LoJack Announces Election of Phil Horlock to Board of Directors
President and CEO of Blue Bird Corporation Joins as Company's Eighth
CANTON, Mass., June 18, 2013
CANTON, Mass., June 18, 2013 /PRNewswire/ --LoJack Corporation (NASDAQ:
LOJN), a leading provider of vehicle theft recovery and advanced fleet
management solutions, today announced that transportation industry executive
Phil Horlock has been elected to its Board of Directors, effective
immediately. Horlock, the Board's ninth member and eighth independent
director, will serve until the next annual meeting of shareholders.
Horlock, 57, is President and Chief Executive Officer of Blue Bird
Corporation. Blue Bird, owned by Cerberus Capital Management, LP, is an
international leader in school bus and transit bus design, manufacture and
distribution, with more than 1,500 employees, manufacturing facilities in
Georgia and Ontario and an extensive dealer network throughout North America.
He joined Blue Bird in January of 2010 as Chief Financial Officer and was
appointed to President and Chief Executive Officer in April of 2011. During
his tenure, Horlock has overseen the company's restructuring activities while
simultaneously launching industry-leading new products and increasing market
Prior to joining Blue Bird, Horlock spent more than 30 years at Ford Motor
Company, where he held positions of increasing responsibility in worldwide
Finance and Operations. His executive roles at Ford included Chairman and
Chief Executive Officer, Ford Motor Land Development Corp.; Chief Financial
Officer, Ford Asia Pacific & Africa; Member of the Advisory Board of Mazda
Motor Corporation of Japan; Executive Vice President, Ford Global Insurance
Operations; and Controller, Global Marketing,Sales & Service.
"Phil's transportation industry background, global market insights, financial
acumen and strategic expertise make him an ideal choice to help guide LoJack's
further development as a global brand, providing safety, security and
protection products for the automotive aftermarket," said Chairman Rory Cowan.
Commenting on his appointment, Horlock said, "LoJack is widely regarded as the
global leader in vehicle-theft recovery and has a strong, growth-focused team
led by its President and CEO, Randy Ortiz.I am delighted to be joining such
an experienced Board of Directors and look forward to helping LoJack develop
and grow its business."
Horlock received a bachelor's degree in psychology and mathematics from the
University of Sheffield in England where he graduated with honors. In
addition, he is a graduate of the Ford Motor Company's Capstone Program for
executive leadership development.
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. LoJack is expanding into new areas such as telematics, by
leveraging its core strengths of its well-known brand, direct integration with
law enforcement, U.S. dealer distribution and global licensee network. 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.
Donald R. Peck
Sharon Merrill Associates
SOURCE LoJack Corporation
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