Pennsauken-based RCM Technologies Inc., a provider of business and technology solutions, announced leadership changes at the company.
Rocco Campanelli, CEO and president of RCM, has retired effective June 1. He will continue to assist the company as an adviser and consultant to ensure a smooth transition.
As a result of Campanelli’s retirement, Bradley S. Vizi has been elected by RCM’s board to become its new executive chairman.
Vizi has been the company’s chairman of the board since September 2015 and has been a member of the board since December 2013. Vizi founded Legion Partners Management Inc. in 2010 and Legion Partners Asset Management LLC in 2012, where he served as managing director and portfolio manager.
“We thank Rocco for his 23 years of service with RCM, the last four as CEO. We appreciate his contributions over the years and are pleased he will be available as a special advisor/consultant to me and the senior management team,” Vizi said.
Upon Vizi’s appointment, he announced RCM’s three operations businesses will now be led by division presidents:
- Frank Petraglia, formerly senior vice president, energy services, will become division president — engineering services;
- Michael Saks, formerly senior vice president, health care services, will become division president — health care services.
- Michael Boyle, formerly senior vice president, information technology, will become division president — information technology services.
“The change in leadership structure is designed to better position the company to serve its diverse clients. It is not expected to change day-to-day operations,” Vizi said. “We are excited about the progress of our division leaders and the board believes the announced restructuring of management will position the company to accelerate growth and maximize long-term value for shareholders.”
“I’m proud of our accomplishments at RCM. I look forward to continuing to support RCM as a consultant going forward,” Campanelli said.
