DMC Global (BOOM) Announces CEO Retirement

DMC Global Inc. (Nasdaq: BOOM) today announced Michael Kuta will retire as the Company’s president, CEO and as a member of the board, effective November 29, 2024. James O’Leary, DMC’s executive chairman, has agreed to assume the role of interim president and CEO of the Company upon Mr. Kuta’s retirement.

“Michael’s dedication and contributions to DMC during the past decade are greatly appreciated,” Mr. O’Leary said. “The board of directors and everyone at DMC wish him the best in his retirement.”

Kuta said, “I would like to express my sincere gratitude to DMC employees and our Board for the shared professional experiences over the past 10 years. I look forward to ensuring a seamless transition.”

Mr. O’Leary joined the Board in November 2023 with nearly four decades of executive leadership, finance, capital markets and board-level experience. He has extensive expertise in the construction and industrial manufacturing industries and is on the board of publicly traded Builders FirstSource, Inc., the largest U.S. supplier of building products and value-added services to the professional new-residential construction, and repair and remodeling markets.

“I look forward to partnering with DMC’s business leaders and associates around the world to address the internal and external challenges the Company currently faces,” O’Leary said. “My priority is putting the Company on a path toward enhanced value for our stakeholders.”

Mr. O’Leary was chairman of publicly traded BMC Stock Holdings, Inc. prior to its merger with Builders FirstSource in 2021. He was also chairman and CEO of Kaydon Corporation, Inc., a leading, publicly traded manufacturer of highly engineered industrial products, which was sold to an industry peer in a highly successful strategic transaction. His experience also includes extensive work as a director, executive and senior advisor at several leading private equity firms and portfolio companies. Mr. O’Leary holds a master of business administration from the Wharton School of the University of Pennsylvania and a bachelor of business administration from Pace University.

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