ACHRNEWS

Nov. 18, 2011: Echelon Appoints Ron Sege as New Chairman of the Board

November 18, 2011
SAN JOSE, Calif. — Echelon Corp. announced that Ron Sege has been elected chairman of the board in addition to his current role as president and chief executive officer. Sege follows M. Kenneth Oshman, who passed away in August 2011, as Echelon’s chairman. Robert J. Finocchio Jr. will continue to serve as the lead independent director, or presiding director, for Echelon’s board, acting as the principle liaison between Echelon’s independent directors and the CEO, as well as between Echelon’s independent directors and its shareholders; presiding over meetings of the independent directors; and leading reviews of the governance activities of the board.

“I am pleased that Ron will be taking on this additional role, particularly at this time of opportunity for growth in the marketplace for Echelon,” said Finocchio. “In the last year, he has proven to be an active and valuable contributor for effective governance, and his business expertise is a significant asset in advancing Echelon’s market leadership.” Sege joined Echelon as president and CEO in August 2010.

“Thank you to the Echelon board of directors for their confidence in allowing me to take on such a strategic role during this period for the company,” Sege said.

Echelon Corp. is creator of the LonWorks device networking platform for building, industrial, and home automation. For more information, visit www.echelon.com.

Publication date: 11/14/2011