Desktop Metal appointed Scott Dussault to its board of directors effective December 18, 2020. Dussault was also appointed to serve as chair of the board’s Audit Committee. Dussault’s appointment follows the recent election of Stephen Nigro to the board of directors effective as of the closing of its recent business combination with Trine Acquisition Corp. on December 9, 2020.
The moves come as Desktop Metal’s stock begins to trade publicly on the New York Stock Exchange. The two new additions to its board strengthen the company’s position a week after it first listed on the NYSE.
Dussault has more than 20 years of operational and financial leadership experience and a track record of success in both public and private technology companies. He has served as EVP, COO, and CFO at Nasuni Corporation, a leading cloud storage provider, since January 2015. Prior to joining Nasuni, Dussault was EVP and CFO at Demandware, where he led the company through its initial public offering, which resulted in a market capitalization of over $3 billion. He also previously held CFO roles at Archivas, Astra Tech, and StorageNetworks. Currently, Dussault serves as an advisory board member at BigCommerce and MotiveMetrics. Dussault holds a B.S. from Stonehill College.
“I have had the pleasure of working with Scott previously as an early stage investor in Dyn and Demandware. Scott brings to our board a wealth of experience leading finance and operational functions at a number of high growth companies, and we are fortunate to have him assume the chair of our Audit Committee,” said Ric Fulop, Desktop Metal’s CEO, co-founder, and Chairman of the board of directors. “I am confident he will provide valuable perspectives as we continue to execute our strategy to enhance value for all Desktop Metal shareholders.”
Nigro has over 38 years of experience starting new businesses and running large at-scale global businesses. He most recently served as President, 3D Printing at Hewlett Packard from 2015 until 2019. Nigro previously served as the Senior Vice President of HP’s Imaging & Printing business leading a global $21 billion business. Currently, Nigro serves on the board of directors of Kornit Digital Ltd. Nigro holds a B.S. from University of California Santa Barbara and an M.S. from Stanford University.
“Stephen is a highly respected and proven leader in the additive manufacturing industry,” said Fulop. “He brings deep technical knowledge and an unmatched understanding of the additive manufacturing landscape to our board. We are excited to have him join us, and we will call on his broad experience launching and scaling HP’s 3D printing business as we advance Desktop Metal’s Additive Manufacturing 2.0 solutions for end-use applications across an array of industries.”
Desktop Metal’s current board of directors consist of Fulop; Leo Hindery, Jr., technology investor, operator and former CEO of Trine Acquisition Corp; Andy Wheeler, General Partner of GV (formerly Google Ventures); Bilal Zuberi, Partner at Lux Capital; Byron Knight, Managing Director of Koch Disruptive Technologies; Dayna Grayson, Managing Partner of Construct Capital and formerly Partner at New Enterprise Associates (NEA); Jeff Immelt, Venture Partner at NEA and former CEO of General Electric Co.; Steve Papa, CEO of Parallel Wireless; and Wen Hsieh, General Partner of Kleiner Perkins Caufield & Byers.