Velo3D Appoints Former Fremont Mayor Lily Mei as Independent Director to Board of Directors

Rhea-AI Summary

Velo3D (Nasdaq: VELO) appointed former Fremont Mayor Lily Mei as an independent director to its Board. Mei currently leads the Emerging City Leaders Institute for Partnership & Strategic Empowerment (ECLIPSE) at San Francisco Bay University.

Her background spans public service, education governance, and technology-sector leadership roles.

News Market Reaction – VELO

+34.96% 3.4x vol

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+34.96% Session close to close

+37.5% Peak in 14 hr 17 min

$946.18M Market Cap

3.4x Rel. Volume

In the Jun 11 session, VELO gained 34.96%, reflecting a significant positive market reaction. Argus tracked a peak move of +37.5% during that session. Our momentum scanner triggered 152 alerts that day, indicating very high trading interest and price volatility. Trading volume was very high at 3.4x the daily average, suggesting strong buying interest.

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FREMONT, Calif., June 11, 2026 /PRNewswire/ -- Velo3D, Inc. (Nasdaq: VELO) ("Velo3D" or the "Company"), a leader in additive manufacturing ("AM") technology known for transforming aerospace and defense supply chains through world-class metal AM, today announced the appointment of Lily Mei as an independent member of its Board of Directors.

Ms. Mei currently serves as Executive Director of Emerging City Leaders Institute for Partnership & Strategic Empowerment ("ECLIPSE") at San Francisco Bay University, a role she has held since June 2025. She previously served as Mayor of Fremont, California, from December 2016 to December 2024, following service as Vice Mayor and City Councilmember beginning in 2014. Prior to her tenure in city government, Ms. Mei served as an elected Trustee and Board President of the Fremont Unified School District. Her private-sector experience includes serving as Executive Director of the Alliance for Gray Market and Counterfeit Abatement and holding leadership positions at 3Com Corporation.

"Lily brings a rare blend of leadership experience in both the public and private sectors, along with a proven ability to build strong partnerships that drive innovation and economic growth," said Arun Jeldi, Chief Executive Officer of Velo3D. "Her work advancing domestic manufacturing and strengthening collaboration among government, industry and educational institutions makes her an outstanding addition to our Board. As we continue to expand Velo3D's role in strategic markets, her perspective will help guide the company's next chapter."

"Velo3D has established a strong and differentiated position in advanced manufacturing through its innovative technology and focus on mission-critical applications," said Ms. Mei. "The company serves industries that are foundational to America's economic competitiveness, national security, and industrial innovation. I am honored to join this Board and look forward to working with the leadership team to support Velo3D's strategic priorities, long-term growth, and continued contributions to the communities and industries it serves."

Ms. Mei holds a Bachelor of Science in Business from Drexel University.

About Velo3D:

Velo3D is a metal 3D printing technology company that enables customers to build mission-critical metal parts. The fully integrated solution includes the Flow print preparation software, the Sapphire® family of printers, and the Assure quality control system—all of which are powered by Velo3D's Intelligent Fusion® manufacturing process.

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SOURCE Velo3D, Inc.

FAQ

Who is Lily Mei, the new independent director on Velo3D (VELO)'s board?

Lily Mei is a former Mayor of Fremont, California, now appointed as an independent director on Velo3D's board. According to Velo3D, she also leads ECLIPSE at San Francisco Bay University and previously held leadership roles in education and the technology sector.

When did Velo3D (VELO) appoint Lily Mei to its Board of Directors?

Velo3D announced the appointment of Lily Mei to its Board of Directors on June 11, 2026. According to Velo3D, she joins as an independent director, bringing experience from city government, education governance, and leadership roles in technology-focused organizations.

What experience does Lily Mei bring to the Velo3D (VELO) Board of Directors?

Lily Mei brings leadership experience in public service, education governance, and the private technology sector to Velo3D's board. According to Velo3D, she served as Fremont's Mayor, led the Fremont Unified School District board, and held executive roles at the Alliance for Gray Market and Counterfeit Abatement and 3Com.

How might Lily Mei's background support Velo3D (VELO)'s strategic priorities?

Lily Mei's experience in government, education, and industry collaboration may support Velo3D's strategic market expansion efforts. According to Velo3D, her work advancing domestic manufacturing and partnerships among government, industry, and universities aligns with the company's focus on mission-critical advanced manufacturing applications.

What is Lily Mei's current role outside Velo3D (VELO)?

Outside her new Velo3D board role, Lily Mei leads the Emerging City Leaders Institute for Partnership & Strategic Empowerment. According to Velo3D, she has served as Executive Director of ECLIPSE at San Francisco Bay University since June 2025, focusing on leadership and city-focused initiatives.