Xometry Strengthens Leadership with New Appointment
Xometry recently announced an exciting addition to its Board of Directors with the appointment of Roy Azevedo, a seasoned leader with extensive experience in global manufacturing and supply chain management. His noteworthy past includes significant roles at Raytheon Technologies, where he was the president of the Space and Airborne Systems and Intelligence and Space business units.
Roy Azevedo: A Proven Executive
With a career spanning over three decades at Raytheon, Azevedo has garnered a wealth of expertise that he is now set to bring to Xometry. His insights into engineering and manufacturing processes are expected to play a pivotal role as Xometry expands its reach internationally.
Vision for Digital Transformation
Azevedo's career has been characterized by a commitment to digitizing product lifecycles. He has consistently advocated for advancements in engineering, design, production, and delivery. His appointment signifies Xometry's ambition to leverage such innovations to enhance operational efficiencies and service delivery.
Insights from Leadership
Randy Altschuler, CEO of Xometry, expressed his confidence in Azevedo's capabilities, stating, "Roy's deep engineering background and his experience in global manufacturing and supply chain management make him an invaluable asset to our board." Altschuler emphasized that Azevedo's understanding of digitization will be crucial in navigating the challenges of scaling the company.
A Forward-Thinker for Global Operations
Azevedo remarked on Xometry's impressive trajectory and the opportunities that lie ahead. He highlighted the importance of integrating digital solutions throughout the product lifecycle, aligning perfectly with Xometry's mission to facilitate the digital transformation of the manufacturing sector. He anticipates collaborating closely with the management team to capitalize on growth opportunities.
Engineering Background and Leadership Roles
A graduate of Northeastern University's College of Engineering, Azevedo earned his Bachelor of Science in Electrical Engineering. His impressive resume includes several leadership roles at Raytheon, most notably as president over the key business units where he drove innovation and operational improvements.
Xometry's Role in Manufacturing Innovation
Xometry operates a two-sided marketplace that is essential to the digital transformation of the manufacturing industry. It provides manufacturers with sophisticated tools that shorten development cycles, enhance efficiency, and create resilient supply chains. Integral to its operations is the Xometry Instant Quoting Engine, which utilizes vast data resources to provide real-time insights and effective supplier matches.
Commitment to Growth and Innovation
As Xometry continues to evolve, the integration of advanced technologies, including AI and machine learning, will remain at the forefront. This approach ensures that the company is well-positioned to meet the varied needs of its growing customer base across diverse industries.
About Xometry
Xometry, trading under the ticker XMTR, is making waves in the manufacturing world with its commitment to digital solutions. Its extensive suite of services is designed to empower manufacturers and improve procurement processes in an increasingly complex environment.
Contact Information
Media Contact:
Matthew Hutchison
Global Corporate Communications
Matthew.Hutchison@xometry.com
Investor Contact:
Shawn Milne
Investor Relations
240-335-8132
Shawn.Milne@xometry.com
Frequently Asked Questions
Who is Roy Azevedo?
Roy Azevedo is the newly appointed member of Xometry's Board of Directors, with a storied career at Raytheon Technologies.
What expertise does Azevedo bring to Xometry?
Azevedo brings extensive experience in engineering, global manufacturing, and supply chain management.
Why is digitization important for Xometry?
Digitization enhances operational efficiency, drives growth, and supports resilient supply chains in the manufacturing sector.
What is the Xometry Instant Quoting Engine?
This is a proprietary tool that leverages data to provide manufacturers with real-time quotes and supplier matches.
How can I find out more about Xometry?
Visit www.xometry.com for more information about their services and innovations in manufacturing.
