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Michael Ferrantino Named LGL Group Interim CEO; Marc Gabelli Comments

lgl-logoMichael Ferrantino, executive vice chairman of LGL Group’s (NYSE: LGL) board of directors, has been named interim CEO of the company.

Ferrantino will succeed Greg Anderson, who has left both president and CEO roles, LGL Group said Thursday.

“In the interim, Michael will immediately assume the role of interim CEO and the board will begin the search for a new CEO to lead the company, ” said Marc Gabelli, chairman of the board.

The 30-year veteran in high technologies has been executive vice chairman of LGL’s board and executive chairman of its MtronPTI subsidiary since he joined the parent company in October 2013.

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