WD Lab Grown Names Mike Grunza CEO

WD Lab Grown Diamonds has appointed board member Mike Grunza as its CEO and announced the departure of incumbent Sue Rechner.

Since 2020, Grunza has been CEO of Form Technologies, a manufacturer of precision components based in Charlotte, North Carolina. He has served on WD’s board since 2020 and has been interim president since August 2022.

WD, which synthesizes diamonds at its laboratory in Washington, DC, has been under Rechner’s leadership since 2019 — the same year it received a significant investment from private-equity firm Huron Capital.

“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,” Huron partner Brian Walker said Thursday. “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.”

Main image: Lab-grown diamonds from seed to stone. (WD Lab Grown Diamonds)