Press release
Gary J. Haseley Appointed Chairman of the Board at Transcat, Inc.
Charles P. Hadeed will remain on the Board of Directors and Chair the Audit Committee ROCHESTER, N.Y.--(BUSINESS WIRE)-- Transcat, Inc. (Nasdaq: TRNS)
About this update from Transcat, Inc.
[{"type":"text","content":"\nCharles P. Hadeed will remain on the Board of Directors and Chair the Audit Committee\n\n ROCHESTER, N.Y.--(BUSINESS WIRE)--\nTranscat, Inc. (Nasdaq: TRNS) (“Transcat” or the “Company”), a leading provider of accredited calibration, repair, inspection and laboratory instrument services and value-added distributor of professional grade handheld test, measurement and control instrumentation, announced the appointment of Gary J. Haseley, 59, as Chairman of its Board of Directors following the Company’s Annual Meeting of Shareholders on September 9, 2020. Mr. Haseley, who joined as a director in 2015, succeeds Charles P. Hadeed, who plans to remain on the board as a director, member of the Executive Committee and chair of the Audit Committee.\n\n\nMr. Hadeed commented, “While it has been a privilege to serve as Transcat’s chairman for the last seven years, these changes are integral to our succession plan for the Board of Directors. Gary has demonstrated that his entrepreneurial perspective and extensive knowledge in the services and distribution markets are valuable contributions to our growth strategy. I have confidence in our future given the team’s demonstrated competence to consistently expand the business both organically and through acquisition. I also expect that our investments in infrastructure, technology and operational excellence over the last couple of years will foster further growth and profitability.”\n\n\n“I am honored to be appointed Chairman and thank the Board for their support and dedication,” said Mr. Haseley. “Transcat has built a formidable Service business focused on regulated industries driving recurring revenue streams which is also supported by a diversified, value-added Distribution business. I believe there is significant potential for continued growth and look forward to supporting management’s plans to scale Transcat to the next level.”\n\n\nMr. Haseley served as the senior vice president and general manager of Kaman Automation, Control & Energy, a division of Kaman Corporation, a manufacturer in the aerospace industry and the third largest distributor in the power transmission/motion control market, until his retirement in November 2016. Prior to joining Kaman, Mr. Haseley spent 17 years with Zeller Corporation, a distributor of electrical and automation components and solutions, which included se...