Track Group, Inc. Announces Management Appointments
February 08, 2018 at 05:06 pm
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Effective February 7, 2018, Track Group, Inc.'s Board of Directors appointed Karim Sehnaoui to serve as a director on the Board until the next annual meeting of stockholders or until his successor is elected and qualified. Mr. Sehnaoui, age 39, is an entrepreneur and investment professional, who specializes in private equity, venture capital, and corporate finance. Currently, he serves as General Manager of the Reference Group SARL, which position he has held since October 2017, and as a Director of ETS Limited. In addition, Mr. Sehnaoui is the founder and current Managing Director of Elham Management and Investment Group, an investment firm founded in 2011 that is dedicated to sustainable strategic investing, and the founder and current board member of Comptoirs de Beyrouth. Mr. Sehnaoui currently sits as an interim member on the Supervisory Board of Fyber N.V. The new CEO, Derek Cassell, appointed January 1, 2018, has realigned the management team to execute the company's strategy including the appointment of an industry veteran, Matt Swando, as the new Vice President of Sales and Marketing.
Track Group, Inc. designs, manufactures, and markets location tracking devices. The Company develops and sells a range of related software, services, accessories, networking solutions, and monitoring applications. Its products and services include a full-range of one-piece global positioning system (GPS) tracking devices; a device-agnostic operating system, and a portfolio of software applications, including smartphone, alcohol and predictive analytics, and a variety of accessory, service and support offerings. Its products and services are sold through its direct sales force, as well as through value-added resellers. It sells to government customers on the federal, state and local levels in the United States and to members of the Ministry of Justice internationally. The Company's device-agnostic platform and portfolio of integrated and complimentary monitoring-related services help reduce risk and make the administration of justice faster and less expensive for taxpayers.