7 Reasons to vote if you haven't yet Rich Geruson has all th epre-requisites we need and sad that 7 mos. on he hasn't been papered off indeed. Looks like indeed this vote covers him off and way way more.
Here are 7 reasons you should put NexOptic Technology Corp (TSXV:NXO) on your watchlist today.
- It’s Chairman is turnaround specialist Rich Geruson, former CEO of Lexmark (a company with 10,000 employees and worth billions).
- Its Management team includes the former Chief Technologist of NASA of 12 years.
- Its market capitalization is below $50 million and that could change quickly.
- Forbes has already initiated coverage of their technology.
- It’s multi-award winning first consumer product, a super hi-res outdoor video/camera, DoubleTake(tm), has commenced production and will be available globally for mass market consumption later this year, including a line of cool accessories consumers will love.
- Their amazing image stabilization/enhancement A.I. technology (named ALLIS, Advanced Low-Light Imaging Solution) could bring billions in revenue to the company, with virtually endless applications in dozens of major verticals such as smartphones, healthcare, security and automotive imaging systems.
- Industry comparables include: Nikon ($540 Billion), Canon ($29 Billion), FitBit ($1.6 Billion), GoPro ($630 million)
Have you looked at his indepth background? I like reading about rich Geruson from different places.......RICH GERUSON – way more thorough overview on Rich Geruson than in the NXO NR if you compare reading below and the link to the actual NR https://nexoptic.com/…/nexoptic-appoints-rich-geruson-form…/
A collective group of shareholders cobbled together a thorough overview of Mr.Geruson's career. Dawg, Red Matter. IamA whale and more asked me to post this below. More likely we get above with rich firmly entrenched.
Mr. Geruson's expertise / skill set is exactly what we need at NXO which has been missing until now. Exactly what the doctor ordered. Read below and tell me what you all think. GLTA tIf anyone digs up more background pls share for the beenfit of all of us. .
"Mr. Richard J. Geruson, recently served as President, Chief Executive Officer and Director of Lexmark International, Inc. where he led Lexmark to its best revenue growth in over a decade while moving the company from negative EBITA to profitability. Geruson also expanded partnerships with major OEMs and channel partners.
As CEO of Lexmark Geruson refreshed 92% of its product line resulting in the biggest product launch in its history. He achieved Lexmark’s greatest hardware volume growth in over a decade, increasing market share while overseeing the largest reduction in channel supplies inventory with the complete elimination of all excess inventory payments thereby stabilizing the business.
He successfully revived the organization through restructuring, globalizing services, and re-engineering systems and processes (including reducing cycle time by 49%, reducing SKUs 51%, reducing parts 24%, and eliminating overdesign).
He fixed unhealthy debt ($1.75 billion) and cash position reducing debt/EBITDA ratio to below 6 and exceeded both revenue and EBITDA targets month after month and in every quarter.
The EBITDA target was overachieved by 2X during his tenure, resulting in a positive EBITDA in the hundreds of millions of dollars versus negative profitability in the 12 months preceding his appointment.
Geruson also expanded partnerships landing new major OEMs and channel partners, increased installed base productivity through sales incentives, pricing integrity, and print-intensive vertical and horizontal software solutions. Prior to Lexmark, Mr. Geruson held a number of senior positions with leading technology companies.
Mr. Geruson was CEO of Phoenix Technologies, where he engineered the business for efficiency, profitability, and growth, monetized non-essential IP, and conducted M&A resulting in EBITDA consistently exceeding 20% for 6 years straight. This enabled Phoenix to re-emerge as the leader in firmware and optimization software for PCs, tablets and embedded IoT devices. It was bought out by HP which led to his arrival at Lexmark.
Before Phoenix, Rich was CEO of VoiceSignal, the pioneer of voice recognition software for mobile phones. He built it into the world leader and increased shareholder value over 10-fold, culminating in the sale of the company for a third of a billion dollars, or 12 times revenue.
Prior to VoiceSignal, he was SVP at Nokia Americas. He grew the business almost tenfold to $6.5 billion, tripling its market share. As a result, Nokia attained the #1 share position in the U.S. and, for the first time in its history, the #1 share position in the world.
Before Nokia, Rich was VP at IBM’s Networking Business. As one of the youngest VPs in the company's history, he transformed IBM’s distribution by launching indirect channels worldwide.
Prior to IBM, he was VP at Toshiba Americas’ mobile computing business, where he propelled it from 5th place to the #1 share position. He held executive positions at other companies including McKinsey & Co. Rich has served on numerous boards across three continents.
Did you Know that:
Rich Geruson holds degrees from Oxford University including a Ph.D. in Economics. While a member of the research faculty at Harvard Business School, he completed the book, A Theory of Market Strategy.