TransAct Technologies Inc. announced that its board of directors has appointed John M. Dillon, a member of the board, as interim chief executive officer, effective immediately. Dillon succeeds Bart C. Shuldman, who resigned as CEO and as a director of the company.
Dillon has been a board member since 2011, and is an experienced executive, having previously served as the CEO of several companies. He is chairman of Aerospike, Inc. and previously served as CEO of Aerospike, Engine Yard, Inc. Navis, Inc. and salesforce.com, and president & CEO of Hyperion Solutions. He began his career as a systems engineer for Electronic Data Systems, and then moved into a variety of sales management positions for various high-tech companies.
Shuldman has served as TransAct’s CEO since 1996. His leadership helped the company successfully emerge from the challenges presented by the Covid-19 pandemic, and he has been integral in developing the company’s strategic direction.
“On behalf of the board, we want to thank Bart for his nearly three decades of dedication and service to TransAct and our valued customers,” said Board Chairwoman Haydee Olinger. “We are fortunate to have in John a highly experienced former chief executive who has been intimately involved in the development of our strategic plan as a director to step in as interim CEO and lead our implementation efforts. He is very familiar with our culture and our operations, having served on our board for more than a decade.”
“I am eager to take a more active leadership role in the business as we look to grow revenue and execute on our strategic plan,” said Dillon.
“After 27 years of serving as TransAct’s CEO, it feels like the right time to step away and spend more time with my family,” said Shuldman. “The company is in a position of strength, and I have no doubt that John will help lead TransAct into its next stage of growth.”