SOURCE: Lantronix, Inc.

Lantronix, Inc.

January 04, 2011 08:00 ET

Lantronix Announces New Board of Directors

Larry Sanders Elected Chairman of the Board

IRVINE, CA--(Marketwire - January 4, 2011) - Lantronix, Inc. (NASDAQ: LTRX), a leading global provider of smart connectivity solutions that enable business and technology professionals to access any device, anywhere, anytime, today announced its new slate of directors, approved at its December 15, 2010 Annual Meeting of Shareholders. The new Board will consist of seven members, including newly-elected Chairman of the Board, Larry Sanders. Mr. Sanders was elected to the Lantronix Board of Directors in 2007, and has served since then in various roles on the Compensation and Audit Committees. The company concurrently announced that Mr. Hoshi Printer has been newly elected to the Lantronix Board of Directors. "Our priority is to enhance shareholder value" said Mr. Sanders. "With a stronger management team and an expanded product line, we expect to see improved revenue and profit growth in the coming year." 

The new Board of Directors includes:

  • Mr. Larry Sanders, Chairman. Mr. Sanders recently served as a director of Xantrex Technology Inc., and has served on the boards of six different companies. He was previously CEO of Sanera Systems. Prior to that, he held CEO positions at Crossroads Systems Corporation and Fujitsu Computer Products of America. Mr. Sanders began his career with the IBM Corporation where, during his 13 year career he held a number of sales, marketing and general management positions.

  • Mr. Bernhard Bruscha, Director. Founder of Lantronix, Mr. Bruscha served as the Company's chairman until May 2002. A serial entrepreneur for more than 20 years, Mr. Bruscha has started several technology distribution and hardware companies and currently serves as CEO of TL Investment GmbH and Technovest Alpha GmbH, two privately held investment companies.

  • Mr. Jerry Chase, President, CEO, and Director. Mr. Chase joined Lantronix as President and Chief Executive Officer in February 2008. Most recently Mr. Chase was president, CEO for Terayon Communication Systems. Prior to that, he held CEO positions at Thales Broadcast & Multimedia and Thales Broadcast & Multimedia (USA). Mr. Chase began his career as an officer and pilot in the U.S. Marine Corps, afterward attending Harvard Business School, where he received his MBA.

  • Mr. Hoshi Printer, Director. Mr. Printer most recently served as Executive Vice President and CFO for Autobytel. Prior to that, he served as CFO and Vice President of Finance and Administration for Peerless Systems Corporation. He has also held the CFO post at a number of other high-tech companies, including Neuron Data, Soane Technologies and Catalytica. Mr. Printer began his career at Xerox Corporation, where he spent 17 years, the last six as Vice President of Finance. 

  • Mr. John Rehfeld, Director and chairman of the compensation committee. Mr. Rehfeld is currently on the board of directors of ADC Corporation, Local.com Corporation, Overtone Inc. and Enkeboll Design. Prior to that he held chief executive officer positions at Spruce Technologies, Inc., ProShot Golf, Inc., Proxima Corporation and ETAK, Inc. Mr. Rehfeld has served as an adjunct professor for the Executive MBA program at Pepperdine University since 1998.

  • Mr. Howard Slayen, Director and chairman of the audit committee. Mr. Slayen has been a member of Lantronix' Board of Directors since August 2000. From September 1999 to May 2001, Mr. Slayen was Executive Vice President and Chief Financial Officer of Quaartz Inc., a web-hosted communications business. From 1971 to September 1999, Mr. Slayen held various positions with PricewaterhouseCoopers/Coopers & Lybrand, including his last position as a Corporate Finance Partner. Mr. Slayen has served on the Board of Directors of Aehr Test Systems, Netopia, Inc. and Quark BioPharmaceutical, as well as several private companies. He also serves on the boards of directors of the not-for-profit organizations Child Advocates of Silicon Valley and Jewish Family and Children Services of San Francisco.

  • Mr. Thomas Wittenschlaeger, Director and chairman of the nominating and governance committee. Mr. Wittenschlaeger has served as the Chairman and CEO of Raptor Networks Technology since 2004. Prior to that Mr. Wittenschlaeger served for two years as Senior Vice President of Corporate Development and Chief Technology Office of Personnel Group of America, Inc., which was later renamed Venturi Partners, Inc.

About Lantronix
Lantronix, Inc. (NASDAQ: LTRX) is a global leader of secure communication technologies that simplify remote access, management and control of any electronic device. Our solutions empower businesses to make better decisions based on real-time information, and gain a competitive advantage by generating new revenue streams, improving productivity and increasing efficiency and profitability. Easy to integrate and deploy, Lantronix products remotely connect and control electronic equipment via the Internet, provide secure remote access to firewall-protected equipment, and enable remote management of IT equipment over the Internet. Founded in 1989, Lantronix serves some of the largest medical, security, industrial and building automation, transportation, retail/POS, financial, government, consumer electronics/appliances, IT/data center and pro-AV/signage entities in the world. The company's headquarters are located in Irvine, Calif. For more information, visit www.lantronix.com.

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Contact Information

  • Company Contact:
    Reagan Sakai
    CFO
    Lantronix
    Email Contact

    Investor Contacts:
    Todd Kehrli / Jim Byers
    MKR Group, Inc.
    323-468-2300
    Email Contact

    Media Contacts:
    Amy Robinson / Katie Eakins
    LEWIS PR
    (619) 677-2700
    Email Contact