The LGL Group, Inc. Announces Michael J. Ferrantino Not Standing for Re-Election and Retire from Chief Executive Office Position, Effective December 31, 2019
September 30, 2019 at 01:21 pm EDT
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The LGL Group, Inc. announced that Mr. Michael J. Ferrantino is not standing for reelection to the board, due to his expected retirement as the company's Chief Executive Officer effective December 31, 2019.
The LGL Group, Inc. is a holding company engaged in services, merchant investment and manufacturing business activities. The Company, through its subsidiary, Precise Time and Frequency, LLC (PTF), produces industrial electronic instruments and commercial products and services. PTF operates from its design and manufacturing facility in Wakefield, Massachusetts. It operates through two segments: Electronic Instruments and Merchant Investment. The Electronic Instruments segment operates through PTF, which is engaged in the design of frequency and time reference standards that form the basis for timing and synchronization in various applications, including satellite communication, time transfer systems, network synchronization, electricity distribution and metrology. The Merchant Investment segment consists of various investment vehicles in which the Company has a shareholder, partner, or general partner interest, and through which LGL Group invests its capital.
The LGL Group, Inc. Announces Michael J. Ferrantino Not Standing for Re-Election and Retire from Chief Executive Office Position, Effective December 31, 2019