FRANKLIN PARK, Ill., September 10, 2024 – Transcendia Holdings, Inc. (“Transcendia” or the “Company”), a leader in manufacturing and converting custom engineered films, today announced the following changes to its executive team.
After leading Transcendia through five years of unprecedented transformational change that included expanding manufacturing capabilities to serve higher-margin business, implementing business systems to drive efficiency and establishing core values that fostered a more collaborative and high-performing culture, John Bagnuolo will step down from his President & CEO role on December 31, 2024. Current Transcendia CFO, Paul Collins, who played a key role in Transcendia’s operational and commercial transformation initiatives will be promoted to President & CEO effective January 1, 2025.
“I have every confidence Paul is the right person to lead Transcendia as it continues the transformative journey we started in 2019. I am grateful for the opportunities and relationships I have built over the last five years and wish the entire team every success moving forward,” stated John Bagnuolo.
Katie Townsend, current VP of FP&A, who was instrumental in Transcendia’s recapitalization transaction with Industrial Opportunity Partners (“IOP”) earlier this year, will be promoted to CFO. Succeeding Katie will be Kevin Callahan who will be promoted from FP&A Manager to VP of FP&A. Jordan Cheifetz will be joining Transcendia as VP - Controller. Both Kevin and Jordan will report to Katie in her new role as CFO.
Nada Stojanovic, current Vice President, Human Resources, will lead Transcendia’s HR team effective January 1, 2025, succeeding Scott Gummow, CHRO, who will step down from his role on December 31, 2024.
Barnet Rogers, SVP of Corporate Development, will leave the Company on November 1, 2024, to pursue other opportunities.
“We are grateful for the exceptional leadership and contributions to implementing the Company’s transformative vision that John, Scott and Barnet have provided and wish them well as they pursue new endeavors. We are also excited to have the newly-announced leaders join Transcendia’s executive leadership team, including our new COO, Kevin Quinn, who brings over 35 years of industry experience, to guide the next phase of initiatives and further strengthen Transcendia’s market position,” said Tom Ninneman, Operating Principal, Industrial Opportunity Partners.
About Transcendia
Transcendia, Inc. is a leader in manufacturing and converting custom engineered materials designed to protect products and keep people safe and healthy. The company serves over 2,300 customers globally who rely on its broad material science expertise, extensive technology platform and best-in-class quality systems for their most complex application needs. Founded in 1931, Transcendia has decades of experience working collaboratively with customers to develop film solutions for the healthcare, food and beverage, specialty industrial, and print and publishing end markets. Headquartered in Franklin Park, IL, Transcendia operates fourteen manufacturing facilities and three distribution centers globally. To learn more, please visit www.transcendia.com.
About Industrial Opportunity Partners
Industrial Opportunity Partners, an Evanston, Ill.-based private equity firm with over $1.5 billion of committed capital since inception, is dedicated to creating value through investing in manufacturing and value-added distribution businesses with sales between $50 million and $500 million. IOP focuses on businesses with strong product, customer, and market positions, and provides management and operational resources to support sales and earnings growth at its businesses. For more information, visit IOP’s website at www.iopfund.com.