Press release
Transcat Announces CEO Succession Plan
Lee D. Rudow to Retire as CEO and Director in March 2026 and Remain Strategic Advisor to the Company Until 2027 Reiterates Positive Outlook for FY2026
About this update from Transcat, Inc.
[{"type":"text","content":"\nLee D. Rudow to Retire as CEO and Director in March 2026 and Remain Strategic Advisor to the Company Until 2027\n\n\nReiterates Positive Outlook for FY2026\n\n\n ROCHESTER, N.Y.--(BUSINESS WIRE)--\nTranscat, Inc. (NASDAQ: TRNS) (“Transcat” or the “Company”), a leader in test measurement, control and calibration, today announced that Chief Executive Officer Lee D. Rudow has informed the Board of his plans to retire as CEO. To ensure a smooth leadership transition, Rudow will continue to serve in his current role until March 2026 and following the appointment of a new CEO, Rudow will transition to an advisory role to provide guidance and continuity for the Company.\n\n\nThe Board has formed a Search Committee to identify and evaluate internal and external candidates for Transcat’s next CEO, and the search is already underway.\n\n\n“On behalf of everyone at Transcat, I want to extend our deep gratitude to Lee for his invaluable contributions throughout 14 years of service to the Company, including more than a decade as CEO,” said Chairman of the Board Gary Haseley. “Thanks to his exceptional leadership and unwavering determination, Lee and his team have delivered unprecedented growth and transformative acquisitions during his tenure that we believe position us for a very bright future. Lee also selected and mentored our outstanding management team, and I have the utmost confidence they will continue driving our strategy to take the Company to the next level.”\n\n\nLee D. Rudow, CEO of Transcat, commented, “It has been a great honor for me to have the opportunity to lead Transcat and be a part of building an incredible organization that is the leading force in test measurement, control and calibration across North America. I am immensely proud of what we have accomplished together, and the time is right for me to pass the baton after 40 years in the calibration industry. Transcat has great opportunities ahead as evidenced by our recent strong financial performance, expanded balance sheet and track-record of executing transformative acquisitions. I am certain that this is the strongest team we have ever assembled, at all levels of the organization, and I know they will leverage our amazing past and blaze the trail to an even better future. I look forward to working with the Board and management team to ensure a smooth transition.”\...