Less than two months after being acquired by private equity firm Transom Capital Group, Pelco announced that CEO Jean-Marc Theolier is leaving the company effectively immediately.
As a part of the change, the company said that COO Brian McClain will assume the role of president and lead the company while the search for a new CEO is finalized.
"Jean-Marc served as a critical member of the Pelco team in the recent sale and resulting ownership transition. I want to thank him for his passion and service to Pelco and wish him the very best for the future,” McClain said in a statement. "Pelco commands a powerful brand in a growing industry and maintains a deep bench of amazingly talented employees. Transom Capital Group recognized these factors in its decision to purchase the company, and they will serve as our foundation in becoming the leading solution provider in the industry," McClain explained.
Additionally, the company also announced the promotion of existing employees Brooke Christopher to Head of Marketing Communications and Branding, and Stuart Rawling to Vice President of Marketing Strategy.
"We congratulate Brooke and Stuart on their new roles and look forward to their continued leadership in the company," McClain added.
