- Titomic (TTT) has seen its board of directors shuffled
- Titomic’s Chief Executive Officer, Herbert Koeck has been appointed Managing Director of the company
- Meanwhile, Andreas Schwer has advised the company that he will step down as Chairman, to be replaced by current Titomic director, Humphrey Nolan
- The changes follow the stepping down of Non-Executive Director, Richard Fox, from the board in December 2021
- Titomic shares are trading in the grey at 28 cents
Titomic (TTT) has seen its board of directors shuffled.
Titomic is an Australian company specialising in large, integrated solutions for industrial-scale metal additive manufacturing, using its cold spray additive manufacturing technology.
The company offers its services to the global aerospace, defence, shipbuilding, oil and gas, mining and automotive industries.
Titomic’s Chief Executive Officer, Herbert Koeck has been appointed Managing Director of the company.
TTT said Herbert Koeck’s appointment underlines the board’s confidence in his leadership, as well as demonstrated ability to implement the business’s commercialisation strategy.
Meanwhile, Andreas Schwer has advised the company that he will step down as Chairman. He attributed the move to his increasing commitments outside of Titomic but will continue as a Non-Executive Director of the company.
Stepping into the role of Chairman is Humphrey Nolan. The Sydney-sider has been director of the company since July 2020.
The changes follow the stepping down of Non-Executive Director, Richard Fox, from the board in December 2021. Despite retiring, Richard Fox has agreed to continue a close relationship with Titomic, and is continuing to chair the company’s Technical Advisory Committee.
Titomic shares were trading in the grey at 28 cents at 10:50 am AEDT.