Tagsys names Fanet as CEO

BURLINGTON, Mass.—Radio frequency identification technology maker Tagsys has appointed Alain Fanet, co-founder and former CEO of California system on chip maker Arteris Inc., to the post of CEO.

Fanet takes the chief executive reigns from William Stuek, the company’s chairman since 2007 and CEO since early 2008. Stuek will remain with the company as chairman of the board.

Fanet helped found Arteris and T.sqware Inc., a high-performance network processing firm also based in California that was purchased by Globespan Inc. in 2000 for $200 million in stock. Recently, Fanet has served as the president of the European Technology Tour Association, an industry body that helps up-and-coming technology companies expand internationally.

Tagsys, which makes RFID infrastructure products for item-level tracking in a variety of industries, claims 200 million tags in the field and 90,000 reader systems, across 500 customers.