Image Sensing Systems (ISS) announced yesterday that Kenneth R. Aubrey’s employment as president and chief executive officer (CEO) of Image Sensing Systems has been terminated, effective immediately. The board has named Kris B. Tufto, a member of Image Sensing Systems’ board, as interim president and CEO. Tufto has served as a member of the board since September 2011. He will continue to serve on the board, but will step down from the three board committees because his role as interim president and CEO posi
"Our view is that Image Sensing Systems’ assets are strong and yet the company is underperforming against the opportunity,” said Jim Bracke, chairman of the board.
“The board’s decision to make a leadership change was made after ongoing consideration and a deliberative process that determined that Image Sensing Systems was not taking full advantage of the strength of its product offering given the market opportunity. The board has determined that the time is right for a leadership change and fresh perspective, and we are pleased to have Kris lead us during this interim period as we further position Image Sensing Systems to capitalise on future growth opportunities.”
The company also announced that it continues to augment its leadership team with the addition of Dale Parker as a board director, replacing Tufto on the three board committees. Parker has a deep leadership background, and currently serves as board chairman of
