DMC Global CFO to retire, search for successor begins

BROOMFIELD — Michael Kuta, chief financial officer at oilfield services provider DMC Global Inc. (Nasdaq: BOOM), is retiring but will remain with the company into 2023 in order to provide a smooth transition.

The company has hired an executive recruiting firm to lead the search for a new CFO. 

“Mike is a valued partner who has played a pivotal role in the transformation of DMC during his more than eight years as CFO,” DMC CEO Kevin Longe said in a prepared statement. “He was instrumental in the restructuring and consolidation of our global businesses, the modernization of our manufacturing infrastructure, and our investments in groundbreaking technologies and products that have fueled our growth. Mike developed the financing structure and strategy for last year’s acquisition of a controlling interest in Arcadia. He also has built a world-class finance and accounting team to support DMC and its businesses. I am extremely grateful he has offered to stay on for an extended transition period.”

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