Benny Buller Steps Down as CEO of Velo3D – Will Remain on the Board of Directors

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  • The Company has Commenced a Search for a Permanent Chief Executive Officer while Brad Kreger, EVP of Operations will serve as an Interim Chief Executive Officer.
Benny Buller Steps Down as CEO but will remain on the Board of Directors
Benny Buller Steps Down as CEO but will remain on the Board of Directors/Source: Velo3D

Velo3D, Inc., a leading metal additive manufacturing technology company for mission-critical parts, announced that Benny Buller had resigned as CEO at the request of the Company’s Board of Directors, effective immediately.  Mr. Buller will continue to serve on the Board of Directors of the Company.

The Board of Directors has appointed Brad Kreger as Interim CEO, effective December 18, 2023, and the search for a permanent CEO has begun.  Mr. Kreger has been the Company’s Executive Vice President of Operations since December 2022. Prior to joining Velo3D, he held executive positions overseeing and rapidly scaling manufacturing operations at a number of early and mid-stage companies, including Affymetrix, Thermo Fisher Scientific, and Fluidigm Corporation.

Benny Buller Steps Down as CEO of Velo3D

The company achieved many milestones under Benny Buller’s leadership. It delivered its first Sapphire system in 2018 and has worked with pioneering companies and innovators such as SpaceX, Honeywell, Honda, Chromalloy, and Lam Research as a strategic partner. Velo3D was also named Fast Company’s Most Innovative Companies for 2023.

“I want to thank Benny Buller for his tireless efforts over the last nine years from founding the company to making Velo3D the technology leader in the rapidly growing additive manufacturing industry.”

– Carl Bass, Chairman of the Board of Velo3D

Bass added, “We are incredibly grateful to Benny for all his contributions.  However, given the current environment, the Board believed a change would best position the company for future success.  We look forward to continuing to benefit from Benny’s experience at the board level as we execute on our strategic technology and profitability initiatives.”

In addition, the Board of Directors has begun a strategic business review process to investigate alternatives for increasing shareholder value.  A strategic transaction, potential merger, business combination, or sale are examples of potential strategic alternatives to be explored or evaluated.  There is no guarantee that the Company’s strategic review process will result in a transaction or another strategic outcome. During the review process, the company does not expect any impact on its operations or ability to serve its customers.  Velo3D is still dedicated to creating strategic value for its customers, employees, partners, and shareholders.

Velo3D does not intend to disclose further developments in this strategic review process unless and until such disclosure is deemed appropriate or necessary.

Velo3D has overcome many metal 3D printing limitations over the years, allowing engineers to design and print the parts they need. The company’s solution enables customers in space exploration, aviation, power generation, energy, and semiconductor to innovate the future in their respective industries by unlocking a wide range of design freedom. These customers can now build mission-critical metal parts that were previously impossible to manufacture using Velo3D. The fully integrated solution includes Velo3D’s Intelligent Fusion manufacturing process, the Flow print preparation software, the Sapphire family of printers, and the Assure quality control system.  

Earlier in September 2023, William McCombe had resigned as the company’s Chief Financial Officer, effective September 29, 2023, to pursue other career opportunities.

About Manufactur3D Magazine: Manufactur3D is an online magazine on 3D Printing. Visit our Global News page for more updates on Global 3D Printing News. To stay up-to-date about the latest happenings in the 3D printing world, like us on Facebook or follow us on LinkedIn and Twitter. Follow us on Google News.

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Abhimanyu Chavan is the founder of Manufactur3D Magazine. He writes on Additive Manufacturing technology, interviews industry leaders, shares industry insights, and expresses his thoughts on the latest developments in the industry. You can follow him on LinkedIn, Twitter and Instagram.
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