MELBOURNE, Australia--(BUSINESS WIRE)--Nov 16, 2020--

Titomic Limited (ASX:TTT) (“Titomic”), today announces Norbert Schulze, an industrial veteran with over 40 years’ experience in global defence, manufacturing and automotive industries, has been appointed as interim Chief Executive Officer (CEO). He succeeds Titomic’s founder Jeff Lang, who assumes the role of Executive Director and Chief Technology Officer (CTO) maintaining his role as a Director of the Board. The Board has initiated a search for a permanent CEO.

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Titomic Appoints Interim CEO - Mr. Norbert Schulze (Photo: Business Wire)

Mr. Schulze owns a consulting company advising global defence companies on strategy and growth opportunities and previously served as Senior Executive of Rheinmetall and RENK Group in Europe and Africa which included overseeing sales to Australia.

Titomic Chairman Dr Andreas Schwer, commented:

“Norbert’s an industry veteran with a proven track record working in complex environments and bringing new technologies to clients within global defence and manufacturing industries. His appointment is part of the new Board’s efforts to strengthen the execution of Titomic’s strategic vision and transformation into a global additive manufacturing company and create value for shareholders.

“ On behalf of the Board, I would like to thank Jeff for his contribution as Managing Director and we’re delighted that he will continue as Executive Director of the Board and CTO”.

Interim CEO Norbert Schulze said:

“It’s an honour to accept this position on an interim basis. As a team, Titomic’s employees have worked hard to position Titomic as a leading global additive manufacturing company. Our mission won’t change and I’m committed to driving the transformation, creating value for our shareholders and clients, and fulfilling my role as interim CEO of this outstanding Company.”

Titomic’s Executive Director & CTO Jeff Lang added:

“I welcome the chance to work alongside Norbert to execute the new Board’s vision for commercialisation for all stakeholders. As a Senior Executive, Board member and major shareholder, I’m committed to succeed in my new role and believe in our strategy to position Titomic as a global leader in the additive manufacturing industry. While we have made significant progress in the last few years, we must continue to develop our operations and innovation across the Company.”

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CONTACT: Peter Vaughan

Phone: +61 3 9558 8822

Email:[email protected]

KEYWORD: AUSTRALIA/OCEANIA AUSTRALIA

INDUSTRY KEYWORD: OTHER DEFENSE OTHER ENERGY CONTRACTS MINING/MINERALS ENERGY TECHNOLOGY NATURAL RESOURCES DEFENSE STEEL SATELLITE OTHER TECHNOLOGY AEROSPACE MANUFACTURING

SOURCE: Titomic Limited

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PUB: 11/16/2020 08:30 AM/DISC: 11/16/2020 08:30 AM

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