Michael Kuta Named CEO of DMC Global
07 Août 2023 - 1:05PM
The board of directors of DMC Global Inc. (Nasdaq: BOOM) today
announced the appointment of Michael Kuta as president, chief
executive officer and director, effective immediately. Mr. Kuta was
previously DMC’s interim co-CEO, a position he and DMC director
David Aldous jointly assumed in January 2023. From 2014 to January
2023, Mr. Kuta was DMC’s chief financial officer.
Mr. Aldous, who has returned to his prior role
as DMC’s chairman, said, “After conducting a rigorous national
search in which our board evaluated and interviewed several highly
qualified candidates, Mike’s leadership skills, strategic thinking,
and deep knowledge of DMC’s businesses and culture made it clear he
was the ideal person to lead the Company.
Mr. Aldous added, “During our work together, I
witnessed Mike’s passion for DMC and his belief in its potential
for profitable growth. The board and I look forward to supporting
Mike and his leadership team as they aggressively work to execute
on DMC’s strategy and move the Company forward.”
Mr. Kuta said, “I am truly honored to have been
selected to lead DMC and want to thank our board of directors for
the opportunity. I also want to thank David for his partnership and
wisdom during the past seven months. I am excited about working
with the leaders and employees of DMC and our three exceptional
manufacturing businesses as we continue to strengthen and grow the
Company.”
Mr. Kuta has more than 25 years of corporate
leadership experience in the energy, petrochemical, industrial and
building products industries. Prior to joining DMC, he held a
variety of financial and executive leadership roles with The
Lubrizol Corporation, a $6 billion business of Berkshire Hathaway,
and at Lincoln Electric, a global leader in advanced welding
equipment. Mr. Kuta holds a master’s of business administration in
finance from Case Western Reserve University, and a bachelor’s
degree in accounting from Kent State University.
About DMC GlobalDMC Global is
an owner and operator of innovative, asset-light manufacturing
businesses that provide unique, highly engineered products and
differentiated solutions. DMC’s businesses have established
leadership positions in their respective markets and consist of:
Arcadia, a leading supplier of architectural building products;
DynaEnergetics, which serves the global energy industry; and
NobelClad, which addresses the global industrial infrastructure and
transportation sectors. DMC’s businesses are led by experienced,
strategically focused management teams, which are supported with
business resources and capital allocation expertise to advance
their operating strategies and generate the greatest returns. Based
in Broomfield, Colorado, DMC trades on Nasdaq under the symbol
“BOOM.” For more information,
visit: HTTP://WWW.DMCGLOBAL.COM.
CONTACT:Geoff HighVice
President of Investor Relations303-604-3924
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/7b6ed36d-3976-463d-b7ce-98bf145a09ec
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