“Jim and I are both committed to ensuring a smooth transition and have committed time to support new leadership,” added Nislick, who will remain on the Excelitas board of directors as an independent director.”

“Our board of directors would like to thank David Nislick and Jim Rao for their steadfast leadership,” said Vinay Kumar, board member and partner of AEA Investors. “Over the last 13 years, David and Jim have built Excelitas into a leading industrial technology company. 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.”

Keating served the past nine years as president and CEO at Evoqua Water Technologies, which he took public in 2017. This past year, he successfully led the sale of Evoqua to Xylem.

Stas served alongside Keating at Evoqua as the executive vice president, CFO and treasurer. The two also worked closely together at Kennametal, where they served in leadership positions before moving to Evoqua.

“Ben and I are honored to join the Excelitas team as we embark on an exciting future for the company,” said Keating. “With a strong foundation created by David Nislick and Jim Rao, and its best-in-class technologies delivered by a best-in-class team, Excelitas is poised for growth and sustainable success.” 

For more information, visit: www.excelitas.com.