Velo3D, Inc, Campbell, California, USA, has appointed business leader Stefan Krause to the company’s board of directors as audit committee chair.
With more than three decades of experience working at some of the most recognisable companies in the world, Krause has built a career that previously included a Chief Financial Officer role at BMW – where he became the youngest ever to hold the position and a member of the management board. Krause then took on a similar role at Deutsche Bank, earning a reputation as one of the world’s top CFOs. He also previously served as chairman of Rolls Royce Motorcars, Postbank AG and BHF Bank.
As well as his work in financial roles, Krause has been involved with multiple startups during his career and has been CEO and co-founder of electric vehicle maker Canoo. He has also been in the supervisory boards of Rocket Internet and Allianz AG.
“Stefan’s international business background, his expertise in branding and go-to-market strategy and his deep experience managing public companies make him a welcome and valuable addition to our board as VELO3D prepares for life as a public company,” stated Benny Buller, founder and CEO. “His presence will help VELO3D continue our accelerated growth at scale and speed adoption of our full stack metal AM solution, freeing the most imaginative engineers on the planet to build the impossible.”
Last month Velo3D, announced a merger with JAWS Spitfire Acquisition Corporation to become a public company.
The company also previously announced a US-wide distribution partnership with GoEngineer, and has said it plans to expand commercial operations in Europe, while establishing strategic partnerships in both Europe and Asia, demonstrating the company’s focus on supporting visionary aviation, energy, space and industrial customers globally. Current customers include Chromalloy, Honeywell, Lam Research, and Primus Aerospace.
“With truly unique capabilities setting it apart from others in the AM space, Velo3D is actually delivering on 3D printing’s unfulfilled promise of innovation and design freedom,” stated Krause. “This is due to a relentless focus on pushing the limits of manufacturing technology and helping customers design and build the parts they need without compromise. I’m looking forward to working with Benny and the team to help companies become more agile and innovate faster.”
In March of this year, Velo3D was named by Fast Company’s 2021 as one of the most innovative manufacturing companies among the top ranked in the manufacturing category for their Additive Manufacturing work in aerospace, aviation, semiconductors, and more.