DELAND, Fla., May 03, 2018 (GLOBE NEWSWIRE) -- ARC Group Worldwide, Inc. (“ARC” or the “Company”) (NASDAQ:ARCW) today announced that Drew M. Kelley, Interim Chief Executive Officer, will resign from the Company on May 10th, 2018. Alan Quasha, Chairman of the Board of Directors of ARC, will assume the dual roles of Chairman and Chief Executive Officer with immediate effect.
Alan Quasha said: “The Board and I appreciate all of the work Drew has done towards the improvement of ARC over the past year and in his previous role as Chief Financial Officer. Drew has completed his primary task of helping ARC right-size its cost structure and has found a significant new opportunity. We are pleased to have had Drew’s important contributions during this critical time, and we are happy that he has found a great new home. We wish him all the best.”
About ARC Group Worldwide
ARC Group Worldwide, Inc. is a global advanced manufacturing and metal 3D printing service provider focused on accelerating speed to market for its customers. ARC provides a holistic set of precision manufacturing solutions, from design and prototyping through full run production. These solutions include metal injection molding, metal 3D printing, metal stamping, plastic injection molding, clean room injection molding, thixomolding, and rapid and conformal tooling. Further, ARC utilizes technology to improve automation in manufacturing through robotics, software and process automation, and lean manufacturing to improve efficiency.
