Image Sensing Systems Announces Kris Tufto as President and CEO
“During my time at Image Sensing Systems, I have found that the company has strong assets including a market-leading product offering, a state-of-the-art technology platform and a talented team of employees,” said Kris Tufto.
Contacts:
INVESTORS:
Dan Skites, VP of Sales and Marketing
Image Sensing Systems, Inc., Phone: 651.603.7700
MEDIA
Al Galgano
Padilla Speer Beardsley, Phone: 612.455.1720
Saint Paul, Minn., October 31, 2012 – Image Sensing Systems, Inc. (NASDAQ: ISNS), announced today that the board has appointed Kris Tufto as president and chief executive officer (CEO), effective immediately. Tufto previously served as interim president and CEO, and has been a member of the board since September 2011. He will continue in his role as board director.
“Kris’ depth of experience in software, technology and product marketing positions him as the clear choice to lead this company and best capitalize on future growth opportunities,” said Jim Bracke, chairman of the board. “The board is confident that Kris can return the company to historical profitability levels and, in the long term, maximize shareholder value. We are pleased to have his fresh leadership perspective and breadth of experience.”
Tufto has significant leadership experience in technology companies. He has been a member of the board of Sajan, Inc., a publicly-held company, since February 2010. From 2010 to 2012, Tufto was chief revenue officer at Code42, a software solutions and data protection company. Previously, he was chief executive officer at MarketingBridge, a global channel marketing company, and a consultant at W3i, a provider of application and mobile marketing solutions. Tufto has also served in leadership positions for various technology companies.
“During my time at Image Sensing Systems, I have found that the company has strong assets including a market-leading product offering, a state-of-the-art technology platform and a talented team of employees. Yet, I believe that certain of our assets continue to underperform their potential. I’m looking forward to leading Image Sensing Systems in taking advantage of the opportunities that lie ahead,” said Tufto.