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Titomic chairman retires, new directors appointed

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Australian metal additive manufacturing company Titomic is changing up its Board of Directors, with the announcement that its current Chairman, Philip Vafiadis, is retiring. Titomic Founder Jeff Lang has been appointed as Interim Executive Chairman, while the company has also added two new members to its Board of Directors: Dag W.R. Stromme and Humphrey Nolan.

Philip Vafiadis has held the distinguished position of Chairman of Titomic since September 2017, before the company’s launch on the ASX. Though he is preparing to retire, he will remain a strategic advisor to the Australian company through a two-year consulting agreement. Jeff Lang will stand in until a new Chairman of the Board is appointed.

Titomic Chairman retires
Philip Vafiadis, Chairman of Titomic, has announced his retirement

“We are delighted to have attracted to Titomic the calibre of Mr Stromme and Mr Nolan as new Directors,” said Lang. “Both have a proven record of implementing company growth with their extensive international experience working with emerging technologies and commercial strategy in global markets. They also bring deep corporate and technical skills to the Titomic Board that will be invaluable as we advance our global expansion.”

Dag W.R. Stromme, who will officially become a non-executive director on July 1, 2020, has gained significant experience over the past 30 years from successful private ownership and leading financial institutions, such as Morgan Stanley. He will bring to Titomic his knowledge of global financial markets, as well as a broad global network. The new director currently holds 784,274 fully paid ordinary shares in Titomic, and sits on several board of directors in public and private companies. He is primarily interested in advancing companies in Healthcare and Technology that are seeking to solve global challenges.

“I am always eager to pursue opportunities which provide technology enabled solutions and address global challenges,” he said. “Titomic’s disruptive additive manufacturing technology has an important role to play in making traditional manufacturing much more resource efficient and I look forward to contributing to the further advancement and global expansion of Titomic’s business.”

Humphrey Nolan will also officially join Titomic’ board of directors on July 1. He has three decades of experience in driving strategic and operational change across industrial, logistics and distribution industries, and has held many senior and leadership positions with global logistics companies, including P&O Group. Today, Nolan is the Chairman of the Nolan Group and Tapex Group, which distribute technical and industrial textiles and have operations across Australia and New Zealand.

Nolan commented: “With changes to global supply chains, Titomic is well positioned to provide time and cost-efficient solutions to discrete manufacturing applications across key industries. I am looking forward to being able to support Titomic in realizing these opportunities.”

Earlier this year, Titomic announced a series of partnerships, including with Airbus to deliver a series of 3D printed demonstrator components, as well as with U.S. defense company Triton and aerospace tooling leader Ascent.

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