WD Lab Grown Diamonds Promotes Mike Grunza to CEO
BELTSVILLE, Md.--(BUSINESS WIRE)--Dec 15, 2022--
WD Lab Grown Diamonds (“WD”), a leading producer of large, ultra-high-quality laboratory grown diamonds for the jewelry, scientific and industrial markets has promoted Mike Grunza to CEO as part of WD’s leadership succession plan.
“I’m excited to leverage our operational and innovative excellence with the WD team and accelerating our positions in the diamond luxury and diamond electronics markets,” said Mike Grunza. “I’m looking forward to both expanding our capabilities in existing markets as well as exploring the boundaries for our diamonds’ application in industrial markets.”
Grunza previously served as CEO of Form Technologies, a Charlotte, N.C., global process engineering and materials forming company since 2020. A veteran of General Electric Aviation and GE Power and Water, he has deep technical & software acumen and a depth of experience in metals and materials businesses. Grunza has served on WD’s board since 2020 and Interim President since August 2022.
“Over the last two years, the Huron Capital team has been impressed with every aspect of Mike’s acumen in the space, his relationships, and his vision for WD,” said Brian Walker, Partner with Huron Capital Partners. “Mike’s leadership will support our ambition in both the diamond luxury and diamond electronics markets and our team has already benefited from his operational and financial performance optimization experience. He is the natural successor to Sue Rechner.”
“After 3 years of leadership and positioning the company for its next stage of growth, Sue sought to retire. The board is thankful to Sue for her leadership and commitment to the business. We wish her well in her retirement.,” said Mike Beauregard, Senior Partner with Huron Capital. “I am highly confident that this team is on a path to capture its potential and drive a generation of growth.”
About Huron Capital
Huron Capital brings a people-first and thematic approach to private equity investing in secularly relevant and fragmented sectors of the North American services industry. We pride ourselves on an unwavering commitment to candor, trust, accountability, and transparency in our relationships with management teams, investors, advisors, and employees.
Founded in Detroit in 1999, we partner with entrepreneurs and management teams, empowering their companies to new levels of excellence. We provide resources to help companies grow by professionalizing operations, improving service offerings, executing M&A strategies, and accessing new markets.
Huron Capital has managed over $1.8 billion on behalf of a global institutional investor base. We fulfill our commitment to all stakeholders by employing a repeatable playbook to drive thoughtful value creation, showcased in over 250 acquisitions since the firm’s inception.
About WD Lab Grown Diamonds
Based in the Washington D.C. area and founded in 2008, WD Lab Grown Diamonds is a market leader in Chemical Vapor Deposition (CVD) diamonds, with its diamonds certified by the International Gemological Institute, among other labs. The Company also offers new technologies and applications for diamonds in industrial settings. WD Lab Grown Diamonds is the exclusive licensee of a portfolio of patents covering single crystal CVD diamond growth technology developed by The Carnegie Institution of Washington. WD is majority-owned by Huron Capital Partners. For more information, visit www.wdlabgrowndiamonds.com.
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CONTACT: Jonathan Marino
KEYWORD: UNITED STATES NORTH AMERICA MARYLAND
INDUSTRY KEYWORD: SOFTWARE LUXURY HARDWARE CONSUMER ELECTRONICS TECHNOLOGY LODGING BRIDAL TRAVEL SEMICONDUCTOR SECURITY RETAIL NANOTECHNOLOGY TELECOMMUNICATIONS
SOURCE: Huron Capital
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PUB: 12/15/2022 09:00 AM/DISC: 12/15/2022 09:02 AM