inTEST Corp., a Mount Laurel-based supplier of precision-engineered solutions, announced on Thursday it has appointed Richard N. “Nick” Grant Jr. as its new CEO, president and member of the board, effective Aug. 24.
Grant will succeed James Pelrin, who resigned after 19 years at the helm. He will continue to support inTEST on a consulting basis for a period of time.
Prior to inTEST, Grant was senior vice president, Americas region of the industrial automation measurement and analytics division at ABB. Before that, he was a corporate vice president and general manager of AMETEK’s materials analysis division. Prior to that, he had a 16-year career at Emerson Electric.
“After conducting a thorough search process, we are delighted to appoint a chief executive of Nick’s caliber,” Joseph W. Dews IV, chairman of the board of inTEST, said. “His strong customer-facing sales and marketing capabilities combined with proven experience and P&L ownership at businesses larger than inTEST made him the standout candidate. We believe he has the experience, leadership and vision to drive growth for inTEST and deliver increased value to our stakeholders.”
As part of the transition, the board also announced Hugh Regan, current chief financial officer and treasurer, has been named interim CEO and president until Grant takes over the role.
“I’m excited to be joining inTEST,” Grant said. “inTEST has a strong foundation of businesses, a high-quality customer base and a solid balance sheet to build upon. I’m confident that with the right strategies and focused execution we will be able to more fully unlock inTEST’s potential. I would like to thank Joe and the entire inTEST Board for their support and confidence as we embark on the next chapter for inTEST, its customers, employees and stockholders.”
