DMC Global Inc. (Nasdaq: BOOM) announced Michael Kuta will retire as the company’s president, CEO and a member of the board, effective Nov. 29, 2024.
Following Kuta’s retirement, James O’Leary, DMC’s executive chairman, will serve as interim president and CEO of the Broomfield company. “Michael’s dedication and contributions to DMC during the past decade are greatly appreciated,” O’Leary said. “The board of directors and everyone at DMC wish him the best in his retirement.”
Kuta expressed his gratitude, saying, “I would like to express my sincere gratitude to DMC employees and our board for the shared professional experiences over the past 10 years. I look forward to ensuring a seamless transition.”
O’Leary joined the board in November 2023 and brings nearly four decades of executive leadership, finance, capital markets, and board-level experience. He has expertise in the construction and industrial manufacturing industries and serves on the board of Builders FirstSource Inc.
Before joining DMC, O’Leary was chairman of BMC Stock Holdings Inc. prior to its merger with Builders FirstSource in 2021. He was also chairman and CEO of Kaydon Corporation Inc., which was sold in a strategic transaction. His background includes roles as a director, executive and senior adviser at various private equity firms and portfolio companies. O’Leary holds a master of business administration from the Wharton School of the University of Pennsylvania and a bachelor of business administration from Pace University.
DMC Global is an owner and operator of asset-light manufacturing businesses that provide highly engineered products and differentiated solutions.
