News: Optoelectronics
27 October 2023
Excelitas appoints new CEO and CFO
Excelitas Technologies Corp of Waltham, MA, USA (which provides customized photonic solutions to OEMs) has appointed Ron Keating as its new chief executive officer and Ben Stas as chief financial officer.
Keating and Stas succeed former CEO David Nislick and former CFO Jim Rao, who have announced their retirements.
“Nearly 20 years ago, I joined Excelitas, the past 13 of which I had the privilege of serving as its CEO,” said David Nislick. “Jim and I are both committed to ensuring a smooth transition and have committed time to support new leadership,” adds Nislick, who will remain on the board as an independent director.
“Over the last 13 years, David and Jim have built Excelitas into a leading industrial technology company,” comments Vinay Kumar, board member and partner of AEA Investors. “We have known Ron Keating and Ben Stas for over a decade and believe they can accelerate the success of Excelitas as it enters a new phase.”
For the last nine years, Keating has been president & CEO of Evoqua Water Technologies, which he took public in 2017. In the last year, he successfully led the sale of Evoqua to Xylem.
Stas served alongside Keating at Evoqua as executive VP, chief financial officer and treasurer. The two also worked closely together at Kennametal, where they served in leadership positions before moving to Evoqua.
