Feldstein takes over from long-time Crestron veteran Randy Klein, who announced his retirement after spending more than three decades with Crestron, the last eight, as the company’s President and CEO. Interestingly, after the Covid-19 breakout in early 2020, Klein played a significant role in overseeing several smart office/smart home solutions inspired by the growing need for effective remote and hybrid working video conference capabilities. I wrote extensively about those solutions late last year in Forbes.
Feldstein is no stranger to Crestron as he has been with the company for 25 years, most recently as Chairman and COO. Feldstein also happens to be the son of Creston’s founder, George Feldstein.
Stating the obvious, a company’s selection of CEO and President is not a trivial matter. It sets the tone for the company’s management philosophy and strategic direction, as well as its focus and priorities. Many companies often turn to outsiders for a badly needed course correction or infuse the leadership function with energy and a sense of urgency.
Feldstein’s appointment appears to be nothing of the sort. In an extensive interview with Feldstein last week, the new CEO underscored his desire to preserve Crestron’s legacy recipe for success, which has made the company a strong, recognized brand in the smart automation space for the past 50 years.