LGL Group names new CFO

The LGL Group, Inc., a producer of industrial and commercial products and services, has promoted LaDuane Clifton to the position of CFO.

Mr Clifton previously served as the Company's Chief Accounting Officer since March 2010 and as LGL's Corporate Controller from August 2009 to March 2010.

The Company also announced the appointment of James Williams to serve as LGL's Corporate Controller and Principal Accounting Officer. Mr Williams brings senior-level finance experience gained from both large and small companies, including ABM Industries, Southeastern US Insurance, and Georgia-Pacific Corporation.

The Company's President and CEO, Greg Anderson, said "I am delighted to announce that LaDuane Clifton has been promoted to CFO. During his tenure, he has been an instrumental part of realigning our operations, significantly improving our balance sheet, bringing improved investor transparency and strengthening our finance function."

LGL's Chairman of the Board, Marc Gabelli, said "LaDuane's contributions have directly led to improvements in the Company's operating leverage, and combined with his personal effectiveness and energy, support the focus of the Board of Directors and Management on growing shareholder value by expanding the potential for organic growth and by positioning for strategic investments that extend the franchise and capitalize on the LGL platform."