Fathom Digital Manufacturing chief executive officer
Ryan Martin is stepping down after nearly five years and
Carey Chen will take his place as head of the Hartland-based company.
Martin's last day with Fathom will be Oct. 31, according to an Oct. 23 SEC filing. When reached Tuesday, Martin declined to comment on his departure from the company.
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Carey Chen[/caption]
“On behalf of the entire board, I would like to thank Ryan Martin for his leadership and the numerous contributions he made in helping Fathom grow into an industry leader," said
TJ Chung, chairman of Fathom’s board of directors. "We wish him well in his future endeavors.”
Chen, who most recently served 10 months as president of Ohio-based management consulting firm Altix Corp., has been a member of Fathom’s board since the company
went public in 2021 and has also served as a director of Fathom’s predecessor companies dating back to 2019. He will receive an initial base salary of $500,000 and a $100,000 sign-on cash bonus, according to the SEC filing. In 2024, Chen will become eligible for a bonus opportunity worth 100% of his base salary if a series of initial targets are met.
Chen's past roles include CEO of Cadrex Manufacturing Solutions and Incodema Holdings LLC, and executive chairman and president of Cincinnati Inc. During his time at Cincinnati Inc., Chen led the launch of the then-largest 3D printer in the world. He has also served on the board of New Valence Robotics Corp. and Digital Alloys Inc., two additive manufacturing startups from the Massachusetts Institute of Technology specializing in plastic and metal 3D printing systems.
"The on-demand digital manufacturing services space continues to evolve," said Chen in a statement. "We have a significant market opportunity to further develop emerging technologies and pioneer new standards in on-demand digital manufacturing with 3D printing services, metal cutting, CNC machining, injection molding, amongst other capabilities to further meet and exceed our customers’ needs. I am energized and excited to work with Fathom’s talented team and help take the Company to even greater heights.”
Fathom was started in 1984 as Midwest Composite Technologies but rebranded as Fathom in 2019 after the acquisition of Kemeera.
