Arcam CEO, Magnus Rene, and CFO, Johan Brandt have both decided to terminate their employment contracts and will leave the metal additive manufacturing company in 2018.
Rene, who has held the CEO position at Arcam for 16 years, will leave on June 3rd at the latest, per his notice period, or as soon as Arcam appoint a replacement. Similarly, Brandt, who has been CFO since 2012, will remain in the position until April 30th, or until the company fills the role.
Both leave with the company’s blessing having each contributed to Arcam’s growth in recent years and the subsequent investment from GE Additive just over a year ago.
“Magnus René has with energy and decisiveness built Arcam to a leading company in the additive manufacturing sector. He has, together with his team, customers and partners worldwide, developed the company from a start-up to a global industry. Magnus has also been instrumental in bringing Arcam into its new future with GE as an owner,”said Göran Malm, Chairman of Arcam, in a company press release. “Johan Brandt has, as CFO and deputy CEO, built the structure of the company and thereby facilitated our growth and globalisation. Johan has with his leadership and his team developed first class management of Arcam’s and our subsidiaries financial functions.”
“I have had a fantastic journey, being part of the team building Arcam during those 16 years. Today, Arcam is well positioned, with a great team, world-class products, strong leadership in our companies and a strong cash position after the recently concluded share issue. With GE as majority owner this is a good time for me to move on and for a new CEO to take over and develop the company in the new environment,” commented Magnus René, President and CEO.
