I.D. Systems CEO steps down; founder to act as interim CEO

|About: I.D. Systems, Inc. (IDSY)|By:, SA News Editor

I.D. Systems (IDSY -3.7%) chairman/CEO Jeffrey Jagid has resigned from both positions. He's expected to remain on the company's board for the current term.

Founder/president Kenneth S. Ehrman has been named interim CEO. I.D.'s board has begun a search for a permanent replacement.