Form Technologies Appoints Mike Grunza as Chief Executive Officer

CHARLOTTE, N.C., March 5, 2020 /PRNewswire/ -- Form Technologies is pleased to announce the appointment of Mike Grunza as the organization's next Chief Executive Officer. Mike Grunza most recently served as the Chief Executive Officer for GKN Aerospace, Aerostructures North America Division, in addition to having previously served in many senior management roles across multiple business units at GE, including GE Power and GE Aviation. He holds both an MBA and a degree in mechanical engineering from the University of Delaware. Mike succeeds Simon Newman, the Company's former Chief Executive, who stepped down from his role as CEO at the end of 2019. Newman remains on the board as a director.

"After completion of a comprehensive search process, the board is pleased to have found the best candidate to assume leadership of this world-class organization," said John Williams, chairman of Form Technologies' board of directors. "Mike has an exceptional track record of driving results in complex, engineering-focused industries within the manufacturing space, and we look forward to the continued growth of the Form Technologies platform under his leadership."

Form Technologies is a leading global producer of precision-engineered solutions, providing customized components with complex geometries and tight tolerances that are critical to their customers' end-market products. The Company produces over five billion high precision components each year across a variety of proprietary processes leveraging its engineering expertise and global scale to solve customers' most demanding challenges.

Form Technologies was established on the back of the long history of success and innovation of its first division, Dynacast. Today, Form Technologies combines three world-leading precision component manufacturers in their respective end-markets. Dynacast delivers precision-engineered die cast components, Signicast delivers investment cast and prototype components, and OptiMIM delivers metal injection molding components. Form Technologies operates 28 manufacturing facilities in 19 countries, with two additional sales offices and over 8,800 employees. Form Technologies is owned by a group of three private equity investors, consisting of Partners Group, a global private markets investment manager investing on behalf of its clients, Kenner & Company, and American Industrial Partners.

Contact: Carly East, 980-297-7353

SOURCE Form Technologies, Inc.