ROCK HILL, SC, Oct 29, 2015 – 3D Systems announced today that Avi Reichental has stepped down as president and chief executive officer and as a director of the company, effective at the close of business on Wednesday, October 28, 2015, by mutual agreement with the company’s Board of Directors.
“I am deeply grateful to have had the opportunity to lead and build this fine company for the past 12 years, and I am excited about its future,” said Reichental. The company also announced that its Board of Directors has established an Executive Management Committee to provide ongoing leadership and to support company wide operations and strategic initiatives. Charles Hull, co-founder, director and chief technology officer, will serve as chairman of the Committee, while Andrew Johnson will serve as Interim president and chief executive officer, in addition to his continued role as chief legal officer. Mark Wright, chief operating officer, and David Styka, chief financial officer, will also serve on the Executive Management Committee.
The company’s Board of Directors will immediately commence a comprehensive search and evaluation process to select a permanent replacement for the role of president and chief executive officer.
“Over the past 12 years, Avi has helped build 3D Systems into a global leader in 3D design and digital fabrication and we thank him for his many contributions,” said G. Walter Loewenbaum II, chairman of the 3DS Board of Directors. “We are fortunate to have such a knowledgeable and capable leadership team already in place that can execute on our strategic initiatives while we identify the right individual to lead 3D Systems into a new era.”
“We are profoundly grateful for the visionary leadership Avi has provided to our business and to our industry, and we wish him well in his future endeavors,” said Charles Hull, co-founder, director, chairman of the Executive Management Committee and chief technology officer, 3DS. “As our industry continues to evolve and we look to the future, we are focused on aligning our resources and programs to best serve our customers and are excited about the many opportunities ahead.”
About 3D Systems
3D Systems provides the most advanced and comprehensive 3D digital design and fabrication solutions available today, including 3D printers, print materials and cloud-sourced custom parts. Its powerful ecosystem transforms entire industries by empowering professionals and consumers everywhere to bring their ideas to life using its vast material selection, including plastics, metals, ceramics and edibles. 3DS’ leading personalized medicine capabilities include end-to-end simulation, training and planning, and printing of surgical instruments and devices for personalized surgery and patient specific medical and dental devices. Its democratized 3D digital design, fabrication and inspection products provide seamless interoperability and incorporate the latest immersive computing technologies. 3DS’ products and services disrupt traditional methods, deliver improved results and empower its customers to manufacture the future now.
More information on the company is available at www.3dsystems.com.
