Randy Klein will retire as president and chief exeuctive officer of Crestron Electronics this fall after 30 years at the company, the last eight in the top job.
He will be replaced by current Chairman and Chief Operating Officer Daniel Feldstein, Crestron said in a statement. Feldstein is the son of George Feldstein, who founded the Rockleigh-based company.
“George Feldstein knew my commitment to preserve Crestron’s core principles of being a technology innovator while remaining a family company when he named me CEO nearly eight years ago,” Klein said. “I have been a proud guardian of that vision and our growth to over a billion dollars. Dan Feldstein is the logical choice to take the reins.”
The younger Feldstein has worked at Crestron for more than 25 years. His background is in computer engineering and he spent the first decade of his Crestron career in R&D, helping to design several technologies Crestron still uses. Since then, he has worked in Operations with Klein and former Chief Technology Officer Fred Bargetzi.
“The potential for Crestron’s business today and in the future is incredible,” Daniel Feldstein said. “We have an amazing team with world class talent which will ensure Crestron’s continued technology leadership. I look forward to continuing to build our momentum long into the future.”
Crestron designs and manufactures enterprise technology for conference rooms and corporate facilities, UC controls and displays, campus systems, hardware devices for partners such as Microsoft and Zoom, and automated lighting, audio, video, and environment control for luxury homes and yachts. The company operates out of 90 offices serving nearly 100 countries.
“This was one of the most difficult decisions I have ever made,” Klein said. “The timing is right, Crestron is in a better place than it has ever been. We have emerged from the past 16 months stronger than ever, more united, and more resolved to take on the future and all the opportunity that it holds.”