Worcester Business Journal

wbjournal.com | September 16, 2019 | Worcester Business Journal 11 Supporting our Worcester Relationships Now from Front Street Member FDIC Contact: Michael.Crawford@RocklandTrust.com 508.946.8488 100 Front St. Worcester, MA RocklandTrust.com/Worcester "We're excited to open our first office in Worcester! We're committed to helping you reach your business goals." Michael Crawford Senior Vice President Commercial | Small Business | Investments Does your bank's website look like it was built during the 1980s? Let us give it a 21st century re-design! hello, world_ 508-616-2042 clientservices@wakefly.com and annual revenues have consistently remained around $20 million. According to Laursen, one of the many problems the company faced when he came on board was the lack of new business. "We are fast and furiously in the process of winning new business," he said, pointing to the $3.7-million contract. "If everything goes according to plan, we'll continue to make similar announcements." Fresh leadership In addition to Laursen, the company has rounded out its executive team with new faces, including CFO Coll, Senior Vice President of Operations Michael Simmons and newly appointed Vice President of Quality and Regula- tory Andrea Tower. Coll brings experience leading the finances for medical device compa- nies, including Florida-based National Dentex Corp. Michigan-based Modern Dental Laboratory and Burling- ton-based Keystone Dental. His expertise lies in mergers and acquisitions and scaling operations for growth in a variety of ownership envi- ronments while improving profitability. In June, Micron reshuffled its board of directors. Director Andrei Soran was named chairman, bringing his 20 years of ex- perience as a healthcare CEO, includ- ing as leader of MetroWest Medical Center from 2006 to 2013. Currently, Soran is the CEO of Maryland-based Trident USA Health Services, a medical device firm currently undergoing a Chapter 11 restructuring. Simultaneous to Soran's announce- ment, Micron said it was cutting costs and eliminating waste by selling two unused buildings on its Fitchburg cam- pus for $685,000. With the combination of new execu- tives, new business and a new corpo- rate culture, Laursen is confident the company will once again be profitable in 2020. "e story is: is is a turnaround," he said. "We're taking a company that has great bones and we're basically resurrecting it so it's best in class." Emma moves on e company began to make changes to its leadership team with Laursen's hiring in November, replac- ing former CEO Salvatore Emma. Emma's CEO tenure began as it was struggling even back in 2013, when the com- pany recorded a $3.5-million loss on revenues of $21.3 million. He started with the company as a vice president in 2007. Aer he was replaced as CEO, Emma resigned from the board of di- rectors but stayed on as chief operating officer, a position he held for just a few months. His employment was ter- minated effective Feb. 8. He declined comment for this story. Now, he and his wife Amy Emma are working on a Fitchburg company called Defcon Products, LLC which markets a device called TeacherLock, a school securi- ty door lock meant to combat school violence and mass shootings. TeacherLock has been installed in several schools, including in San Antonio, Texas, Flint, Mich., Kansas City, Alexandria, Va., and Abby Kelley Foster Charter School in Worcester, where Amy Emma is principal. Bill Laursen, CEO, Micron Solutions Salvatore Emma, former CEO, Micron Solutions W

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