LeapFrog's Katz also chairman
By Staff -- Playthings, 3/19/2009 6:29:00 AM
EMERYVILLE, Calif.—LeapFrog Enterprises has named Jeffrey G. Katz chairman of its board of directors.
Katz will continue in his roles as CEO and president. He replaces chairman Steven B. Fink, who is stepping down from the board after 10 years, including five as chairman.
"Steve oversaw the rapid growth of LeapFrog from its start up days, through its IPO; he directed the strengthening of its board and management team, and most recently the revitalization of the company's product portfolio," according to Katz.
"I love the company, but 10 years just seemed like a good time for a transition," said Fink.
Also resigning from the board is Ralph R. Smith, who has served on the board since 2005.
Replacing the two resigning board members are Philip B. Simon and Paul T. Marinelli.
Simon is president of Lawrence Investments, and has 16 years experience as a partner at accounting firm Howson & Simon.
Marinelli is vice president of Lawrence Investments and was previously corporate development group director at Cadence Design Systems, provider of electronic design automation technology.
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