GenNx360 Holding, and GVI Security Solutions, a provider of video security surveillance solutions featuring the complete range of Samsung products, welcomed Lloyd Trotter, Ken Boyda, Rena Clark and David Schuldt to the board of directors of GenNx360 GVI Holding. Trotter was appointed Chairman, while Boyda, Clark and Schuldt joined Steven Walin, CEO, and Joseph Restivo, COO/CFO, on the board.
"We are very pleased to welcome Lloyd, Ken, Rena, and David to the board," Walin said. "The wealth of experience they bring to the table in building and running highly successful businesses through acquisitions and organic growth will provide invaluable guidance as we move forward to expand our presence in the security industry."
"Video security surveillance is increasingly becoming the nexus of modern security systems, providing a core structure around which a host of security technologies including access control and other complementary technologies can be grouped to create a fully integrated security solution. As we move forward to build a fully integrated security business, our new board members' knowledge and experience will help us focus on the most promising acquisitions and growth opportunities," Walin said.
Trotter became Managing Partner of GenNx360 Capital Partners after a nearly 40-year career with General Electric capped by his being appointed a Vice Chairman of the company in August 2006.
As a Vice Chairman of GE and President and CEO of GE Industrial, Trotter was responsible for a US$28 billion business with nearly 80,000 employees worldwide. GE Industrial, comprised of GE Consumer & Industrial and GE Enterprise Solutions, provides a broad range of products and services throughout the world.
Prior to this role, Trotter was Executive VP of Operations where he led efforts to improve operational excellence across GE's businesses. From 2004 to 2006 he served as president and CEO of GE Consumer & Industrial, a role he assumed following the 2004 merger of GE's Consumer Products, Industrial Systems, and Supply businesses.
Most recently, Boyda held the position of President and CEO of GE Security, a $2 billion global business focused on communication and information technologies for security, safety and lifestyle enhancements. GE Security was initially formed through General Electric's acquisition in 2002 of Interlogix, where Boyda served as President, CEO, and Director.
While at Interlogix and predecessor company SLC Technologies, Boyda defined and led the formation of GE Security business by engineering the merger and acquisition of more than 40 companies over a period of 15 years.
Clark is a Partner at GenNx360 Capital Partners and joined the firm in 2007. She brings more than 20 years of GM and entrepreneurial experience to GenNx360 GVI Holding.
Prior to joining to GenNx, Rena led a distressed middle market manufacturing company's turnaround as CEO and President; the firm was eventually divested to a strategic acquirer. In addition, she was responsible for creating a profitable stand-alone operating company carved out from a large international corporation in the specialty chemicals industry partnering with a private equity sponsor.
Schuldt has served as a Member of the Board of Directors and Management Advisor to Deister Electronics, Germany, a supplier of advanced RFID and security products. Over the past five years, he has also acted as an Advisor to several Venture Capital firms as they pursued investments in the security and personal identification markets.
Previously, Schuldt was the Senior VP of SLC Technologies, a company focused on providing sophisticated electronic security solutions to a worldwide market through its eight operating companies. Schuldt joined SLC as a result of their purchase of Casi-Rusco. SLC was subsequently acquired by General Electric in 2002.