Pelco – a specialist in the design, development and manufacture of predictive video security solutions including cameras, recording and management systems, software and services – has announced that CEO Jean-Marc Theolier will be leaving the organisation effective immediately. As part of this change, COO Brian McClain will take the role of president, leading the recently independent company while the search for a new CEO is finalised.
Pelco was acquired by the Transom Capital Group in May. Transom is an operations-focused private equity firm in the middle market with more than $500 million in assets currently under management. The firm’s functional pattern recognition, access to capital and proven ARMOR Value Creation Process combines with management’s industry expertise to create improved operational efficiency, significant top-line growth, cultural transformation and overall distinctive outcomes.
The organisation is headquartered in Los Angeles, California.
Speaking about the management changes, McClain stated: “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 all the very best for the future.”
Transom Capital Group has ambitious plans for Pelco, including leveraging a bold vision designed to meet the growing demand for solutions-focused products and services across specific market segments.
“Pelco commands a powerful brand in a growing industry and maintains a deep bench of amazingly talented employees,” added McClain. “Transom Capital Group recognised these factors in its decision to purchase the company and will serve as our foundation in becoming the leading solutions provider in the industry.”
Existing Pelco employees Brooke Christopher has been promoted to head of marketing communications and branding, while Stuart Rawling becomes vice-president of marketing strategy.
“We congratulate Brooke and Stuart on their new roles and look forward to their continued leadership within the company,” concluded McClain.