DMC Global Announces Planned Retirement of CFO Michael Kuta
August 11 2022 - 7:00AM
DMC Global Inc. (Nasdaq: BOOM) today announced that Michael Kuta
plans to retire and step down as Chief Financial Officer. Kuta will
remain with the Company until March 2023 to ensure a seamless
transition of his duties. DMC has commenced a search for Kuta’s
successor, and has engaged a leading executive recruiting firm.
“Mike is a valued partner who has played a
pivotal role in the transformation of DMC during his more than
eight years as CFO,” said Kevin Longe, president and CEO. “He was
instrumental in the restructuring and consolidation of our global
businesses, the modernization of our manufacturing infrastructure,
and our investments in groundbreaking technologies and products
that have fueled our growth. Mike developed the financing structure
and strategy for last year’s acquisition of a controlling interest
in Arcadia. He also has built a world-class finance and accounting
team to support DMC and its businesses. I am extremely grateful he
has offered to stay on for an extended transition period.”
“On behalf of the entire DMC family, I want to
thank Mike for his contributions and his friendship,” Longe added.
“We wish him and his wife, Karin, the very best as they embark on
their next chapter.”
Kuta said, “I am proud of all we accomplished
during my time at DMC and am thankful for the wonderful working
relationship and friendship I’ve shared with Kevin and the DMC
team. I look forward to assisting with the transition and watching
DMC’s continued success.”
About DMC Global Inc. DMC
Global operates a portfolio of differentiated businesses that
lead niche segments of the energy, industrial infrastructure and
building products industries. The Company’s strategy is
to identify well-run businesses with strong management teams, and
support them with long-term capital and strategic, financial,
legal, technology and operating resources. DMC helps portfolio
companies grow their core businesses, launch new initiatives,
upgrade technologies and systems to support their long-term growth
strategies, and make acquisitions that improve their competitive
positions and expand their markets. The Company’s current
portfolio consists of Arcadia Inc., 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. Based
in Broomfield, Colorado, DMC trades on Nasdaq under the symbol
“BOOM.” For more information, visit the Company’s website at
www.dmcglobal.com.
CONTACT: Geoff High Vice
President of Investor Relations 303-604-3924
DMC Global (NASDAQ:BOOM)
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