TransAct Technologies Incorporated announced that, on April 4, 2023, its Board of Directors appointed John M. Dillon, a member of the Board, as interim Chief Executive Officer, effective immediately. Mr. Dillon succeeds Bart C. Shuldman, who resigned as CEO and as a director of the Company. Mr. Shuldman served as TransAct's CEO since 1996.

His steadfast leadership helped the Company successfully emerge from the challenges presented by the COVID-19 pandemic, and he has been integral in developing the Company's strategic direction. Mr. Dillon has been a Board member since 2011, is an experienced executive, and has previously served as the CEO of several companies. He is Chairman of Aerospike Inc. and previously served as Chief Executive Officer of Aerospike, Chief Executive Officer Engine Yard Inc., Chief Executive Officer of Navis Inc., Chief Executive Officer of Salesforce.com, and President & Chief Executive Officer of Hyperion Solutions.

He began his career as a Systems Engineer for EDS (Electronic Data Systems) and then moved into a variety of sales management positions for various high-tech companies, including Oracle Corporation. Mr. Dillon received an undergraduate degree from United States Naval Academy and an MBA from Golden Gate University.