IASG CEO and President Resign
ALBANY, N.Y. — 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 president of Integrated Alarm Services Group Inc. (IASG) have left the company, with longtime industry figure Charles May taking over as acting president and CEO. IASG Chairman and CEO Timothy McGinn left the company at the end of the month of May, while President and Vice Chairman Thomas Few Sr. resigned on May 1.
May had been the CEO of Delray Beach, Fla., monitoring firm Alarm Partners and is a 40-year veteran of the industry. 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.
Meanwhile, IASG has set aside consideration of an offer by Beltsville, Md.-based Alarm Security Group (ASG) LLC to combine the two companies, pending an ongoing strategic review by IASG.