DMC Global Announces Appointment of Eric Walter as Chief Financial Officer
20 Janeiro 2023 - 9:00AM
DMC Global Inc. (Nasdaq: BOOM) today announced the appointment of
Eric Walter as chief financial officer. Walter’s appointment will
be effective the day after DMC files its 2022 Form 10-K, which is
expected on or around February 24, 2023. Walter will succeed CFO
Michael Kuta, who has been appointed as DMC’s interim co-CEO with
DMC board member David Aldous.
Walter joins DMC with more than 30 years of
financial experience and spent the past five years with Jacobs
(NYSE: J), a $15 billion engineering and professional services
firm. From 2020 to 2023, he was CFO of the People & Places
Solutions business, Jacob’s largest division with annual revenue of
$9 billion. Walter also led the creation of Jacobs’ financial
planning and analysis organization, enhanced its management
reporting processes and oversaw a global finance organization of
more than 800 employees.
“Eric is an extremely talented leader who joins
DMC with a wealth of relevant financial and management experience,”
Kuta said. “He has built and led global finance teams, developed
capital allocation strategies and implemented initiatives designed
to strengthen free cash flow. He also managed a variety of
public-company reporting functions. We’re excited he’s bringing his
expertise and enthusiasm to DMC and look forward to collaborating
with him.”
Previously, Walter was vice president and
corporate controller of Veritiv (NYSE: VRTV), a $9 billion
packaging, printing and logistics company. He was instrumental in
preparing Veritiv for its 2014 initial public offering and led the
drafting of the company’s S-1 registration statement. He also
established the company’s SEC reporting function and helped
implement Veritiv’s Sarbanes-Oxley readiness program.
“DMC has a compelling growth strategy and a
family of well-run manufacturing businesses that are leaders in
their respective markets,” Walter said. “I feel I’m joining DMC at
an exciting time in its evolution.”
He added, “I’ve thoroughly enjoyed my time with
DMC’s leadership team and board members as I’ve grown to know the
Company. It’s an impressive organization, and I look forward to
contributing to its continued success.”
Walter’s financial career also includes 10 years
in a variety of financial leadership positions with Unisource
Worldwide, a predecessor industrial business to Veritiv. He earned
an MBA from Duke University’s Fuqua School of Business and a
bachelor of arts in accounting and business administration from
Furman University.
About DMC Global Inc. DMC
Global operates three differentiated, asset-light
manufacturing businesses that serve niche segments of the building
products, energy, and industrial infrastructure
industries. DMC supports its companies with long-term
capital and strategic, financial, legal, technology and operating
resources, enabling them to grow their core businesses, launch new
initiatives, upgrade technologies and systems, and make
acquisitions that improve their competitive positions and expand
their markets. The DMC family of companies consists 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. Based in Broomfield, Colorado, DMC
trades on Nasdaq under the symbol “BOOM.” For more
information, visit www.dmcglobal.com.
Safe Harbor Language Except for
the historical information contained herein, this news release
contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended, including
statements regarding the anticipated timing of Mr. Walter’s
assumption of the CFO role and future growth and leadership of DMC.
Such statements and information are based on numerous assumptions
regarding present and future business strategies, the markets in
which we operate, anticipated costs and ability to achieve goals.
Forward-looking information and statements are subject to known and
unknown risks, uncertainties and other important factors that may
cause actual results and performance to be materially different
from those expressed or implied by such forward-looking information
and statements, including but not limited to the risks detailed
from time to time in our SEC reports, including the annual report
on Form 10-K for the year ended December 31, 2021 and subsequent
quarterly reports on Form 10-Q, all of which are incorporated by
reference herein. We do not undertake any obligation to release
public revisions to any forward-looking statement, including,
without limitation, to reflect events or circumstances after the
date of this news release, or to reflect the occurrence of
unanticipated events, except as may be required under applicable
securities laws.
NEWS CONTACT: Geoff High Vice
President of Investor Relations 303-604-3924
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