Stratasys Ltd. (NASDAQ: SSYS), a global leader in additive
manufacturing and 3D printing technology, today announced the
appointment of Dov Ofer as the company’s new Chairman of the Board,
effective May 17, 2020. Current Chairman Elchanan (Elan) Jaglom
will continue in his role until the transition date.
Mr. Ofer brings significant strategic and leadership skills that
will help guide the board as Stratasys embarks on an exciting
growth phase in the coming years. Mr. Ofer has served Stratasys as
a board member since July 2017 and was appointed to the board’s
Oversight Committee in June 2018 when the Company began to search
for a new permanent CEO.
Mr. Ofer has a strong history of introducing innovation and
driving technology leadership, with over twenty-five years of
experience in executive management and board memberships. From
April 2007 to December 2013, Mr. Ofer served as Chief Executive
Officer of Lumenis Ltd. Previously he served as Executive Vice
President and General Manager of HP Scitex, after serving as
President and Chief Executive Officer of Scitex Vision, Ltd. Mr.
Ofer currently serves as Chairman of Magen Eco-Energy RCA Ltd.,
Vice Chairman of Scodix Ltd., Director of Kornit Digital Ltd. and
Director of Copprint.
“Along with the rest of the board, I look forward to supporting
our new CEO, Yoav Zeif, in my upcoming role as the new Chairman of
the Board of Directors for Stratasys,” said Dov Ofer. “With the
growth of the additive manufacturing industry and the new
innovations Stratasys is bringing to market, this is a pivotal time
for the company. I’m committed to ensuring clear direction, strong
governance and a continued solid financial foundation so that the
company can grow its leadership position.”
Mr. Ofer holds a B.A. in Economics from the Hebrew University in
Israel and an MBA from the University of California, Berkeley.
Stratasys is a global leader in additive manufacturing or
3D printing technology, and is the manufacturer of FDM®, PolyJet™
and stereolithography 3D Printers. The Company’s technologies are
used to create prototypes, manufacturing tools, and production
parts for industries, including aerospace, automotive, healthcare,
consumer products and education. For 30 years, Stratasys products
have helped manufacturers reduce product-development time, cost,
and time-to-market, as well as reduce or eliminate tooling costs
and improve product quality. The Stratasys 3D printing ecosystem of
solutions and expertise includes: 3D printers, materials, software,
strategic consulting and professional services, and paid parts
production. Online at: www.stratasys.com, http://blog.stratasys.com
and LinkedIn.
Stratasys is a registered trademark and the Stratasys signet is
a trademark of Stratasys Ltd. and/or its subsidiaries or
affiliates. All other trademarks are the property of their
respective owners.
Cautionary Statement Regarding Forward-Looking
Statements
The statements in this press release regarding Stratasys'
strategy, and the statements regarding its projected future
financial performance, are forward-looking statements reflecting
our current expectations and beliefs. These forward-looking
statements are based on current information that is, by its nature,
subject to rapid and even abrupt change. Due to risks and
uncertainties associated with Stratasys' business, actual results
could differ materially from those projected or implied by these
forward-looking statements. These risks and uncertainties include,
but are not limited to: the degree of our success at introducing
new or improved products and solutions that gain market share; the
degree of growth of the 3D printing market generally; the impact of
potential shifts in the prices or margins of the products that we
sell or services that we provide, including due to a shift towards
lower-margin products or services; the impact of competition and
new technologies; potential further charges against earnings that
we could be required to take due to impairment of additional
goodwill or other intangible assets; the extent of our success at
successfully consummating acquisitions or investments in new
businesses, technologies, products or services; potential changes
in our management and board of directors; global market, political
and economic conditions, and in the countries in which we operate
in particular (including risks related to the impact of coronavirus
on our supply chain and business); costs and potential liability
relating to litigation and regulatory proceedings; risks related to
infringement of our intellectual property rights by others or
infringement of others' intellectual property rights by us; the
extent of our success at maintaining our liquidity and financing
our operations and capital needs; the impact of tax regulations on
our results of operations and financial condition; and those
additional factors that will be referred to in Item 3.D “Key
Information - Risk Factors”, Item 4, “Information on the Company”,
Item 5, “Operating and Financial Review and Prospects,” and all
other parts of our Annual Report on Form 20-F for the year ended
December 31, 2019 (the “2019 Annual Report”), which we
expect to file with the Securities and Exchange Commission (the
“SEC”) on February 26, 2020. Readers are urged to carefully
review and consider the various disclosures made throughout our
2019 Annual Report and the Reports of Foreign Private Issuer on
Form 6-K that attach Stratasys’ unaudited, condensed consolidated
financial statements and its review of its results of operations
and financial condition, for the quarterly periods throughout 2020,
which will be furnished to the SEC throughout 2020, and our other
reports filed with or furnished to the SEC, which are designed to
advise interested parties of the risks and factors that may affect
our business, financial condition, results of operations and
prospects. Any guidance provided, and other forward-looking
statements made, in this press release are made as of the date
hereof, and Stratasys undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise, except as required by
law.
Attention Editors, if you publish reader-contact information,
please use:
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- Asia Pacific +852 3944-8888
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version on businesswire.com: https://www.businesswire.com/news/home/20200225005975/en/
Stratasys Investor Relations Yonah Lloyd Vice President -
Investor Relations Yonah.Lloyd@stratasys.com
Stratasys Media Contacts Stratasys Corporate &
North America Aaron.pearson@stratasys.com +1 952.917.6700
Europe, Middle East, and Africa Jonathan Wake / Miguel
Afonso, Incus Media stratasys@incus-media.com +44 1737 215200
Greater China, Southeast Asia, ANZ and India Alice Chiu
Media.ap@stratasys.com +852 3944-8888
Japan and Korea Aya.Yoshizawa@stratasys.com +81 3 5542
0042
Central and South America Erica Massini
Erica.massini@stratasys.com +55 11 2626-9229
Mexico, Caribe Carlos Ramirez
Carlos.ramirez@stratasys.com +52 (55) 1534 9791
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