Shapeways Appoints Finance Industry Veteran Alberto Recchi as New CFO Recchi to Remain on Board of Directors
NEW YORK, September 16, 2022–(BUSINESS WIRE)–Shapeways Holdings, Inc. (NYSE: SHPW) (“Shapeways” or the “Company”), an industry leader in large-scale and rapidly growing digital manufacturing, today announced today the appointment of Alberto Recchi, currently an independent member of the company’s Board of Directors, as Chief Financial Officer, effective October 1, 2022. Mr. Recchi, who will remain on the Board, brings nearly two decades of experience in corporate finance, mergers and acquisitions, and debt and equity capital markets, both in the United States and in Europe. He will lead the finance organization and will additionally be responsible for business development and investor relations. Mr. Recchi succeeds Jennifer Walsh who will leave the company by the end of the year after supporting the transition from the role of chief financial officer.
Greg Kress, CEO of Shapeways, said, “I am delighted to have Alberto join the leadership team as Chief Financial Officer as we continue to execute on our growth initiatives and strengthen our leadership team with others. talented and experienced. member and investor, Alberto has a deep understanding of the digital manufacturing industry, our business and our strategic growth plan. He also has a proven track record in financial transactions, capital markets and relationship expertise. with investors, as well as a commitment to creating sustainable value for our shareholders.”
Mr. Kress continued, “Jennifer helped lead multiple functions, drive results and navigate Shapeways’ IPO process, while building a strong finance team and function. I am extremely grateful for her contributions and delighted that she is working with us to fully support a smooth transition to CFO before she leaves the company. On behalf of the Board of Directors and Shapeways, I would like to thank her for her many contributions and wish her well possible success in his future endeavours.”
Alberto Recchi commented, “I am incredibly excited to join Shapeways’ leadership team at an important time in the evolution of the business. My belief in the opportunity for Shapeways is stronger than ever, as Shapeways is uniquely positioned to benefit from the global tailwinds that are creating demand. for digital manufacturing. I look forward to bringing my experience to help grow the existing platform the team has established and create long-term sustainable value for all stakeholders. »
Mr. Recchi began his career as an aerospace engineer at Agusta, currently known as Leonardo Helicopters. In 2001 he left Italy to embark on his career in the financial sector which spanned nearly two decades on Wall Street and the City of London. He spent 12 years at Credit Suisse advising US and European private equity funds on a wide range of transactions, including LBOs, recapitalizations, equity offerings and mergers and acquisitions. After leaving Credit Suisse, he served as Managing Director of a US-based cross-border co-investment platform and merchant bank. Prior to joining Shapeways’ Board of Directors, Mr. Recchi served as Chief Financial Officer and Board Member of Galileo Acquisition Corp.
Mr. Recchi holds undergraduate and graduate degrees in Aerospace Engineering from Politecnico di Torino, Italy, an MBA from Columbia Business School as well as a Masters Certificate in Mergers and Acquisitions from by the New York Institute of Finance. Mr. Recchi is NACD Directorship Certified® and holds certifications in Fundamentals of additive manufacturing of ToolingU-PME and in Additive manufacturing for innovative design and production from MIT.
Shapeways is a leader in the vast and rapidly growing digital manufacturing industry, combining flexible, high-quality on-demand manufacturing powered by purpose-built proprietary software that enables customers to quickly turn digital designs into physical products. , in the whole world. Shapeways makes industrial-grade additive manufacturing accessible by fully digitizing the end-to-end manufacturing process and providing a wide range of solutions using 11 additive manufacturing technologies and approximately 100 materials and finishes, with the ability to easily adapt new ones. innovations. To date, Shapeways has shipped over 23 million parts to 1 million customers in over 180 countries. To learn more, please visit https://www.shapeways.com.
Special note regarding forward-looking statements
Certain statements included in this press release are not historical facts and are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally accompanied by words such as “believe,” “can”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “should”, “should”, “plan” , “predicted”, “potential”. seem’, ‘seek’, ‘future’, ‘prospects’ and similar expressions which predict or indicate future events or trends or which are not statements of historical matters. All statements, other than statements of present or historical facts included in this press release, regarding the Company’s strategy, future operations, the impact of recent acquisitions, prospects and prospects are forward-looking statements. These statements are based on various assumptions, whether or not identified in this press release, and management’s current expectations and are not predictions of actual performance. These forward-looking statements are provided for informational purposes only and are not intended to be relied upon and should not be relied upon as a guarantee, assurance, prediction or definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from the assumptions. Many actual events and circumstances are beyond the Company’s control. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, financial, geopolitical, legal and market conditions, including supply chain disruptions and pressures inflationary; failure to realize the anticipated benefits of acquisitions; difficulties in integrating acquired companies; its ability to retain customers of acquired companies or otherwise expand its customer base; the risk that Shapeways has a history of losses and may not achieve or maintain profitability in the future; the risk that the Company faces significant competition and expects to face increasing competition in many respects; the risk that the digital manufacturing industry is a relatively new and emerging market and it is not certain that it will gain widespread acceptance; the risk that the Company’s new and existing solutions and software may not achieve sufficient market acceptance; loss of key personnel; failure to timely and effectively scale the Company’s platform; the ability to move the Company’s manufacturing capabilities without interruption or delay; and the factors discussed under “Risk Factors” in Shapeways’ most recent Form 10-K, most recent Form 10-Q and other documents Shapeways has filed or will file with the SEC. Should any of these risks materialize, or should the Company’s assumptions prove incorrect, actual results could differ materially from the results implied by such forward-looking statements. There may be additional risks not currently known to the Company, or that the Company currently believes to be immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect the Company’s expectations, plans or forecasts regarding future events and views as of the date of this press release. The Company anticipates that subsequent events and developments will cause its assessments to change. However, while the Company may choose to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed on forward-looking statements.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20220916005521/en/