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LoJack Names Finance Chief

Michael Umana will succeed Keith E. Farris.
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LoJack (LOJN) named Michael Umana chief financial officer, succeeding Keith E. Farris, who will retire March 15 after a smooth transition.

"Keith Farris has been a key member of the executive management team since joining LoJack in October of 2000. He has built and led a first class finance organization and successfully supported the growth of the company," said CEO Joseph F. Abely.

Umana served as chief financial officer of Saucony beginning in 1999 and became chief operating officer in 2001. In 2005 he became president of the international performance-oriented footwear and apparel company.

"Mike's strong background as a chief financial officer and his experience with worldwide sales, marketing, operations, finance and administration will be an important asset as LoJack expands its international operations and continues to increase its penetration of the new car market in the United States and to develop products for new market channels here and abroad," Abely said.

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LoJack rose 47 cents Tuesday to $24.36.