Soloway will remain active within the organization, transitioning into the role of executive chairman of the board. Buchel, a veteran of the company with over 25 years of management experience, will retain his title as president while assuming the responsibilities of the chief executive. The company has not yet named a replacement for his former role as chief operating officer.

Since its founding, the firm has established itself as a staple in the high-tech electronic security sector. This leadership adjustment signals a focus on continuity, as Buchel has been an integral part of the company's executive team for two and a half decades.