What Happened?
Maple Plain, MN-based Proto Labs Retired Donald Krantz as Executive Vice President and Technology Officer
About the Company
Proto Labs was founded as The ProtoMold Company in 1999 by Larry Lukis, a successful entrepreneur and computer geek. Larry previously was co-founder of a successful $100 million company that wanted to design a better printer, and was floored by the time and money it took to get injection-molded parts. His answer was to develop an automated process for producing injection-molded parts in a fraction of the time and cost it had taken before. With a stated mission "to radically reduce the time it takes to get prototype injection-molded plastic parts" and "to make plastic injection molding a practical option for products not requiring large quantities of parts," Protomold was off and running. With a rapidly growing customer base demanding more, we pushed the technology envelope to produce bigger and more complex parts, introduced the Firstcut CNC Machining service, opened up manufacturing facilities in Europe and Asia, and changed the company name to Proto Labs to reflect our growing capabilities. In 2012, we decided to take the company public and became one of the most successful initial public offerings of that year. As the world’s fastest provider of machined and molded parts, we take pride in providing customers real parts really fast.
About the Person
Donald G. Krantz has served as our Chief Operating Officer since January 2007. From November 2005 to January 2007, Dr. Krantz served as our Vice President of Development. Prior to joining our company, Dr. Krantz served in various roles at MTS Systems, Inc., a builder of custom precision testing and advanced manufacturing systems, including as a business unit Vice President, Vice President of Engineering, and most recently, Chief Technology Officer. Dr. Krantz was an Engineering Fellow at Alliant Techsystems and Honeywell, Inc., and was named the 2005 Distinguished Alumnus of the Department of Computer Science and Engineering at the University of Minnesota.
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