Lantronix Appoints Jeremy Whitaker as Chief Financial Officer

Lantronix (NASDAQ: LTRX) today announced that it has appointed Jeremy Whitaker as Chief Financial Officer, effective immediately.

Whitaker returns to Lantronix after serving briefly as Vice President, Corporate Controller at Mindspeed Technologies (NASDAQ: MSPD), a leading supplier of semiconductor solutions for network infrastructure applications. Prior to Mindspeed, Whitaker served as Vice President of Finance and Accounting for Lantronix from August 2005 to January 2011, where he was responsible for managing all worldwide finance and accounting functions. Prior to Lantronix, Whitaker held vice president and director level finance and accounting positions with two publicly-traded companies, as well as having served as an Audit Manager during his six years at Ernst & Young LLP.

"Jeremy's familiarity with Lantronix and more than 10 years of dedicated senior financial leadership makes him the ideal individual for this position," said Kurt Busch, Lantronix President and CEO. "Jeremy's appointment marks an important step in ensuring that Lantronix has strong financial discipline in place and fulfills a key role in our continuing efforts to build a world-class executive team. With a permanent CFO installed, we can focus our efforts on creating a customer-centric, market driven product strategy and building a product development machine to drive growth and value for our shareholders."