German metal 3D printing company SLM Solutions Group AG received 13 million euros (approximately 97.763 million yuan) in investment from major shareholders Elliott and ENA Investment Capital. This funding will continue to further promote the company's business growth and development projects.
At the same time, the Supervisory Board of SLM also announced a new appointment-Meddah Hadjar will join the company as CEO on May 1, 2019. Meddah Hadjar has held key leadership positions in General Aviation's aviation, oil and gas, and power and energy businesses, and has extensive international experience in product management, additive manufacturing, and engineering.
In addition, three current members of the Supervisory Board have announced their retirement or indicated that they will not be eligible for re-election in June: Peter Grosch, Lars Becker and Bernd Hackmann. Michael Mertin, Magnus René and Thomas Schweppe were recommended to join the supervisory board.