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GSI Technologies announces new president

September 18, 2013

Dave Austin replaces the retiring Jack Kraemer as president and COO.

Jack Kraemer, president and chief operating officer for GSI Technologies, has announced his plan to retire from the company.

“We want to thank Jack for his leadership and contributions to GSI Technologies’ growth and success. He has led our organization through numerous changes and has helped to build strong capabilities for the future,” says Jeff Thrall, CEO of Thrall Enterprises, the Chicago-based holding company that GSI is part of. "Jack has been a superb leader and ambassador for GSI to all stakeholders, including the investors, employees, customers, suppliers and our technology partners in the industry. We wish him well in his future endeavors."

Dave Austin has been selected as the new president and chief operating officer, effective September 1, 2013.

Austin joined GSI in 2007 as VP of finance, controller. At GSI, he has been an integral part of the business strategy and has contributed significantly to the company's success, Thrall says, adding, "His intimate knowledge of our business will allow for a smooth transition into his new role. We congratulate Dave for his promotion to President and COO and look forward to a robust future under his leadership."

GSI Technologies, based in Burr Ridge, IL, USA, is a manufacturer of printed electronics and industrial graphic products. It was founded in 1985 as a label and nameplate brokerage by Suzanne and Bob Zaccone. Through the years, it has expanded into printing pressure sensitive labels and conductive printed products – medical electrodes, RFID, smart card displays and electroluminescent lamps.