Robert Campbell to take over CFO duties at TransAct by June 30

TransAct Technologies has appointed Robert Campbell as the solutions provider’s new CFO, with current President, CFO, Secretary and Treasurer Steven DeMartino set to retire from his positions by June 30, 2026. 

“I am honored to step into the role of Chief Financial Officer at this pivotal time for TransAct,” Campbell said. 

“We have a strong financial foundation and a compelling opportunity to continue scaling our Boha! cloud-based SaaS platform. I look forward to supporting TransAct’s further growth and development in both the Food Service Technology and Casino and Gaming markets.”

Campbell will also take over the Secretary and Treasurer positions from DeMartino when his appointment goes into effect on June 30, while TransAct CEO John Dillon will also step into President responsibilities. 

Addressing his upcoming retirement, DeMartino said: “It has been an honor to guide and serve TransAct during the entirety of its public company life since its IPO in 1996. I want to thank TransAct’s employees, Board of Directors and stockholders for trusting and supporting me throughout my nearly 30-year career at TransAct.

“I am proud of what we have accomplished to date and, as a stockholder, am supportive of the company’s strategic direction. Long term, I believe TransAct has a large and growing opportunity in front of it.”

Additionally, TransAct Principal Accounting Officer William DeFrances declared his intentions to retire later in 2026, with Campbell set to immediately take over the position following his appointment. 

DeMartino and DeFrances will both remain with TransAct through the end of 2026 in advisory roles to help ensure seamless transitions. 

In less than seamless news, former TransAct Technologies CEO Bart Shuldman, issued an open letter to the Board of Directors and fellow shareholders on April 24 to express concerns over the provider’s strategic direction.

Shuldman stated TransAct’s current desire to expand into software within the food service market fails to leave the provider with a “clear competitive advantage” and “increases the risk of committing significant capital to compete in an already crowded… market.”