WESTWOOD, Mass., -- LoJack Corporation , the leading provider of tracking and recovery systems for stolen mobile assets, announced today that Michael Umana has resigned as Chief Financial Officer effective September 30, 2008 to pursue other opportunities. Mr. Umana will remain Chief Financial Officer through the end of September and will manage the transition process along with Ronald V. Waters, President and Chief Operating Officer and Richard T. Riley, Chairman and Chief Executive Officer.
Richard T. Riley said "Mike has been an integral part of LoJack's senior management team since joining the company in 2006. He has been instrumental in strengthening our financial controls and developing state of the art financial management and reporting systems, while contributing his strategic insight to our efforts to diversify the LoJack business."
"LoJack is a great company with a well known brand and much promise. My decision to leave was not an easy one and I am fully committed to ensuring a smooth transition takes place over the next several months," said Mr. Umana.
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