The LGL Group, Inc. Appoints James W. Tivy as Interim Chief Financial Officer to Replace Patti A. Smith
February 06, 2018 at 04:33 pm
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On January 31, 2018, the Board of Directors of The LGL Group, Inc. appointed James W. Tivy, to serve as the company's interim chief financial officer. In such capacity, Mr. Tivy will serve as the principal financial officer of the Company. Prior to joining the company, Mr. Tivy, age 50 held various positions of responsibility within INTL FCStone Inc., formerly as their group controller, and most recently as senior vice president, finance for their Broker-Dealer subsidiary, INTL FCStone Financial Inc. Prior to joining the Company, he was a CFO consultant for CFO Strategic Partners, located in Orlando, Florida. Mr. Tivy replaces Patti A. Smith as the company's principal financial officer. Ms. Smith resigned as the principal financial officer of the company effective as of November 6, 2017.
The LGL Group, Inc. is a holding company engaged in services, merchant investment and manufacturing business activities. The Company, through its subsidiary, Precise Time and Frequency, LLC (PTF), produces industrial electronic instruments and commercial products and services. PTF operates from its design and manufacturing facility in Wakefield, Massachusetts. It operates through two segments: Electronic Instruments and Merchant Investment. The Electronic Instruments segment operates through PTF, which is engaged in the design of frequency and time reference standards that form the basis for timing and synchronization in various applications, including satellite communication, time transfer systems, network synchronization, electricity distribution and metrology. The Merchant Investment segment consists of various investment vehicles in which the Company has a shareholder, partner, or general partner interest, and through which LGL Group invests its capital.
THE LGL GROUP, INC. 
