IRVINE, Calif. -- Lantronix, Inc.
(Nasdaq:LTRX), a leader in device networking and data center management technologies, today announced the resignation of President and Chief Executive Officer Marc Nussbaum effective September 24, 2007. The Board has formed a search committee to find a new permanent CEO. In the meantime, the Board has appointed Chief Financial Officer Reagan Y.
Sakai to assume the role of interim Chief Executive Officer while the search is conducted.
HK Desai, Chairman of the Board of Lantronix, stated, "Under Marc's leadership since 2002, we have made great progress in turning around Lantronix and positioning our business for strategic growth. We appreciate Marc's commitment and many contributions, and we wish him the best in his future endeavors."