Adept Technology Names Robert Cain CEO
Adept Technology (NASDAQ: ADEP) today announced that its Board of Directors has appointed Rob Cain as President and Chief Executive Officer succeeding John Dulchinos, who has resigned as President and Chief Executive Officer and as a director of the Company.
As new CEO, Mr. Cain, 47, brings to the company over 25 years of experience in the high tech and capital equipment industries combined with a mechanical engineering and graduate business education. He has been a key figure in the turnaround and return to double digit growth of multiple companies, most recently at Telanetix as COO and prior to that at Avure Technologies as the SVP of Operations. He is also a Hale Capital Partners Operating Partner. Working with Adept over the past several months in an advisory capacity, Mr. Cain has been a primary architect of the restructuring plan adopted by the company and now leads the corporate vision towards an increased emphasis on profitable growth in both its traditional markets and the new exciting mobile business.
"Rob came to our attention because of his strong execution skills, his proven