COMMUNICATIONS SYSTEMS, INC. NAMES ROGER H.D. LACEY CHIEF EXECUTIVE OFFICER
Minnetonka, MN – March 4, 2015 – Communications Systems, Inc. (NASDAQ: JCS) (“CSI” or the “Company”), a global provider of physical connectivity infrastructure and services for deployments of broadband networks, today announced that its Board of Directors has appointed Roger H.D. Lacey as the Company’s Chief Executive Officer, effective immediately. Mr. Lacey was appointed Interim Chief Executive Officer in June 2014 and has served as the Company’s Vice Chair since September 2013, a post he will continue to hold.
Curtis A. Sampson, Chairman of the Board, commented, “We are thrilled that Roger has accepted the role of CEO on a permanent basis, and we look forward to further, steady progress at CSI under his continued leadership. Since becoming Interim CEO in June 2014, Roger has continued to drive the reinvigoration of the Company’s entrepreneurial spirit, sharpened our focus on productivity, and maintained our emphasis on enhancing shareholder value. I believe Roger is the ideal choice to continue implementation of the renewal plan, which he helped craft.”
Mr. Lacey said, “Over the last several months I have worked closely with the leaders of our three individual business segments and have been impressed with their unyielding commitment to improve results and deliver quality products and services. While we still have work to do, I believe CSI is on the right track and am excited to continue guiding the strategy of this dynamic organization.”
About Communications Systems
Communications Systems, Inc. provides physical connectivity infrastructure and services for global deployments of broadband networks. Focusing on innovative, cost-effective solutions, CSI provides customers the ability to deliver, manage, and optimize their broadband network services and architecture. From the integration of fiber optics in any application and environment to efficient home voice and data deployments to optimization of data and application access, CSI provides tools for maximum utilization of the network from the edge to the user. With partners and customers in over 50 countries, CSI has built a reputation as a reliable global innovator focusing on quality and customer service.
Contacts: | ||
Communications Systems, Inc. | The Equity Group Inc. | |
Ed Freeman | Devin Sullivan | |
Chief Financial Office | Senior Vice President | |
952-996-1674 | 212-836-9608 | |
[email protected] | [email protected] | |
Roger H. D. Lacey | Kalle Ahl, CFA | |
Interim Chief Executive Officer | Senior Associate | |
952-996-1674 | 212-836-9614 | |
[email protected] | ||