Waterman said he will look to expand Sur-Seal through additional acquisitions and in new markets.
"We are fortunate to have found another leader that exemplifies the culture of Sur-Seal and the experience to lead this enterprise through its next phase of growth," said James Sidwa, a member of the Board of Directors.
Andrea Vandersall, also a board member, said she looks forward to working alongside Faist on the Board. Faist had served as CEO since 2018 and has been with Sur-Seal since 2013.
"It has been a pleasure to work with Larry as CEO during his tenure, and we look forward to continuing that work together as board members," she said.
Sur-Seal is a global company that predominantly serves the HVAC, lighting and medical spaces with its custom die-cut, molded and extruded parts.