Mount Laurel’s inTEST Corp.’s leader will retire at the end of the year.
Robert E. Matthiessen is the executive chairman, CEO and president of the designer and manufacturer of temperature management products and semiconductor automatic test equipment interface solutions.
He will continue as chairman of the board of directors, which appointed James Pelrin as the company’s next CEO and president, effective Jan. 1.
“It has been my distinct honor to lead inTEST alongside our dedicated employees around the world, and I am proud to continue serving the company and its stakeholders as chairman of the board,” Matthiessen said. “Since the company’s inception 36 years ago, quality and innovation have been the hallmark of our endeavors. As Jim takes the helm, I am confident that inTEST will continue its growth trajectory as he and the team build on our strong foundation of success.”
In his 20 years leading inTEST, the company has acquired six companies, broadened customer diversification and made technology investments that have led to new markets, as well as revenue and margin expansion.
He has been with the company more than 25 years, serving as president and director since 1997. The next year, he became CEO and has been executive chairman since May.
“Bob has expertly piloted the company to significant growth and success during his tenure, leading a talented management team in the delivery of consistent returns to inTEST shareholders,” said William Kraut, the board’s lead independent director. “Under his leadership, inTEST has grown through strategic acquisitions, organic growth and a continued focus on new product innovation. We are very pleased to have Bob’s continued guidance in his role as chairman of the board.”
Incoming CEO Pelrin is currently executive vice president and chief operating officer, as well as a director of the company.
“I am equally confident in the leadership capabilities of James Pelrin, who brings considerable success as he assumes the role of president and CEO.” Kraut said. “Jim’s excellent performance, along with his successful experience in running the company’s thermal products segment, positions inTEST to continue to deliver outstanding results to our shareholders. inTEST is in excellent hands.”