NAPCO CEO Richard Soloway Steps Down After 55 Years, Hands Reins to Kevin Buchel
Event summary
- Richard Soloway transitions from CEO to Executive Chairman after 55 years at the helm of NAPCO Security Technologies.
- Kevin Buchel, current President and COO, assumes role as CEO effective July 8, 2026.
- Soloway will focus on strategic initiatives, product innovation, and maintaining industry relationships in his new role.
- Buchel brings over 25 years of experience at NAPCO to his new position.
The big picture
NAPCO's leadership transition comes at a time when the electronic security market is rapidly expanding, driven by increasing demand for advanced intrusion and fire alarm systems. The shift from founder-led to professional management could signal a strategic pivot towards scaling operations and product innovation. With over $100 million in annual revenue, NAPCO's ability to navigate this transition will be critical for its long-term positioning in the multi-billion-dollar security technology sector.
What we're watching
- Strategic Vision
- How Kevin Buchel's leadership will shape NAPCO's next phase of growth and innovation.
- Operational Execution
- Whether Buchel can sustain the company's profitability and revenue growth amid industry competition.
- Industry Relationships
- The pace at which Soloway maintains key security industry relationships in his new role as Executive Chairman.