James Haley Appointed as New Chief Financial
Officer;
Arjun Aggarwal Appointed as Chief Product
Officer
Desktop Metal, Inc. (NYSE: DM), a leader in mass production and
turnkey additive manufacturing solutions, today announced the
appointment of James Haley as its new Chief Financial Officer,
effective February 12, and Arjun Aggarwal as Chief Product Officer,
effective February 9.
“I have previously worked with James and forged a great
relationship with him over 13 years. He brings a strong track
record of leading financial operations for high-growth technology
companies with significant functional experience overseeing
strategic transactions and public financing events,” said Ric
Fulop, CEO and co-founder of Desktop Metal. “James has already
proven to be a strong addition to our leadership team, and I am
excited to work with him closely in his new role to drive our
success and deliver value for our shareholders.”
Haley, who has served as Desktop Metal’s Vice President of
Finance since August 2020, brings over 25 years of financial
leadership experience with high-growth technology companies,
including serving in senior finance roles at four public companies
and two divisions of global public companies. Haley holds a B.A. in
Management from Curry College and an M.B.A. from Northeastern
University. To help ensure a smooth transition, Haley will work
closely with the Company’s current CFO, Elizabeth Linardos, who is
expected to remain with the Company in an advisory capacity through
July.
“I am excited to step into the CFO role at Desktop Metal to help
the company continue executing its strategic vision,” said Haley.
“I look forward to continuing to work with the entire Desktop Metal
team to build on the Company’s momentum, accelerate our growth, and
deliver value to shareholders.”
Aggarwal has served as Desktop Metal’s Vice President of Product
and Business Development since January 2020 after first joining the
Company in October 2017. In this newly-created role, Aggarwal will
manage the Company’s product portfolio strategy and strategic
partnerships to position the company for long-term growth. Prior to
Desktop Metal, Aggarwal served in venture investing and technology
investment banking roles at New Enterprise Associates and Morgan
Stanley. Aggarwal holds a B.S. in Management Science &
Engineering from Stanford University.
“Arjun’s had an incredible impact on our business since he’s
joined us, and he is deeply familiar with our technology,
customers, and market opportunity. We’re excited to create this new
role for him as we expand our product portfolio and enter a new
phase of our business,” said Fulop.
“Desktop Metal has been a pioneer in reshaping additive
manufacturing for production applications,” said Aggarwal. “The
company has an extraordinary opportunity to change how industrial
businesses innovate across product design, manufacturing, and
supply chain. I’m excited to continue exploring our customers’
evolving needs and working with our team in this new role to bring
exceptional solutions to market that help drive this
transformation.
About Desktop Metal
Desktop Metal, Inc., based in Burlington, Massachusetts, is
accelerating the transformation of manufacturing with end-to-end 3D
printing solutions. Founded in 2015 by leaders in advanced
manufacturing, metallurgy, and robotics, the company is addressing
the unmet challenges of speed, cost, and quality to make 3D
printing an essential tool for engineers and manufacturers around
the world. Desktop Metal was selected as one of the world’s 30 most
promising Technology Pioneers by the World
Economic Forum; named to MIT Technology Review’s list of 50
Smartest Companies; and recognized among the most important
innovations in engineering in Popular Science’s “Best of What’s
New.” For more information, visit www.desktopmetal.com.
Forward Looking Statements
This document contains certain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities and Exchange Act of
1934, as amended. Forward-looking statements generally relate to
Desktop Metal’s future financial or operating performance.
These
forward-looking statements generally are identified by the words
“believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” “will be,” “will continue,” “will likely result,”
and similar expressions, including the negatives of such terms.
Forward-looking statements are predictions, projections and other
statements about future events that are based on
current expectations and assumptions and, as a result, are
subject to risks and uncertainties. Many factors could cause actual
future events to differ materially from the forward-looking
statements in this document, including but not limited to: (i) the
ongoing COVID-19 pandemic and measures taken by Desktop Metal, its
customers and suppliers, and governmental authorities in response
thereto; (ii) the possibility that the Company may be adversely
affected by other economic, business, and/or competitive factors,
including downturns in the highly competitive additive
manufacturing industry; (iii) the ability to implement business
plans, forecasts, and other expectations and identify and realize
additional opportunities; and (iv) other risks and uncertainties
set forth in the section entitled “Risk Factors” and “Cautionary
Note Regarding Forward Looking Statements”” in the S-1 Registration
Statement filed by the Company with the U.S. Securities and
Exchange Commission (the “SEC”) on December 23, 2020, as amended,
and the Company’s other filings with the SEC. These filings
identify and address other important risks and uncertainties that
could cause actual events and results to differ materially from
those contained in the forward-looking statements. Forward-looking
statements speak only as of the date they are made. Readers are
cautioned not to put undue reliance on forward-looking statements,
and the Company assumes no obligation and does not intend to update
or revise these forward-looking statements, whether as a result of
new information, future events, or otherwise. The Company does not
give any assurance that it will achieve its expectations.
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version on businesswire.com: https://www.businesswire.com/news/home/20210209005647/en/
Press Contact Lynda McKinney, 978-224-1282
Lyndamckinney@desktopmetal.com
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