The parent company of alarm monitoring firm Criticom Int’l is shaking up its management as it continues to try to boost its profit margin. The CEO and the president of Integrated Alarm Services Group Inc. (IASG) will leave the company by the end of May, with longtime industry figure Charles May taking over as acting president and CEO.
The Albany Times-Union reports IASG Chairman and CEO Timothy McGinn will leave the company by the end of may, while President and Vice Chairman Thomas Few Sr. will depart by May 1.
May—who has been the CEO of Delray Beach, Fla., monitoring firm Alarm Partners and is a 40-year veteran of the industry—will take up the president and CEO positions on June 1. In addition, IASG’s board of directors has tapped longtime industry leader and former National Burglar and Fire Alarm Association (NBFAA) President John Mabry as nonexecutive chairman with the task of restructuring corporate management.
Under pressure from some of its investors to sell the company, IASG announced last November that it would review its strategic operations and consider divesting some of its properties.
