleel Awsare hob Strings Kenntnis der Institutionen und seine umfassende Finanzexpertise hervor, die er während seiner 13-jährigen Tätigkeit im Unternehmen gesammelt hat. Die Ernennung steht im Einklang mit dem Engagement von Lantronix, den Aktionären Wert zu bieten und seinen strategischen Fokus auf Edge Intelligence in der IoT-Branche voranzubringen.
- Internal promotion demonstrates stability and continuity in financial leadership
- New CFO brings 13 years of company-specific experience and institutional knowledge
- None.
IRVINE, Calif., Jan. 10, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX) (the “Company”), a global leader in IoT compute and connectivity IoT solutions, today announced the appointment of Brent Stringham as its chief financial officer (CFO). Stringham has been an experienced financial leader with Lantronix since 2012 and previously served as the Company’s interim CFO and Chief Accounting Officer.
“Brent brings deep institutional knowledge and extensive financial expertise to his new role as CFO based on his many contributions to Lantronix over the past 13 years,” said Saleel Awsare, chief executive officer of Lantronix. “With Brent’s financial leadership, Lantronix remains firmly committed to delivering shareholder value and advancing its strategic objective focused on Edge Intelligence in the IoT industry.”
Prior to joining Lantronix, Stringham held financial positions with Iteris Inc., Netlist Inc. and Ernst & Young. Stringham holds a bachelor’s degree in Business Administration and Accounting from California State University in Fullerton, Calif., and is a licensed Certified Public Accountant.
About Lantronix
Lantronix Inc. is a global leader of compute and connectivity IoT solutions that target high-growth industries including Smart Cities, Automotive and Enterprise. Lantronix’s products and services empower companies to succeed in the growing IoT markets by delivering customizable solutions that address each layer of the IoT Stack. Lantronix’s leading-edge solutions include Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, supplemented with advanced Out-of-Band Management (OOBM) for Cloud and Edge Computing.
For more information, visit the Lantronix website.
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements within the meaning of federal securities laws, including, without limitation, statements related to Lantronix leadership. These forward-looking statements are based on our current expectations and are subject to substantial risks and uncertainties that could cause our actual results, future business, financial condition, or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. The potential risks and uncertainties include, but are not limited to, such factors as the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; our ability to mitigate any disruption in our and our suppliers’ and vendors’ supply chains due to the COVID-19 pandemic or other outbreaks, wars and recent tensions in Europe, Asia and the Middle East, or other factors; future responses to and effects of public health crises; cybersecurity risks; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to successfully implement our acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; and any additional factors included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2024, filed with the Securities and Exchange Commission (the “SEC”) on Sept. 9, 2024, including in the section entitled “Risk Factors” in Item 1A of Part I of that report, as well as in our other public filings with the SEC. Additional risk factors may be identified from time to time in our future filings. In addition, actual results may differ as a result of additional risks and uncertainties of which we are currently unaware or which we do not currently view as material to our business. For these reasons, investors are cautioned not to place undue reliance on any forward-looking statements. The forward-looking statements we make speak only as of the date on which they are made. We expressly disclaim any intent or obligation to update any forward-looking statements after the date hereof to conform such statements to actual results or to changes in our opinions or expectations, except as required by applicable law or the rules of the Nasdaq Stock Market LLC. If we do update or correct any forward-looking statements, investors should not conclude that we will make additional updates or corrections.
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Gail Kathryn Miller
Corporate Marketing &
Communications Manager
media@lantronix.com
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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/34154fb7-72d7-475a-a963-b1e9a1aa3f2c
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