Velo3D’s CEO Benny Buller steps down
December 18, 2023
Velo3D, Inc, headquartered in Campbell, California, USA, has announced that Benny Buller, the company’s founder, has stepped down as Chief Executive Officer at the request of the Board of Directors. Buller will remain a member of Velo3D’s Board of Directors, with Brad Kreger stepping up as interim CEO while the company begins its search for a permanent CEO.
It was stated that the Board of Directors has also begun a strategic business review to explore a range of options, including a potential merger, business combination or sale. Velo3D emphasised that the strategic review process does not guarantee a transaction or other strategic outcome. The company also stated that it does not anticipate any impact on its operations or its service to customers during the review process.
“I want to thank Benny 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,” stated Carl Bass, Chairman of the Board of Velo3D. “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.”
Kreger has served as the Executive Vice President of Operations at the Velo3D since December 2022. Before joining the company he held various executive roles managing and quickly expanding manufacturing operations at several early and mid-stage companies, including Affymetrix, Thermo Fisher Scientific, and Fluidigm Corporation.
