TechPrecision Corporation announced that Thomas Sammons, Chief Financial Officer, has notified the Company that he will retire effective on or about July 14, 2023. Mr. Sammons joined the Company in March 2015 as Vice President, Finance, of the Company's wholly owned subsidiary, Ranor Inc., and was appointed Chief Financial Officer of the Company effective on October 23, 2015. Mr. Sammons will continue to consult with the Company post-retirement to ensure an orderly transition.

On May 30, 2023, the Board appointed Barbara "Bobbie" M. Lilley, currently the Controller of the Company, as Chief Financial Officer, to succeed Mr. Sammons on his retirement date. Ms. Lilley has served as Controller of Ranor Inc., since June 2016. Prior to joining the Company, Ms. Lilley served as Controller of Materials Systems Inc. from 2011 through 2015, and as Accounting Manager at Lewcott Corporation from 2008 to 2011.

Ms. Lilley received her Bachelor of Science/Business Administration with an Accounting major from Nichols College.