LoJack Corporation ( LOJN) has formed a Corporate Development Department to proactively explore, prioritize and execute new business opportunities. As part of this initiative, the company has appointed Douglas F. Flood, a seasoned executive in strategic business expansion, to the position of Vice President of the new department. Flood will leverage his extensive expertise in growing businesses through new market expansion, strategic alliances, and licensing and merger/acquisition efforts. He will report directly to Randy Ortiz, LoJack’s President and CEO, a recognized auto industry veteran who joined the company from Ford Motor Company in November 2011.
In commenting on this appointment, Ortiz said, “The focus of LoJack’s management team has been to increase our presence in the global stolen vehicle recovery market. In addition, we are broadening our mission to capitalize on the significant strength we have in the LoJack brand to expand our business in the areas of safety, security and protection, producing products and services that customers want and value. To that end, I’m excited to have Doug in this new position. He has a stellar track record in helping growth-focused companies increase their market share through strategic initiatives, including global market expansion, acquisitions, alliances, partnerships and licensing deals. With Doug concentrating on these areas, we plan to accelerate our efforts to identify and select the right growth opportunities that will fulfill LoJack’s global strategy.”
Flood joined LoJack in May 2011 as Senior Counsel. He has held a variety of management positions at growth-focused organizations across a range of industries, leveraging his business development and legal background. He most recently served as Managing Partner at Technology Growth Partners where he served as business advisor, legal consultant, and transactional team member to technology companies in different phases of their lifecycle. Prior to that, Flood spent 11 years at Mercury Computer Systems, where as Vice President of Corporate Development, he was responsible for identifying and developing new business and market opportunities, including strategic partnerships, mergers and acquisitions, divestitures and technology licensing. Flood was also a Senior Vice President, Business Development and General Counsel at FTP Software.
Flood earned a bachelor’s degree in mathematics from Purdue University, a master’s in mathematics from State University of New York at Stony Brook, and his Juris Doctor degree from Boston University School of Law.
Press Release from PR Newswire (Headline altered)