3D Systems announced the addition of two new members to the Company’s Board of Directors. In line with the Company’s strategy and focus on vertical applications, Charles G. McClure, Jr. and Jeffrey Wadsworth bring invaluable expertise and executive leadership experience within key verticals.
“We are very pleased to welcome Chip and Jeff to our Board of Directors,” said Wally Loewenbaum, 3D Systems’ Chairman. “They bring a wealth of strong experience in automotive and aerospace and defense verticals which we expect will further enhance the range of skills and expertise within our Board of Directors.”
Mr. McClure has more than 35 years of experience in the automotive industry, including strong leadership in industrial operations, manufacturing and international business. Since 2014, he has served as a Managing Partner of Michigan Capital Advisors, a private equity firm that invests in Tier 2 and 3 global automotive and transportation suppliers. Prior to founding Michigan Capital Advisors, Mr. McClure served as Chairman of the Board, CEO and President of Meritor, Inc.; CEO, President and member of the Board of Federal Mogul Corp.; and President, CEO and member of the Board of Detroit Diesel. He joined Detroit Diesel after 14 years in a variety of management positions with Johnson Controls, including Vice President and Managing Director of the company’s European and South African operations and President of the company’s Americas region. He also previously held management positions at Hoover Universal and Ford as a heavy duty truck sales engineer and field service engineer. Mr. McClure currently sits on the Boards of DTE Energy and Penske Corporation. He brings broad experience in operations and executive management and significant expertise in the automotive industry, a key vertical for the Company.
Dr. Wadsworth is an experienced scientist, researcher and technology executive with decades of experience in defense and technology industries. Since 2009, Dr. Wadsworth has served as President and CEO of Battelle, the world’s largest independent research and development enterprise. He formerly was Executive Vice President, Global Laboratory Operations at Battelle; Director of Oak Ridge National Laboratory; Director of Homeland Security Programs at Battelle and part of the White House Transition Planning Office; Chief Executive Officer and President of UT-Battelle LLC; and Senior Vice President for U.S. Department of Energy Science Programs at Battelle during his 16 years with Battelle. Prior to that, Dr. Wadsworth served as the Deputy Director for Science and Technology at the Lawrence Livermore National Laboratory and was with Lockheed Missiles and Space Company, Research and Development Division. Dr. Wadsworth currently serves on the board of directors of Carpenter Technologies and on the board of trustees at The Ohio State University. Dr. Wadsworth brings to our Board a strong background and leadership in research, including materials science, government relations and aerospace and defense, particularly with respect to innovation and strategy matters.
“The addition of Mr. McClure and Dr. Wadsworth to our Board reinforces our commitment to enhance management and the Board in line with our customer centric strategy to drive profitable growth through focused execution,” said Vyomesh Joshi (VJ), 3D Systems’ President and CEO. “We expect that their broad, global experience and deep knowledge of targeted industries will be a valuable addition to our Board.”