Kenneth S. Ehrman, founder and president of I.D. Systems, Inc. (NASDAQ: IDSY), has been named interim chief executive officer of the company, effective March 2, 2014.
He succeeds Jeffrey M. Jagid, who has resigned from his employment with the company. Jagid is expected to continue his term as a director of the company but will no longer serve as chairman of the board of directors.
To identify additional candidates for the CEO position, I.D. Systems´ board of directors has engaged Lancor, a global executive search firm.
Ehrman has been president of I.D. Systems since he co-founded the company in 1993. He served as a director of the company from its inception to 2013 and is a graduate of Stanford University, with a bachelor of science degree in industrial engineering.
Headquartered in Woodcliff Lake, New Jersey, with subsidiaries in Texas, Germany, and the United Kingdom, I.D. Systems is a leading global provider of wireless M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets, including industrial vehicles, rental cars, trailers, containers, and cargo. For more information, visit www.id-systems.com.