Recently we announced a leadership reorganization under which Jeff Gugick and Marc Schuster have been appointed interim Co-Chief Executive Officer, effective immediately, replacing Fabio Romano, who has been removed by the Board from his role as Chief Executive Officer.
We want to thank Fabio for his service to Logic Controls during a critical time of transition in the Company’s history, and against a very challenging macro-economic backdrop. We wish him all the best in his future endeavors. In the meantime, we are commencing a search for a permanent Chief Executive Officer and expect to engage the services of executive search firms to help us identify candidates for the position as expeditiously as possible.
We believe Jeff and Marc are excellent choices to serve in this interim role and lead the Company, due to their understanding of the Company and their service on the Board. As most of you know, they have very strong operational and financial background and will serve as an excellent chief executive and guiding voice for Logic Controls.
The Board has also named Shane Gilliam to a newly formed position of Vice President of Sales. Shane has thirty years of experience managing sales teams specializing in hardware and software. We have great confidence in Shane’s abilities. We look forward to capitalizing on Shane’s experience and ideas he brings to the Company.
We are confident that we have talented teams in place and see enormous opportunities on which Logic Controls can capitalize, and right now we are focused on leveraging the Company’s leadership and current business assets and platforms to execute against these. We fully intend to continue the Company’s growth and industry-leading innovation.
Thanks to your hard work and dedication, we have created something extraordinary here at Logic Controls. These changes will position us for future growth and will enable the Company to continue building on our success.
We don’t want to lose any of our momentum during this time, and we know we can count on all our employees, distributors, and resellers and other partners. We all remain focused on delivering the high level of hardware, software, customer service and innovation that our customers and partners have come to expect from us.
We want to thank you again for your commitment to Logic Controls!