Canton, MA – April 29, 2014 – LoJack Corporation
(NASDAQ: LOJN), a provider of vehicle theft recovery and advanced fleet management solutions, today announced the appointment of Joe Castelli as Vice President, Fleet and Commercial Operations. In this new role, Castelli will be focused on continuing to grow LoJack’s Commercial Equipment and Fleet Management business.
Castelli has 30 years of automotive, fleet and commercial sales experience with global companies, brands and markets, and was previously the Vice President, Commercial Vehicles & Fleet, for Nissan North America, Inc. During his successful stint with Nissan, Castelli established and led the company’s fleet business, consistently growing market share and profits.
“Joe will bring a tremendous amount of experience and wisdom to the LoJack executive team – specifically our emergent commercial equipment and fleet management business,” said LoJack CEO and President Randy Ortiz. “The addition of an executive leader of Joe’s caliber and record of success is further proof of LoJack’s dedication to delivering the best products and solutions for our rapidly expanding commercial and fleet customer base.”
Prior to joining the Nissan North America executive team, Castelli spent more than 23 years at Ford Motor Company. During his tenure at Ford he was responsible for expanding the company’s market share of Class 2-7 vehicles, which includes light, medium and heavy duty trucks, to 41 percent of the total commercial industry category. Working within the Ford dealer network and more than 200 outside partners, Castelli successfully drove the company’s entire commercial truck business. Castelli earned a bachelor's degree in finance and a master's in business administration from Creighton University in Omaha, Nebraska.
About LoJack Corporation
LoJack Corporation, the company that invented the stolen vehicle recovery market more than 25 years ago, is the global leader in finding and recovering a wide range of mobile assets including cars, construction equipment and motorcycles-having recovered nearly $4 billion USD in stolen assets worldwide. In today's rapidly changing world, LoJack's core competencies are more valuable and more relevant than ever as they are now being applied into new areas, such as the prevention, detection and recovery of stolen cargo and finding and rescuing people with cognitive conditions such as autism and Alzheimer's.
For more information, visit www.lojack.com