NAPCO’s Buchel takes reins as CEO

AMITYVILLE, N.Y.—NAPCO Security Technologies founder Richard Soloway has stepped down as CEO; President Kevin Buchel has assumed the rule of CEO and president. 

Soloway, who founded NAPCO more than 55 years ago, will serve as founder and executive chairman while continuing as chairman of the board. In his new role, Soloway will focus on strategic initiatives, long-term business planning, product innovation and industry relationships. 

"It has been a tremendous privilege to serve as chief executive officer of NAPCO, and I am very proud and gratified by the many achievements and milestones since founding the company," Soloway said. "It is also with great confidence and pleasure that we turn the chief executive position over to Kevin, who has already demonstrated his leadership skills and business acumen since his appointment as NAPCO's president and chief operating officer two years ago, and I look forward to continuing to collaborate with Kevin in our new roles." 

Buchel has held a variety of management positions during his more than 25 years with NAPCO. The company said his experience and familiarity with its operations position him to lead the next phase of growth. 

"I am very excited and honored for this opportunity to lead the NAPCO team as we embark on the next chapter of NAPCO's success story," Buchel said. "I look forward to executing our strategies, delivering innovative products, and implementing our differentiated business model to drive revenue growth and sustained profitability. I greatly appreciate Dick's guidance and support over the years, and I am committed to continue working alongside him to lead our company to the next phase of accomplishments." 

Related: NAPCO eyes new growth drivers of recurring revenue

Photo courtesy of NAPCO Security Technologies