“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,” Soloway said. “In my new role as executive chairman, I am committed to bringing NAPCO to the next level of success. 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”

As president and CEO, 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. 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 CEO of NAPCO.

“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,” Buchel said. “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.”