Velo3D Adds Stefan Krause to Board of Directors

Velo3D, an additive manufacturing (AM) company for high-value metal parts, has appointed business leader Stefan Krause to the company’s board of directors as audit committee chair.

With more than 30 years of experience, Krause has previously served as a chief financial officer (CFO) at BMW, where he was the youngest ever to hold the position and a member of the management board. Krause then took on a similar role at Deutsche Bank. He also previously served as chairman of Rolls Royce Motorcars, Postbank AG and BHF Bank. He has been in the supervisory boards of Rocket Internet and Allianz AG.

Krause has also been involved with multiple startups during his career and has been CEO and co-founder of electric vehicle maker Canoo. “Stefan’s international business background, his expertise in branding and go-to-market strategy and his deep experience managing public companies make him a welcome and valuable addition to our board as Velo3D prepares for life as a public company,” said Benny Buller, founder and CEO, Velo3D.

Last month, Velo3D announced plans to merge with JAWS Spitfire Acquisition Corporation and become a public company. The company also previously announced a U.S. distribution partnership with GoEngineer, and has said it plans to expand commercial operations in Europe, while establishing strategic partnerships in both Europe and Asia. Current customers include Chromalloy, Honeywell, Lam Research, and Primus Aerospace.

“With truly unique capabilities setting it apart from others in the AM space, Velo3D is actually delivering on 3D printing’s previously unfulfilled promise of innovation and design freedom,” said Krause. “This is due to a relentless focus on pushing the limits of manufacturing technology and helping customers design and build the parts they need without compromise. I’m looking forward to working with Benny and the team to help companies become more agile and innovate faster.”