Press release
DMC Global Announces Appointment of Eric Walter as Chief Financial Officer
BROOMFIELD, Colo., Jan. 20, 2023 (GLOBE NEWSWIRE) -- DMC Global Inc. (Nasdaq: BOOM) today announced the appointment of Eric Walter as chief financial officer.
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[{"type":"text","content":"BROOMFIELD, Colo., Jan. 20, 2023 (GLOBE NEWSWIRE) -- DMC Global Inc. (Nasdaq: BOOM) today announced the appointment of Eric Walter as chief financial officer. Walter’s appointment will be effective the day after DMC files its 2022 Form 10-K, which is expected on or around February 24, 2023. Walter will succeed CFO Michael Kuta, who has been appointed as DMC’s interim co-CEO with DMC board member David Aldous. Walter joins DMC with more than 30 years of financial experience and spent the past five years with Jacobs (NYSE: J), a $15 billion engineering and professional services firm. From 2020 to 2023, he was CFO of the People & Places Solutions business, Jacob’s largest division with annual revenue of $9 billion. Walter also led the creation of Jacobs’ financial planning and analysis organization, enhanced its management reporting processes and oversaw a global finance organization of more than 800 employees. “Eric is an extremely talented leader who joins DMC with a wealth of relevant financial and management experience,” Kuta said. “He has built and led global finance teams, developed capital allocation strategies and implemented initiatives designed to strengthen free cash flow. He also managed a variety of public-company reporting functions. We’re excited he’s bringing his expertise and enthusiasm to DMC and look forward to collaborating with him.” Previously, Walter was vice president and corporate controller of Veritiv (NYSE: VRTV), a $9 billion packaging, printing and logistics company. He was instrumental in preparing Veritiv for its 2014 initial public offering and led the drafting of the company’s S-1 registration statement. He also established the company’s SEC reporting function and helped implement Veritiv’s Sarbanes-Oxley readiness program. “DMC has a compelling growth strategy and a family of well-run manufacturing businesses that are leaders in their respective markets,” Walter said. “I feel I’m joining DMC at an exciting time in its evolution.” He added, “I’ve thoroughly enjoyed my time with DMC’s leadership team and board members as I’ve grown to know the Company. It’s an impressive organization, and I look forward to contributing to its continued success.” Walter’s financial career also includes 10 years in a variety of financial leadership positions with Unisource Worldwide, a predecessor industrial business t...