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3D Metalforge (ASX:3MF) appoints new Chief Financial Officer

ASX News, Materials
ASX:3MF
06 January 2022 14:09 (AEST)
3D Metalforge (ASX:3MF) - Incoming CFO, Srikrishnan Vaidyanathan

Source: Srikrishnan Vaidyanathan / LinkedIn

Additive manufacturing company, 3D Metalforge (3MF) has appointed a new Chief Financial Officer.

With over 28 years of experience in the industrial and engineering sectors, Srikrishnan (Sri) Vaidyanathan is said to bring a broad skill-set spanning financial management, operations and strategic execution.

Most recently, Sri was regional CFO Asia Pacific for Perth-based Altrad which is a provider of industrial services to the oil and gas, mining, minerals, chemical and power sectors.

During this time, the company reportedly achieved five-fold revenue growth and a $15 million decrease in annual overheads.

Sri also held the position of Financial Controller at construction engineering company AusGroup, and also at global shipbuilding company Austal.

3D Metalforge CEO, Matthew Waterhouse, said Sri’s broad financial management and commercial expertise in the Australian market will be extremely valuable to the company as it focuses on delivering its longer-term growth strategy.

Sri will be based in the company’s Perth office to be close to its Australian focus and investment community.

Outgoing CFO, Harry Heng, will take a new position covering Strategic Development within the company. Mr Waterhouse thanked Mr Heng for his hard work and support in the role.

Shares were trading 4.76 per cent lower at 10 cents at 2:00 pm AEDT.

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