Australian metal additive manufacturing company Titomic Limited announced the extension of Herbert Koeck’s contract as managing director for an additional term of at least 12 months, potentially extending to two years.
In his role, Koeck has played a crucial role in guiding the company’s transition from a research and development-focused entity to a robust commercial enterprise, the company said in an ASX announcement.
Under his leadership, Titomic has gained substantial interest in its Cold Spray Additive Manufacturing (CSAM) technology, known as Titomic Kinetic Fusion, particularly for manufacturing solutions and repair and maintenance across various industrial sectors such as aerospace, glass manufacturing, defence, mining, oil & gas, automotive, and maritime.
Titomic’s revenue has experienced significant growth as the company continues its commercialisation journey and expands its presence into Europe, the United States, Asia Pacific, and other global markets.
Koeck, who joined Titomic in July 2021, brings a wealth of experience from his previous role in the executive management team of 3D Systems Corporation, a global leader in 3D printing solutions.
As the executive vice-president of Global-Go-To-Market, he was instrumental in overseeing sales and global orders, influencing product development for customer success.
Before this, Koeck held key roles at Hewlett Packard, including Managing Director for Europe, the Middle East, and Africa, as well as Senior Vice-President for the PC and Printing Solution Group.
Titomic’s Chair of the Board Dag W.R. Stromme expressed his confidence in Herbert Koeck’s leadership during the phase of commercialisation and growth, emphasising Koeck’s proven leadership, extensive experience in additive manufacturing, business vision, and ability to unite people.
“Herbert is a proven leader with deep additive manufacturing experience, business vision, and ability to bring people together,” Stromme remarked.
In response, Koeck conveyed his privilege to continue leading the transformative work initiated by the dedicated team at Titomic.
He stated, “The opportunities ahead of Titomic are vast, but to seize them we must continue to focus, build robust process, and move fast.”
“I look forward to continuing our endeavours with our investors and customers in commercialising cold spray and maximising business outcomes for our company,” Koeck said.
Titomic said the reappointment of Herbert Koeck as managing director reinforces the company’s strategic vision and trajectory, signifying shareholders’ trust in Titomic’s dedication to maintaining a focused strategy.
Alongside Herbert Koeck, the Titomic Board of Directors remains composed of Chairman Dag W.R. Stromme, a former Morgan Stanley managing director and private equity executive; Dr Andreas Schwer, the current CEO of EOS and former CEO of SAMI; Humphrey Nolan, a seasoned Board Director and CEO with three decades of experience in industrial, logistics, and distribution industries, including senior leadership roles at P&O Group.
Also included in the board is Mira Ricardel, principal and head of Geopolitical & Regulatory Risk Practise at The Chertoff Group and former White House official; and business executive Richard Willson, an experienced ASX Director, CFO, and Company Secretary with over 20 years in finance and directorship roles, predominantly in the resources and agricultural sectors.
