AMITYVILLE, N.Y. — NAPCO Security Technologies, Inc., which manufactures of high-tech electronic security equipment, wireless communication services devices for intrusion and fire alarm systems, recently announced an executive leadership transition “intended to position the company for its next phase of growth and success.”
Chairman and chief executive officer Richard Soloway, a 2004 SSI Industry Hall of Famer, will serve as founder and executive chairman, and Kevin Buchel will transition from president and chief operating officer to chief executive officer and president.
Soloway founded NAPCO more than 55 years ago to create “one of the most successful and well-recognized security technology companies in the U.S.,” according to the company announcement.
As executive chairman, Soloway “will continue to provide leadership by focusing on strategic initiatives and long-term business plans, driving new product innovation, maintaining key security industry relationships and providing guidance and advice to management members on critical issues affecting the company,” the announcement says.
Soloway will also continue his position as chairman of board of birectors of NAPCO, according to the company announcement.
“It has been a tremendous privilege to serve as chief executive officer of NAPCO, and I am very proud and gratified by the many achievements and milestones since founding the Company,” says Soloway in the NAPCO announcement.
“In my new role as executive chairman, I am committed to bringing NAPCO to the next level of success,” the announcement says. “It is also with great confidence and pleasure that we turn the chief executive position over to Kevin, who has already demonstrated his leadership skills and business acumen since his appointment as NAPCO’s president and chief operating officer two years ago and I look forward to continuing to collaborate with Kevin in our new roles.”
Why Did NAPCO Name Kevin Buchel CEO and President?
As chief executive officer and president, Buchel “will take on additional management responsibilities in all aspects of NAPCO’s day-to-day operations, including implementation of business strategies, execution of marketing and sales plans, communication with customers, suppliers and investors and management of financial goals and objectives,” according to the company announcement.
Buchel has held various management positions at NAPCO for more than 25 years and his “intimate knowledge of and extensive experience with the company makes him well suited to take the helm as Chief Executive Officer of NAPCO,” the announcement says.
“I am very excited and honored for this opportunity to lead the NAPCO team as we embark on the next chapter of NAPCO’s success story,” according to the company announcement. “I look forward to executing our strategies, delivering innovative products and implementing our differentiated business model to drive revenue growth and sustained profitability.
“I greatly appreciate Dick’s guidance and support over the years and I am committed to continue working alongside him to lead our company to the next phase of accomplishments,” he says.
