Jeff Immelt, former chief executive of General Electric, has joined the board of 3-D metal printing startup Desktop Metal, bringing the knowledge gained from pushing the industrial behemoth into additive manufacturing.
Immelt, 62, who retired as chairman of GE last October after stepping aside as CEO the previous June, is currently a venture partner at New Enterprise Associates, which first invested in Desktop Metal in 2015. The Burlington, Massachusetts-based company is an innovator in 3-D metal printers, and is currently pre-selling its production machine that can mass produce 3-D-printed metal objects and parts to manufacturers of all stripes. While 3-D printing has long been used for prototyping, its real promise is in its ability to mass produce large volumes more efficiently and at lower cost.
"He's a huge believer in additive," says Desktop Metal CEO and cofounder Ric Fulop of Immelt. "It's really great to have someone who has been around the block before."
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