After leading the company through an impressive turnaround over the past two years, Meddah Hadjar, member of the Management Board of SLM Solutions and CEO, will not prolong his contract as CEO of SLM Solutions and will leave the Company at the end of January 2021. Personal circumstances related to his family created a situation that does not allow him to continue to serve as CEO of SLM Solutions.
The Supervisory Board of SLM Solutions has unanimously approved the appointment of Sam O’Leary as the new CEO. Sam joined the Company in December 2019 as COO. His deep experience in the additive manufacturing industry, technologies and applications has been instrumental to SLM Solutions, significantly improving the existing product portfolio as well as all its production-related processes and overseeing the successful development of SLM’s NXG XII 600, currently the world’s most productive powder bed laser fusion system.
“Sam has played an integral part in successfully rebuilding SLM Solutions since he joined the Company. He is highly trusted among employees and customers alike and, as one of the global leaders in the industry, Sam is the best person to drive SLM Solutions’ growth and excellence to the next level” commented Thomas Schweppe, Chairman of the Supervisory Board of SLM Solutions.
In 2020 Sam agreed to extend his Management Board contract until November 2024. In addition to his current portfolio, Sam will permanently take over the responsibilities for Corporate Development, Strategy and HR.
“I’m excited to take over the leadership at such an exciting time for the Company. With the changes to the organization and key processes we have made and the additional strong talent we brought into the Company over the past 18 months, we have been able to put SLM Solutions back on a path of success. Importantly we were able to add the industry-defining NXG XII 600 to our product portfolio. The customer response we have received since its launch has exceeded even our high expectations” said CEO Sam O’Leary.
In terms of further additions to the management team, the Supervisory Board has started a process to find suitable candidates for the role of a Chief Commercial Officer to take over some of Meddah Hadjar’s other responsibilities permanently.
André Witt has been appointed to the Management Board temporarily until a further Management Board member has been appointed. André Witt currently serves as the Company’s General Counsel.
Meddah will remain connected to SLM Solutions by becoming an advisor to the company and, based on the support of SLM Solutions’ largest shareholders and subject to the nomination by the nomination committee of the supervisory board and confirmation by the shareholders’ meeting, it is considered for Meddah to join the supervisory board of SLM Solutions Group AG.
SLM Solutions will publish results for FY 2020 on 25 March 2021. The Management Board reiterates its 2020 guidance provided on 12 August 2020.