Total Safety has reported that Troy W. Thacker has been appointed President and Chief Executive Officer, effective August 5, 2013.
Mr. Thacker succeeds David E. Fanta who will retire. Mr. Fanta will transition to the role of Special Advisor to the CEO to ensure a smooth leadership changeover. He also will maintain his position on the Company's Board of Directors.
Mr. Thacker previously served as President and CEO of R360 Environmental Solutions, the nation's leading oilfield environmental solutions company, where he successfully expanded the company's service offerings and capacity as the leading independent provider of environmentally-conscious waste disposal, recycling and treatment solutions to oil and gas producers. Before joining R360, Mr. Thacker served as a Founding Partner of Paine & Partners, LLC, a private equity firm, where he was a member of the firm's Investment Committee and led investments in the energy, power, and industrial services sectors.
David A. Barr, Board Director, Total Safety and Managing Director, Warburg Pincus, commented: "On behalf of Total Safety's Board, I am pleased to welcome Troy, who brings a unique set of skills and valuable industry experience to the Company. Troy shares Total Safety's commitment to excellence and we are fortunate to have Troy join us to lead Total Safety into its next chapter of growth. I also want to thank Dave for his dedication and contributions to Total Safety over the past nine years, and wish him the best in his retirement. We look forward to benefiting from the continuity of Dave's involvement."
Commenting on his appointment, Mr. Thacker said, "Total Safety is uniquely positioned to continue to service the needs of its customers who seek high-quality safety and compliance solutions. I am excited to join the Total Safety team and look forward to leading the Company as it continues to strive towards maximizing its growth potential."
"It has been an honor to have served as Total Safety's President and CEO during this period of strong growth and to have worked with a terrific group of employees dedicated to building the global leader in safety and compliance services," said Mr. Fanta. "Now is the ideal time to transition the leadership of Total Safety to Troy in order to enable the Company take the next steps to capitalize on the opportunities for continued success."
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