3D printer manufacturer Velo3D has announced that William McCombe has stepped down as the company’s chief financial officer, effective September 29, 2023. Bernard Chung, Velo3D’s vice president of finance, has been appointed acting CFO, effective September 29, 2023.
The change in top financial leadership comes at a crucial time for the company, which is well-known in the additive manufacturing industry and provides technology solutions for metal 3D printing.
“I want to thank Bill for his dedication and leadership over the last three years as he guided the company through the listing process and helped successfully grow Velo3D into one of the leading technology suppliers in the additive manufacturing industry,” said Benny Buller, CEO of Velo3D. “I wish Bill the best of luck in his future endeavors. I am also pleased to welcome Bernie as our Acting Chief Financial Officer and look forward to continuing to build on our 3-year partnership. Given his more than 20 years of finance experience, we expect a seamless transition as he takes on his new responsibilities.”
Bernard Chung, who brings more than 20 years of experience in finance, will assume the new responsibilities as of the specified date and is expected to ensure a smooth transition. In his previous role at Velo3D, he managed accounting, finance and SEC reporting. Prior to joining the company, Chung had served in various financial management positions in manufacturing, transportation and technology, and was also a director and audit manager at KPMG.
William McCombe will continue to serve the company in an advisory capacity until November 7, 2023 and will participate in the third quarter earnings conference call.
Velo3D has established itself as a major player in additive manufacturing, and its spirit of innovation in 3D printing technology has far-reaching implications for diverse industries, particularly for the manufacture of precision and complex metal components.
The changes in the company’s leadership are a significant step for Velo3D and demonstrate the dynamic and ever-evolving nature of the additive manufacturing industry. With Bernard Chung’s experience and expertise, the company is expected to further strengthen its position as a leading technology provider in 3D printing.