COVID-19  April 16, 2020

DMC Global division president steps down

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BROOMFIELD — John Scheatzle, president of DMC Global Inc.’s (Nasdaq: BOOM) NobelClad division, has resigned, according to a company news release.

The firm operates two business units: DynaEnergetics, DMC’s oilfield products business, and NobelClad, the company’s composite-metals business.

DMC Global did not provide a reason for Scheatzle’s departure other than that he is “pursu[ing] a new career opportunity.”

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His resignation comes during a period of contraction for DMC’s workforce. In late March, the firm laid off 264 employees to stay afloat amid oil industry headwinds such as decreasing global oil prices and the decreasing demand fueled by the novel coronavirus crisis.

Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
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