Transcat (TRNS) has shared an announcement.
Michael West has been appointed as the Chief Operating Officer of Transcat, Inc., bringing extensive experience from his previous roles within the company and as a principal owner of a marketing firm. With a generous compensation package including a base salary of $350,000 and performance-based incentives, West’s leadership is poised to influence the company’s future. Concurrently, the previous COO, Mark Doheny, transitioned to a consultancy role following his termination, maintaining ties with the company through a structured separation agreement. These executive changes, aimed at bolstering the company’s operations, were publicly announced to keep shareholders informed.
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