Lantronix Announces the Passing of Chairman of the Board Paul Folino
October 16 2023 - 4:42PM
Lantronix Inc. (NASDAQ: LTRX), a global provider of secure turnkey
solutions for the Industrial Internet of Things (IoT) and the
Intelligent IT market, today announced that Paul Folino, Chairman
of the Lantronix Board of Directors, passed away on Saturday,
October 14, 2023. Mr. Folino was not standing for re-election to
the Board of Directors at Lantronix’s 2023 Annual Meeting of
Stockholders, being held on Nov. 7, 2023.
“We are deeply saddened by the passing of Paul Folino, who
served on the Lantronix Board since 2012,” said Jeremy Whitaker,
Lantronix CFO and Interim CEO. “During his tenure, Paul’s
leadership, profound business insight and ability to drive
management to deliver measurable results while building consensus
helped Lantronix become a major player in the industrial IoT
market. Paul was also a key contributor to the substantial growth
the Company has experienced during the last several years.”
“I have had the privilege of knowing Paul for over thirty years
and serving with him for eleven years on the Board of Lantronix,”
said Mr. Hoshi Printer, a current Lantronix Board member. “He was
not only a key contributor to the success and transformation of
Lantronix but also set an example for all of us as a pillar of the
Community. We are grateful for his many contributions, and on
behalf of everyone at Lantronix, send condolences to his family,
friends, and colleagues.”
In the past, Paul was named “Orange County Philanthropist of the
Year” by the Association of Fundraising Professionals and sat on
several Orange County non-profit boards, including Chapman
University, Cal State Fullerton’s Business School and Philanthropic
Foundation, and the Orange County High School of the Arts. In
addition, he was recognized by the Orange County Business Journal
as one of the “Top 50 Most Influential Business Leaders” in Orange
County and served on the Boards of several other Orange County
Companies, including Emulex Corporation, CoreLogic, Inc., Microsemi
Corporation and Commercial Bank of California.
Jason W. Cohenour, a current member of the Board of Lantronix,
has been named interim Chairman of the Board.
About Lantronix Lantronix Inc. is a global
Industrial and Enterprise Internet of Things (IoT) provider of
solutions that target high-growth applications in specific vertical
markets, including Smart Grid, Intelligent Transportation, Smart
Cities and AI Data Centers. Lantronix’s history in networking and
video processing as well as its leading-edge applications include
Intelligent Substations infrastructure, Infotainment systems and
Video Surveillance, supplemented with comprehensive Out of Band
Management (OOB) solutions for Cloud and Edge Computing.
Lantronix’s solutions empower companies to achieve success in
the growing IoT and OOB markets by delivering customizable
solutions that address each layer of the IoT Stack, including
Collect, Connect, Compute, Control and Comprehend. For more
information, visit the Lantronix website.
Learn more at the Lantronix blog, which features industry
discussion and updates. Follow Lantronix on Twitter, view its
YouTube video library or connect on LinkedIn.
© 2023 Lantronix, Inc. All rights reserved. Lantronix is a
registered trademark. Other trademarks and trade names are those of
their respective owners.
Lantronix Media
Contact: Gail
Kathryn MillerCorporate Marketing &Communications
Managermedia@lantronix.com949-212-0960
Lantronix Analyst and Investor
Contact: Jeremy
WhitakerChief Financial Officerinvestors@lantronix.com
949-450-7241
Lantronix Sales:
sales@lantronix.comAmericas +1 (800) 422-7055 (US and Canada) or +1
949-453-3990Europe, Middle East and Africa +31 (0)76 52 36 744Asia
Pacific + 852 3428-2338China + 86 21-6237-8868Japan +81 (0)
50-1354-6201
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/1845204c-1743-4110-b586-f6dbe0b0d61c
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