Transcat Inc. Announces Executive Leadership Changes
April 09 2024 - 10:14AM
Business Wire
Mark Doheny to step down as Chief Operating
Officer
Current Senior Vice President of Operations
Mike West will oversee the Company's Operations as new Chief
Operating Officer Effective Immediately
Transcat Inc. (NASDAQ:TRNS) (the “Company” or “Transcat”), a
leading provider of accredited calibration services, cost control
and optimization services, and value-added rental/distribution of
professional grade handheld test, measurement, and control
instrumentation, today announced that Mark Doheny will step down as
Chief Operating Officer of Transcat effective immediately. Mr.
Doheny will be retained as a consultant to assist with a transition
through October 2024.
We are excited to announce the promotion and appointment of Mike
West, current Senior Vice President of Operations, to replace Mr.
Doheny.
"As we enter the next chapter of Transcat’s growth, I believe it
is the right time to transition operations leadership," said Lee
Rudow, CEO and President. "Having been a key executive at Transcat
for the last 10 years, Mike has a deep understanding of the
Company’s history, current state, and plans for the future; our
talented teams; and our strong position in the markets we serve.
Mike has been instrumental in executing our Service productivity
enhancement initiatives that supported growth and drove significant
margin gains. He has a demonstrated track record of strategic
thinking and execution within our growing organization and has been
at the center of our continuously increasing profitability. He has
played a significant role integrating our acquired businesses and
leading our rapidly growing pipette and rental businesses. I am
confident Mike will do a tremendous job leading the Company’s
operational functions.”
“Transcat has demonstrated the ability to consistently grow
sales and margins over a very long period of time. Now more than
ever we are very well positioned to continue to deliver strong
performance, both organically and through acquisition. We expect to
continue to expand our addressable markets by leveraging the
operational expertise we have developed during our long stretch of
consistent and reliable growth,” said Mr. Rudow. "I look forward to
Mike’s leadership as our Chief Operating Officer as we continue to
enhance our strong competitive advantages within the markets we
serve. I am incredibly confident in the Company's ability to
continue to deliver improved results and sustainable organic and
acquired growth for our shareholders.
Rudow concluded, "On behalf of the entire Company, I'd like to
thank Mark for his four years of service to Transcat. During his
tenure as CFO and COO, Mark played an important role in
repositioning our Company's strategies and building our executive
team. We appreciate Mark’s continued support to help ensure a
smooth transition and wish him well in his future endeavors."
About Transcat
Transcat, Inc. is a leading provider of accredited calibration,
reliability, maintenance optimization, quality and compliance,
validation, computerized maintenance management system, and pipette
services. The Company is focused on providing best-in-class
services and products to highly regulated industries, particularly
the Life Science industry, which includes pharmaceutical,
biotechnology, medical device, and other FDA-regulated businesses,
as well as aerospace and defense, and energy and utilities.
Transcat provides periodic on-site services, mobile calibration
services, pickup and delivery, in-house services at its 27
Calibration Service Centers strategically located across the United
States, Puerto Rico, Canada, and Ireland. In addition, Transcat
operates calibration labs in 21 imbedded customer-site locations.
The breadth and depth of measurement parameters addressed by
Transcat’s ISO/IEC 17025 scopes of accreditation are believed to be
the best in the industry.
Transcat also operates as a leading value-added distributor that
markets, sells, and rents new and used national and proprietary
brand instruments to customers primarily in North America. The
Company believes its combined Service and Distribution segment
offerings, experience, technical expertise, and integrity create a
unique and compelling value proposition for its customers.
Transcat’s strategy is to leverage its strong brand and unique
value proposition that includes its comprehensive instrument
service capabilities, cost, control and optimization services, and
leading distribution platform to drive organic sales growth. The
Company will also look to expand its addressable calibration market
through acquisitions and capability investments to further realize
the inherent leverage of its business model. More information about
Transcat can be found at transcat.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240409956793/en/
Linda Reynolds Executive Assistant 35 Vantage Point Drive
Rochester, NY 14624 Phone: 585.866.1969 Email:
linda.reynolds@transcat.com
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