Segway Names New President and CEO

James D. Norrod comes to Segway LLC with more than 25 years of experience in technology and start-up environments.

Published: 25-Mar-2005

Segway LLC, maker of the Segway(R)Human Transporter (HT), today announced the appointment of James D. Norrod as President and Chief Executive Officer.  Effective immediately, Norrod will manage company-wide operations and serve on the Segway LLC board of directors.     "Jim has an excellent background in building technology companies and developing new markets, making him an ideal choice to lead Segway LLC," said Dean Kamen, Segway LLC founder and chairman.  "His expertise in other cutting edge technology sectors will bring a fresh new perspective to Segway LLC."

"I've admired the technology in the Segway HT since the day it was introduced.  I'm elated to be joining a company with such exciting potential. With the dynamic new product line-up just introduced and the company's expanding domestic and international distribution network, we are primed for success," said Norrod.  "Segway LLC has an experienced management team and we are looking forward to working with our distribution partners and suppliers to leverage our core technologies into new markets and new product categories."

Norrod comes to Segway LLC with more than 25 years of experience in technology and start-up environments.  Most recently, he was chairman, president and CEO of Narad Networks, a provider of business broadband solutions. In 2000, Norrod founded Xanoptix, Inc. and served as chairman until 2003.  Prior to founding Xanoptix, he served as President and CEO of Telebit Corporation and subsequently as CEO of ITK International.

Norrod has also run several start-up technology companies and has demonstrated a consistent ability to develop business opportunities that have resulted in increased shareholder value.  He is a former executive of IBM Corporation, where he managed the General Motors account.  He holds a bachelor's of science in economics from Oakland University, and a master's in business administration from the University of Detroit.

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