Simon Bates Appointed to DMC Global's Board of Directors
25 Junio 2024 - 3:20PM
DMC Global Inc. (Nasdaq: BOOM) today announced that its board of
directors has elected Simon Bates as an independent director.
Mr. Bates joins the DMC board with nearly 30
years of leadership experience in the building products industry.
He previously was CEO of Argos North America, one of the largest
U.S. cement and ready-mix concrete producers, from October 2022 to
January 2024, when Argos was sold to Summit Materials. He also
served as president, CEO and director of GCP Applied Technologies
Inc., from October 2020 to October 2022, when the company was
acquired by Saint-Gobain. GCP was a leading global provider of
construction products, including high-performance specialty
construction chemicals and building materials. From April 2017 to
October 2020, Mr. Bates served as president of Infrastructure
Products Group, a division of CRH plc, a publicly traded
manufacturer of building products and materials.
Mr. Bates currently serves as a director on the
board of U.S. Silica Holdings, Inc. (NYSE: SLCA), a global
performance materials company and a leading producer of commercial
silica used in the oil and gas industry and in a wide range of
industrial applications.
“We’re thrilled to welcome Simon to DMC’s
board,” said David Aldous, chairman. “His experience and expertise
in the building products industry will be invaluable as we pursue
strategic initiatives designed to maximize value for DMC’s
stockholders."
The appointment of Mr. Bates satisfies an
obligation pursuant to a cooperation agreement, entered into on
March 14, 2024, between DMC’s board and Bradley L. Radoff and
his affiliate, to appoint a mutually agreed upon independent
director with expertise and experience in the building products
sector.
Mr. Bates will serve as a member of the board’s
Corporate Governance and Nominating Committee, as well as its
Compensation Committee. His appointment increases the number of
directors on DMC’s board to eight.
Mr. Bates earned a bachelor’s degree in
economics from the University of York in England. He also earned
post-graduate degrees in accounting and finance from the University
of Manchester, and a post-graduate degree in marketing from the
University of Salford.
About DMC GlobalDMC Global is
an owner and operator of innovative, asset-light manufacturing
businesses that provide unique, highly engineered products and
differentiated solutions. DMC’s businesses have established
leadership positions in their respective markets and consist of:
Arcadia, a leading supplier of architectural building products;
DynaEnergetics, which serves the global energy industry; and
NobelClad, which addresses the global industrial infrastructure and
transportation sectors. DMC’s businesses are led by experienced,
strategically focused management teams, which are supported with
business resources and capital allocation expertise to advance
their operating strategies and generate the greatest returns. Based
in Broomfield, Colorado, DMC trades on Nasdaq under the symbol
“BOOM.” For more information, visit: http://dmcglobal.com.
CONTACT:Geoff HighVice
President of Investor
Relations303-604-3924
DMC Global (NASDAQ:BOOM)
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