The LGL Group, Inc. Names Mike Ferrantino as President, Effective April 1, 2021
March 24, 2021 at 10:30 am
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The LGL Group, Inc. announced that board member Mike Ferrantino has been named its President and Chief Executive Officer, effective April 1, 2021. Ferrantino has served on the Company’s board since 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.