New ownership at Protection One has resulted in layoffs at the company’s North Lawrence corporate offices.
A spokeswoman for the electronic security business confirmed that eight employees were released last week. The reductions come after Chicago-based GTCR, a private equity firm, finalized a purchase of the company earlier this month.
“I wouldn’t call it that we’re having massive layoffs, but we are taking some steps to focus on growing the company,” said Jamie Haenggi, the new chief marketing officer for the company. “We are taking some corporate support staff resources and redeploying them into sales.”
Prior to the sale, the company had about 70 employees at its offices in the I-70 Business Center. The reductions largely came in the areas of finance, administration and marketing, Haenggi said.
Protection One plans to continue using its Lawrence offices as the company’s corporate headquarters for the foreseeable future, Haenggi said. But, much like under the previous ownership group, the company’s new CEO won’t be based out of the Lawrence office.
Tim Whall, a veteran of the electronic security industry, has been named to serve as the company’s new CEO. Whall previously was chief operating officer of SecurityLink, a one million customer security company that was sold to ADT for approximately $1 billion in 2001. Whall also served as CEO of HSM, a business security company that Stanley acquired for $545 million in 2007.
Other key additions to the company’s management team include:
• Bob Dale as senior vice president of commercial and residential sales. Dale has been with security company giant ADT since 1983. Most recently he was ADT’s senior vice president of commercial sales.
• Dan Bresingham as chief financial officer. Bresingham previously was the chief financial officer for Stanley Convergent Solutions, which operated security companies.
• Don Young as chief information officer. Young most recently was the chief information officer for Stanley Convergent Solutions.