Desktop Metal, Burlington, Massachusetts, USA, has announced the appointment of Scott Dussault to its board of directors effective December 18, 2020. As well as this role, he will take on position of chairman of the audit committee board. These appointments follow the election of Stephen Nigro to the Desktop Metal Board of Directors following the closing of its business combination with Trine Acquisition Corp.
Dussault has reportedly worked as a leader in the operational and financial leadership field for over twenty years, with a track record of success in both public and private companies. He currently serves as EVP, COO, and CFO at Nasuni Corporation, a leading cloud storage provider. Prior to January 2015, Dussault functioned as EVP and CFO for Demandware, leading the company through its initial market offering, which resulted in a market capitalisation of over $3 billion.
Previously, he held CFO roles at Archivas, AStra Tech, and StorageNetworks. Dussault now acts as an advisory board member at BigCommerce and MotiveMetrics. He holds a BS in accounting from Stonehill College, Easton, Massachusetts, USA.
“I have had the pleasure of working with Scott previously as an early-stage investor in Dyn and Demandware. Scott brings to our board a wealth of experience leading finance and operational functions at a number of high growth companies, and we are fortunate to have him assume the chair of our Audit Committee,” stated Ric Fulop, Desktop Metal’s CEO, co-founder, and chairman of the board of directors. “I am confident he will provide valuable perspectives as we continue to execute our strategy to enhance value for all Desktop Metal shareholders.”
“It’s an honour to join Desktop Metal’s Board of Directors,” said Dussault. “It’s been exciting to watch the Additive Manufacturing industry unfold as one of the most transformative technology innovations of our time, and I look forward to the opportunity to be a part of the industry’s continued growth and a member of Desktop Metal’s team as it extends its market position.”
Nigro worked at HP, Inc. for the greater part of three decades in a variety of roles. Most recently, he functioned as president of the company’s 3D Printing division, but he had previously served as senior vice president of HP’s Imaging & Printing business. Currently, Nigro serves on the board of directors of Kornit Digital Ltd. He holds a BS from the University of California Santa Barbara and an MS from Stanford University, both in electrical engineering.
“Stephen is a highly respected and proven leader in the additive manufacturing industry,” added Fulop. “He brings deep technical knowledge and an unmatched understanding of the Additive Manufacturing landscape to our board. We are excited to have him join us, and we will call on his broad experience launching and scaling HP’s 3D printing business as we advance Desktop Metal’s Additive Manufacturing 2.0 solutions for end-use applications across an array of industries.”
“I am thrilled to join the Desktop Metal Board of Directors,” stated Nigro. “Desktop Metal has a compelling portfolio of Additive Manufacturing solutions and a talented team. I look forward to partnering with my fellow board members and Desktop Metal management as we work to take advantage of this significant opportunity.”
Desktop Metal’s other directors consist of Fulop; Leo Hindery, Jr., technology investor, operator and former CEO of Trine Acquisition Corp; Andy Wheeler, General Partner of GV (formerly Google Ventures); Bilal Zuberi, Partner at Lux Capital; Byron Knight, Managing Director of Koch Disruptive Technologies; Dayna Grayson, Managing Partner of Construct Capital and formerly Partner at New Enterprise Associates (NEA); Jeff Immelt, Venture Partner at NEA and former CEO of General Electric Co.; Steve Papa, CEO of Parallel Wireless; and Wen Hsieh, General Partner of Kleiner Perkins Caufield & Byers.