3D Systems Announces Executive Leadership Changes
January 10 2024 - 9:00AM
3D Systems (NYSE:DDD) today announced changes in the company’s
leadership structure.
Reji Puthenveetil, who currently serves as EVP,
Industrial Solutions, will take on expanded responsibilities
as EVP, Additive Solutions and Chief Commercial
Officer. In this role, Reji will have responsibility
for all of the company’s commercial operations, ranging from
Sales and Marketing to 3D Systems’ unique Application Innovation
Group, across both the Industrial and Healthcare business units.
With this consolidation of commercial responsibilities, Menno
Ellis, who has served as the leader of the company’s Healthcare
business from its creation in 2020, will be leaving the company to
pursue other leadership opportunities. Importantly, the company
will continue to operate two business units, Healthcare
Solutions, comprising both Medical Devices and Dental
markets, and Industrial Solutions, which spans
numerous industrial market verticals, from aerospace and defense to
semiconductor, automotive, energy, and consumer markets.
In addition, after a productive 17-year career with the
company, Andy Johnson, Chief Corporate
Development Officer and Chief Legal Counsel, will be leaving 3D
Systems to pursue new leadership opportunities. Andy will
remain in his role while a search is undertaken for a new General
Counsel.
Commenting on the executive leadership changes, Dr. Jeffrey
Graves, President and Chief Executive Officer, said, “We are
grateful to both Menno and Andy for their many contributions to the
company. Since my arrival in the summer of 2020, both leaders have
been instrumental in helping focus and reshape the company, as we
transformed into the two distinct business units we have today. I
am confident that both executives will continue to find great
success in their future leadership endeavors.”
Dr. Graves continued, “This simplification of our commercial
operations will support optimization of our go-to-market
strategies, reduce operating costs, and enhance our ability to
respond quickly to changes in the market as momentum continues to
build in the adoption of 3D printing in production facilities
around the world. Importantly, by continuing to operate in two
business units, we will retain a strong focus on the unique needs
of both our Healthcare and Industrial customers, an approach that
has been very well received in the market.”
Forward-Looking StatementsCertain statements
made in this release that are not statements of historical or
current facts are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the company to be materially
different from historical results or from any future results or
projections expressed or implied by such forward-looking
statements. In many cases, forward-looking statements can be
identified by terms such as "believes," "belief," "expects," "may,"
"will," "estimates," "intends," "anticipates" or "plans" or the
negative of these terms or other comparable terminology.
Forward-looking statements are based upon management’s beliefs,
assumptions, and current expectations and may include comments as
to the company’s beliefs and expectations as to future events and
trends affecting its business and are necessarily subject to
uncertainties, many of which are outside the control of the
company. The factors described under the headings "Forward-Looking
Statements" and "Risk Factors" in the company’s periodic filings
with the Securities and Exchange Commission, as well as other
factors, could cause actual results to differ materially from those
reflected or predicted in forward-looking statements. Although
management believes that the expectations reflected in the
forward-looking statements are reasonable, forward-looking
statements are not, and should not be relied upon as a guarantee of
future performance or results, nor will they necessarily prove to
be accurate indications of the times at which such performance or
results will be achieved. The forward-looking statements included
are made only as of the date of the statement. 3D Systems
undertakes no obligation to update or revise any forward-looking
statements made by management or on its behalf, whether as a result
of future developments, subsequent events or circumstances or
otherwise, except as required by law.
About 3D Systems More than 35 years ago, 3D
Systems brought the innovation of 3D printing to the manufacturing
industry. Today, as the leading additive manufacturing solutions
partner, we bring innovation, performance, and reliability to every
interaction - empowering our customers to create products and
business models never before possible. Thanks to our unique
offering of hardware, software, materials, and services, each
application-specific solution is powered by the expertise of our
application engineers who collaborate with customers to transform
how they deliver their products and services. 3D Systems’ solutions
address a variety of advanced applications in healthcare and
industrial markets such as medical and dental, aerospace &
defense, automotive, and durable goods. More information on the
company is available at www.3dsystems.com.
Investor Contact: |
investor.relations@3dsystems.com |
Media Contact: |
press@3dsystems.com |
3D Systems (NYSE:DDD)
Historical Stock Chart
From Mar 2024 to Apr 2024
3D Systems (NYSE:DDD)
Historical Stock Chart
From Apr 2023 to Apr 2024