Velox names new chairman
Published: 9 November 2023 | No comments yet
Mr Allott co-founded Waypoint Investors, which led Velox’s last investment round
Velox, a developer and manufacturer of industrial direct-to-shape digital decoration technologies, has appointed Anthony Allott, co-founder of Waypoint Investors and a veteran in the packaging industry, as chairman of its board of directors.
Mr Allott is an experienced senior executive in the packaging sector. Whilst he started his career as a certified public accountant at Deloitte, for 16 years he was president and CEO at Silgan Holdings, an NYSE traded global manufacturer of sustainable rigid packaging and dispensing products. Mr Allott continues to serve as chairman at Silgan.
Prior to working there, Mr Allott served for nearly a decade as chief financial officer of Applied Extrusion Technologies, a manufacturer of flexible packaging, joining the company as it completed an acquisition quintupling the size of the business.
Waypoint Investors led Velox’s last investment round, which was recently completed.
Mr Allott commented, ‘I have been so impressed by the Velox team and am proud to join their efforts to bring the digital printing revolution to the packaging market. I strongly believe that the company’s disruptive technology will change the packaging industry, the same way that digital printing changed the commercial printing industry.’
Marian Cofler, co-founder and CEO at Velox, said, ‘Tony Allott’s addition to the team is yet another step change for Velox as the company matures into the leading digital printing company for rigid packaging. We are looking forward to benefitting from Tony’s broad experience and knowledge in the packaging industry.
‘We also want to thank Dr Shlomo Shamir, who was our chairman since our early days until now and helped build the company to its current position.’