Lantronix announces ceo transition and continuity plan

Irvine, calif., may 30, 2023 (globe newswire) -- lantronix inc. (nasdaq: ltrx), a global provider of secure turnkey solutions for the industrial internet of things (iot) and the intelligent it market, today announced that paul pickle will be resigning from his role as president and chief executive officer and as a director of lantronix to pursue another opportunity as the chief executive officer of semtech corporation (nasdaq: smtc). mr. pickle's resignation will be effective as of a date yet to be determined, between june 8, 2023, and june 29, 2023. until the effective date of his resignation, mr. pickle will continue in his current officer and director roles while the company conducts a search for a new ceo. if a new ceo has not been appointed by mr. pickle's last day with the company, the company's chief financial officer, jeremy whitaker, will serve as interim chief executive officer of the company until the board of directors appoints a new permanent ceo. mr. whitaker also served as the company's interim ceo for brief periods during 2015 and 2019 and will continue to serve as cfo of the company, a position he has held since september 2011.
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