LoJack Corporation Names Kenneth L. Dumas as New Chief Financial Officer

CANTON, Mass., Oct. 30, 2014 /PRNewswire/ -- LoJack Corporation (NASDAQ GS: LOJN), a provider of vehicle theft recovery systems and advanced fleet management solutions, today announced the appointment of Kenneth L. Dumas, CPA, as Chief Financial Officer, effective November 10, 2014.  Casey Delaney, who became Acting CFO in May 2014, will remain LoJack's Vice President and Controller.

"Ken is an accomplished financial executive who brings more than 20 years of experience to LoJack," said Chief Executive Officer and President Randy L. Ortiz. "Ken has a reputation for being a hands-on, operational finance-oriented leader with excellent banking relationships and a global business perspective. Ken's proven track record in areas such as financial reporting, strategic planning, acquisitions and risk management in a public company setting, make him an excellent choice to become our new CFO."

Prior to joining LoJack, Dumas, 43, served as CFO and Treasurer at Chase Corporation, a New York Stock Exchange-traded multinational manufacturing company producing specialty tapes, coatings and laminates for high reliability applications. At Chase he was part of an executive team that managed growth in revenues from $70 million to $224 million including the completion of eight acquisitions. Before becoming Chase's CFO in 2007, Dumas served the company as Director of Finance and Corporate Controller. From 1993 to 2003 he worked for PricewaterhouseCoopers LLP, where his positions included Senior Manager in the firm's Assurance Practice. A Certified Public Accountant, Dumas received a bachelor's degree in accounting and finance from Boston College.

"I look forward to working with Randy and the entire management team as we continue to execute LoJack's growth strategy," Dumas said. "LoJack is a global brand with an outstanding reputation. It is particularly exciting to join the Company at this point in its history, as LoJack expands its technology innovation and leadership to the dynamic and fast-growing telematics market. I am delighted to have the opportunity to contribute to LoJack's success." 

About LoJack Corporation
LoJack Corporation, the company that has helped more than nine million people protect their vehicles in the event of theft over the past 25+ years, today provides safety, security and protection for an ever-growing range of valuable assets and people. Leveraging its core strengths, including its well-known brand, direct integration with law enforcement, dealer distribution network and its international licensees, LoJack Corporation is expanding into new areas across the continuum from theft deterrence to recovery and the burgeoning telematics segments for the "Connected Car." The Company is focusing on creating a new level of value for its dealer, customer and investor communities by delivering innovative offerings and multiple technologies in expanding geographies. For more information, visit www.lojack.com, www.autotheftblog.com, www.youtube.com/lojack, www.twitter.com/LoJackCorp or www.Facebook.com/LoJackCorp.

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SOURCE LoJack Corporation

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http://www.lojack.com

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