Dynamic Materials Appoints Michael Kuta As CFO

(RTTNews) - Dynamic Materials Corp. (BOOM) announced that it has appointed Michael Kuta as chief financial officer. Kuta joins the Company from The Lubrizol Corporation, a global specialty chemicals company owned by Berkshire Hathaway.

Kuta assumes the CFO position from Rick Santa, 63, who has been named senior vice president of business development and, as previously announced, will support CEO Kevin Longe in advancing DMC's corporate growth initiatives and M&A activities.

At Lubrizol, Kuta most recently served as corporate controller. He was responsible for the corporate accounting, consolidation and financial reporting functions of the organization and oversight of internal controls. Prior to Berkshire Hathaway's 2011 acquisition of Lubrizol, Kuta held a variety of financial roles, including managing Lubrizol's quarterly and annual public company filings with the Securities and Exchange Commission.

Kuta, 39, has built and managed financial operations for disbursed global operations, both at Lubrizol and prior employer Lincoln Electric. He also has managed a variety of complex financing transactions and assisted in the development of long-range strategic business unit growth plans.

During his seven years with Lubrizol, Kuta also was finance manager for the company's TempRite Engineered Polymers business unit, manager of treasury and capital markets, and manager of external financial reporting. At Lincoln Electric, he was supervisor of financial reporting.