The Hamden technology company revised its finance succession plan days before its longtime CFO retires.
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Hamden-based TransAct Technologies, which makes specialty printers and software for restaurants and casinos, has appointed a former Barnes Group finance executive as its chief financial officer after the company's previously announced successor withdrew from the role.
Troy Ingianni, who most recently served as vice president, global controller and chief accounting officer at Barnes Group, will become TransAct's chief financial officer, secretary and treasurer on July 1. He succeeds Steven DeMartino, who is retiring.
Robert Campbell, the company's controller, had previously been named DeMartino's successor, but informed the board he would not assume the position for personal reasons. Campbell will also step down as principal accounting officer on June 30 but will remain with the company in a nonexecutive finance role. The company said his decision was not related to any disagreement over its operations, policies or practices.
Ingianni spent 15 years in finance and accounting leadership roles at Bristol-based Barnes Group, which was acquired by Apollo Funds in a $3.6 billion deal completed in early 2025. Ingianni left Barnes Group, a global aerospace and industrial manufacturer, in December 2025.
Ingianni was also previously a senior manager in Deloitte & Touche's audit, assurance and advisory practice and began his career as a cost analyst at Pratt & Whitney. He is a Connecticut certified public accountant and holds bachelor's, master's and MBA degrees from the University of Connecticut.
Under the terms of his employment agreement, Ingianni will receive an annual base salary of $350,000, eligibility for a target annual bonus equal to 35% of his salary, and a grant of 15,000 restricted stock units that vest over four years, according to a U.S. Securities and Exchange filing.
The appointment is part of a broader executive transition at TransAct. When DeMartino retires, CEO John Dillon will also assume the title of president.
The leadership change comes as TransAct works to expand its food-service software business and increase recurring subscription revenue, a strategy that has become a central focus under Dillon.
TransAct has traditionally been known for its specialty printers used in casinos and restaurants but has shifted its focus in recent years toward software designed to help food-service operators manage food safety and kitchen operations.
That strategy has drawn criticism from former CEO Bart Shuldman, who in April issued an open letter to shareholders arguing the company should focus more heavily on its hardware business rather than investing in software. Shuldman, who led TransAct for 27 years before resigning in 2023, also questioned the company's board and strategic direction.
TransAct reported first-quarter net sales of $14.4 million, up 10% from a year earlier, while net income increased to $766,000, or 7 cents per diluted share, from $19,000, or less than 1 cent per diluted share, in the year-earlier quarter. The company’s board also authorized a $3 million share repurchase program.
