VulcanForms, a MIT-born company that builds and operates advanced digital manufacturing infrastructure, today announced the appointment of Dr. Philip Garton as its Chief Financial Officer.
Dr. Garton is a seasoned finance executive with more than three decades of experience at global organizations. As the CFO of Shoals Technologies Group, Philip helped lead the organization through the largest renewable energy IPO in history, raising over $1.9 B. He also successfully served as CFO at several other private equity backed companies, including but not limited to Springs Window Fashions, JM Swank, Lincoln Industrial Corporation, and Purdy Brush. In addition, Philip has led finance for major international divisions of Honeywell and Vallourec SA. He started his career at Coopers & Lybrand. Philip is an actively licensed Certified Public Accountant and holds a Doctor of Business Administration from the University of Florida's Warrington College of Business, an MBA from the Johnson School of Management at Cornell University, as well as an MBA, BBA and BA all from Southern Methodist University in Finance, Accounting and Economics respectively.
"Philip's proven track record in delivering results and creating value at large, global organizations will be instrumental as VulcanForms scales its digital production infrastructure and as the company's customer base and revenue continue to grow rapidly," said Martin C. Feldmann, Co-Founder, President, and CEO of VulcanForms. "Philip's background and expertise are an ideal fit to support our business objectives and deliver massive returns for our shareholders."
"In my 27 years of experience as a CFO of multiple companies, the one area that I have enjoyed the most is advanced manufacturing. With the renewed American focus on reshoring of manufacturing, it was very clear to me on where I wanted to focus next and that is the reason why I decided to join VulcanForms," said Philip. "With the best technology stack and a fully integrated manufacturing approach, VulcanForms completely derisks the end-users, eliminates friction and offers a scalable long-term solution for its customers. It's an exciting time to reshape American manufacturing and I see VulcanForms leading the way."
After announcing the launch of its first two digital production facilities in July 2022, VulcanForms has been working to more than quadruple its production throughput at VulcanOne, the world's highest throughout laser metal additive foundry. The Devens, Mass. additive foundry is powered by a fleet of VulcanForms' 100-kilowatt class laser printing systems. The Newburyport, Mass. facility, focused on automated precision machining and assembly operations, expects to double its production capacity while tripling its throughput within the next 12 months.
VulcanForms provides end-to-end digital manufacturing solutions to deliver engineered components and assemblies to customers in the medical, aerospace, defense, and semiconductor industries, among others. With a combination of additive manufacturing, subtractive manufacturing, digital engineering, post-processing, assembly and inspection services, VulcanForms enables customers to accelerate product innovation at unprecedented speed and scale.
VulcanForms builds and operates advanced digital infrastructure enabling the world's critical industries to innovate, grow, and deliver sustainable impact. Founded in 2015 by Martin C. Feldmann and Professor John Hart, of MIT, VulcanForms invented and commercialized the world's first industrially scalable laser metal additive manufacturing (AM) solution and pioneered integrated digital production systems. The company has grown to more than 300 employees and has attracted world class engineering, operations, and commercial leaders from Google, General Electric, Pratt & Whitney, Precision Castparts, IPG Photonics, Alcoa, and Autodesk, among others. VulcanForms has raised $355M in funding to date and its investors include Eclipse Ventures, Stata Venture Partners, Fontinalis Partners, D1 Capital Partners, Standard Investments, Atlas Innovate, Boston Seed Capital, Industry Ventures, and the Simkins Family. For more information, visit www.vulcanforms.com/.
These press releases may also interest you