Transcat Announces Management Team Changes
o John Hennessy appointed Vice President of Sales
o Lori Drescher promoted to Vice President of Business Process Improvement
and Training
Rochester, NY, February 26, 2008 - Transcat, Inc. (NASDAQ: TRNS), a leading global distributor of professional grade test, measurement and calibration instruments and accredited provider of calibration and repair services, today announced that John Hennessy recently joined the Company as its Vice President of Sales. Mr. Hennessy will be responsible for aligning sales objectives and performance with the overall company strategic goals. Mr. Hennessy most recently was Vice President of Sales and Marketing for Sunstar Americas where he led the in-house and field sales teams and sales operations through multiple years of double digit growth. His experience includes over 30 years of sales and marketing management with companies such as Bausch & Lomb and Johnson & Johnson (NYSE: JNJ). Mr. Hennessy graduated with a B.S. from Hobart College in Geneva, New York and an M.B.A. from Syracuse University.
Mr. Charles Hadeed, Chief Executive Officer of Transcat, commented, "We are focused on growing our calibration services business in order to gain the operating leverage inherent in that segment. We expect John's experience to help us excel in this arena. Throughout his career, his involvement has been key in the implementation of innovative business strategies to either reposition established companies in highly competitive businesses or develop sales and marketing structures for new business enterprises. John will spearhead our sales efforts as we focus on growing our top-line, specifically emphasizing growth of our calibration services segment."
The Company also announced the promotion of Lori Drescher to Vice President of Business Process Improvement and Training. In her new role, Ms. Drescher will focus on identifying opportunities to improve operational processes and productivity. Since October 2006, Ms. Drescher held the position of Senior Director of Inside Sales and Customer Service with responsibility for a team of 35 inside sales and customer service representatives. For seven years prior to joining Transcat, Ms. Drescher was the owner of a business and strategy consulting and organizational development firm, Great-Company. Ms. Drescher earned a B.S. in Business Administration from State University of New York College at Brockport.
Mr. Hadeed noted, "Lori has significantly contributed to the growth and development of our inside sales and customer service team over the last year, and we fully intend to capitalize on her strengths to drive process improvement and add value to all aspects of our operations."
ABOUT TRANSCAT
Transcat, Inc. is a leading global distributor of professional grade test, measurement and calibration instruments and accredited provider of calibration and repair services primarily for the process, life science and manufacturing industries. Transcat delivers precise, reliable, fast calibration services and repairs across the United States, Canada and Puerto Rico through its strategically located accredited laboratories. Transcat's eleven calibration laboratories are all ISO-9001:2000 certified and the scope of accreditation for ISO/IEC 17025 is the widest in the industry.
Transcat's growth strategy is to expand both its distribution products and calibration services in markets that value product breadth and availability and rely on accredited calibration services to maintain the integrity of their processes.
More information about Transcat can be found on its website at: www.transcat.com
