AATC - Autoscope Technologies Corporation Announces Leadership Transition | Benzinga
MINNEAPOLIS, Dec. 13, 2023 (GLOBE NEWSWIRE) -- Autoscope Technologies Corporation ("Autoscope") (OTCQX:AATC) today announced that on December 1, 2023, Frank G. Hallowell, the Interim CEO, CFO and Corporate Secretary of AATC and President and COO of Image Sensing Systems Inc. ("ISNS"), notified the Board of Directors of Autoscope and ISNS that he was retiring from the organization, effective December 31, 2023.
Andrew Markese, who is the Senior Vice President of Global Sales, Marketing, and Product Management of ISNS, has been promoted to President and CEO of ISNS and will assume Mr. Hallowell's responsibilities as Interim CEO of AATC. Lori Schug, who is currently the Corporate Controller of AATC and ISNS, has been promoted to Chief Financial Officer and Corporate Secretary of AATC and ISNS. Mr. Hallowell will continue to assist in the transition of responsibilities over the coming months.
"Andy is a highly skilled and experienced leader who has served as Senior Vice President of ISNS. His deep understanding of the Company, market, and industry make him an excellent choice to guide the company," said Andrew T. Berger, the Executive Chairman of AATC.
"It has been my privilege to lead this organization for the past two years. I am proud of what we have accomplished as a team on behalf of our customers, employees, and shareholders to transform the business. The Company has now achieved financial stability and is well positioned for growth and diversification," said Frank Hallowell, Interim CEO, and CFO of AATC. "My thanks to the team and Board of Directors for the opportunity and support. I'm at a point in my life where I want to devote more time to my other passions outside the workplace," Mr. Hallowell said.
"On behalf of the Board, we thank Frank for his nearly five years of service and many accomplishments during his tenure as CEO. Under Frank's leadership, we were able to realize ...