Australian additive manufacturing specialist Titomic has announced the retirement of its Chairman, Mr Philip Vafiadis, and the appointment of additional directors to its Board.
Former Stanley Morgan Managing Director Dag W.R Stromme and experienced commercial leader Humphrey Nolan have been announced as new additions to Titomic’s Board of Directors as the company confirmed the retirement of founding Chairman Philip Vafiadis.
Mr Jeff Lang, Titomic Founder & MD, will assume the role of interim-Executive Chairman while retiring Chairman Vafiadis will remain as a strategic advisor to the company under a 2-year consulting agreement at the request of the Board.
“We are delighted to have attracted to Titomic the calibre of Mr Stromme and Mr Nolan as new Directors of the Company,” commented Mr Lang as Interim Executive Chairman.
“Both have a proven track record of implementing company growth with their extensive international experience working with emerging technologies and commercial strategy in global markets.”
“They also bring deep corporate and technical skills to the Titomic Board that will be invaluable to the Company as we advance our global expansion.”
Mr Stromme, a professional investor and entrepreneur with close to 30 years of experience, said he was excited to pursue opportunities which provide technology-enabled solutions and address global challenges.
“Titomic’s disruptive additive manufacturing technology has an important role to play in making traditional manufacturing much more resource efficient and I look forward to contributing to the further advancement and global expansion of Titomic’s business,” he added.
Mr Humphrey Nolan, who has been appointed as Non-Executive Director effective 1 July 2020, is an experienced Board member and CEO with 30 years’ experience in driving strategic and operational change across industrial, logistics and distribution industries.
Commenting on his appointment, Mr Nolan said: “With changes to global supply chains, Titomic is well positioned to provide time and cost-efficient solutions to discrete manufacturing applications across key industries.”
“I am looking forward to being able to support Titomic in realizing these opportunities.”