Velo3D Announces Appointment Of Chief Financial Officer
MWN-AI** Summary
Velo3D, Inc. (Nasdaq: VELO), a leader in additive manufacturing (AM) technology, has announced the appointment of James Suva as its new Chief Financial Officer (CFO), effective April 6, 2026. Suva succeeds Bernard Chung, who has served as Acting CFO since the end of December 2025 and will continue his role as Controller. Suva brings over 20 years of capital markets and technology experience to the position, having served as Senior Vice President and Treasurer at Cricut.
The CEO of Velo3D, Arun Jeldi, expressed enthusiasm over Suva’s appointment, highlighting his extensive experience in capital markets and familiarity with the additive manufacturing sector, which are both crucial for advancing the company's strategic goals. Jeldi also acknowledged Chung’s interim leadership, thanking him for maintaining stability during the transition.
Velo3D is recognized for its innovative metal 3D printing technology, which aims to revolutionize aerospace and defense supply chains by enabling the production of high-value metal parts that were previously difficult to manufacture. The company's solutions allow engineers greater design freedom, cutting across sectors such as space exploration, aviation, power generation, energy, and semiconductors.
The firm's fully integrated technology includes the Flow print preparation software, Sapphire printers, and Assure quality control systems, all supported by Velo3D’s Intelligent Fusion manufacturing process. Since delivering its first Sapphire system in 2018, Velo3D has become a strategic partner to major companies like Honeywell and Honda and was recognized as one of Fast Company's Most Innovative Companies in 2024. As Velo3D continues to innovate, the leadership changes indicate a robust strategy aimed at leveraging new financial acumen to propel future growth.
MWN-AI** Analysis
The recent appointment of James Suva as the Chief Financial Officer at Velo3D, effective April 6, 2026, presents an interesting juncture for investors considering the company's future trajectory. With over two decades of capital markets and technology sector experience, Mr. Suva's background, particularly as a Senior Vice President at Cricut, is likely to bring a fresh perspective to Velo3D's financial strategy and operations.
Velo3D is notably positioned within the rapidly advancing field of additive manufacturing, particularly in sectors like aerospace and defense, where innovative manufacturing solutions are crucial. The company's distinct capabilities, such as its Intelligent Fusion technology, enhance its attractiveness to industries that demand high-precision metal parts. This competitive edge could drive revenue growth as market demand for 3D-printed components continues to surge.
Given Mr. Suva’s extensive experience, it is prudent to monitor how his strategic vision aligns with Velo3D’s ambitions. His expertise in capital markets could facilitate better funding opportunities, thus supporting expansions in production and R&D efforts. Additionally, the solid foundation built by the previous acting CFO, Bernard Chung, who will continue in a strategic role, indicates a continuity that is vital during transitional periods.
However, potential investors should remain aware of the risks associated with forward-looking statements made by the company, particularly concerning growth and financial strategy. Velo3D operates in a competitive environment with evolving technologies and inherently carries market risks.
In conclusion, investors looking at Velo3D should consider the positive implications of Mr. Suva's appointment amid industry growth factors, while remaining vigilant about the company's execution on its strategic priorities and inherent market challenges. Keeping an eye on upcoming earnings reports and strategic initiatives will be crucial for assessing the company’s long-term viability and market performance.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
PR Newswire
FREMONT, Calif., March 25, 2026 /PRNewswire/ -- Velo3D, Inc. (Nasdaq: VELO) ("Velo3D" or the "Company"), a leader in additive manufacturing ("AM") technology known for transforming aerospace and defense supply chains through world-class metal AM, today announced the appointment of James Suva as its Chief Financial Officer, effective April 6, 2026.
Mr. Suva replaces Bernard Chung, who has been serving as Acting Chief Financial Officer since December 31, 2025, pending the completion of the Company's search for a permanent Chief Financial Officer. Mr. Chung will continue to serve as the Company's Controller.
Mr. Suva brings more than 20 years of capital markets and technology sector experience, most recently serving as Senior Vice President and Treasurer at Cricut. He will be responsible for the Company's finance, accounting, treasury, and investor relations activities.
"We are excited to welcome Jim as our Chief Financial Officer. He brings extensive capital markets experience and deep additive manufacturing industry expertise that will be critical as we continue to execute on our strategic priorities," said Arun Jeldi, Chief Executive Officer of Velo3D. "I would also like to thank Bernie for his steady leadership and dedication in stepping up as Acting CFO during the transition. We are pleased that he will continue to contribute to the Company's success in his role as Controller."
About Velo3D:
Velo3D is a metal 3D printing technology company. 3D printing—also known as AM—has a unique ability to improve the way high-value metal parts are built. However, legacy metal AM has been greatly limited in its capabilities since its invention almost 30 years ago. This has prevented the technology from being used to create the most valuable and impactful parts, restricting its use to specific niches where the limitations were acceptable.
Velo3D has overcome these limitations so engineers can design and print the parts they want. The Company's solution unlocks a wide breadth of design freedom and enables customers in space exploration, aviation, power generation, energy, and semiconductor to innovate the future in their respective industries. Using Velo3D, these customers can now build mission-critical metal parts that were previously impossible to manufacture. The fully integrated solution includes the Flow print preparation software, the Sapphire family of printers, and the Assure quality control system—all of which are powered by Velo3D's Intelligent Fusion manufacturing process. The Company delivered its first Sapphire system in 2018 and has been a strategic partner to innovators such as Honeywell, Honda, Chromalloy, and Lam Research. Velo3D was named as one of Fast Company's Most Innovative Companies for 2024. For more information, please visit Velo3D.com, or follow the Company on LinkedIn or X.
VELO, VELO3D, SAPPHIRE and INTELLIGENT FUSION, are registered trademarks of Velo3D, Inc.; and WITHOUT COMPROMISE, FLOW and ASSURE are trademarks of Velo3D, Inc. All Rights Reserved © Velo3D, Inc.
Forward-Looking Statements:
This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Words such as "expect," "will," "anticipate," "intend," "plan," and similar expressions identify forward-looking statements. These statements include, without limitation, expectations regarding Mr. Suva's anticipated appointment, his expected role and contributions, and the Company's future growth and financial strategy. These statements involve risks and uncertainties that could cause actual results to differ materially, including those described in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and any subsequently filed reports and its Quarterly Reports on Form 10-Q, filed with the SEC. The Company cautions readers not to place undue reliance on forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements.
SOURCE Velo3D, Inc.
FAQ**
How does Velo3D's recent appointment of James Suva as Chief Financial Officer position the company for future growth, particularly in relation to the Velocity Acquisition Corp. VELO strategy?
In what specific ways does Mr. Suva’s extensive capital markets experience strengthen Velo3D's financial strategy moving forward with the Velocity Acquisition Corp. VELO?
What are the key strategic priorities Veloplans to execute under Mr. Suva's financial leadership in the context of the additive manufacturing sector influenced by Velocity Acquisition Corp. VELO?
How might the transition from Bernard Chung to James Suva as CFO affect investor relations and overall market perception of Velo3D within the Velocity Acquisition Corp. VELO framework?
**MWN-AI FAQ is based on asking OpenAI questions about Velocity Acquisition Corp. (NASDAQ: VELO).
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