3D Systems appoints Wayne Pensky as interim CFO
April 25, 2022
3D Systems, Rock Hill, South Carolina, USA, has announced that Jagtar Narula is stepping down as the company’s Chief Financial Officer, effective May 20, 2022, and will be replaced by Wayne Pensky, the former CFO of Hexcel Corporation, on an interim basis.
“I want to thank Jagtar for his dedication and leadership as we have executed on a transformational plan to refocus our business portfolio on Additive Manufacturing, driving improved growth and operating performance, while significantly strengthening our balance sheet,” a 3D Systems representative commented. “We have made tremendous progress on all facets of our business plan and I appreciate the important contributions Jagtar has made during his tenure with the company.”
“I wish him continued success in the next chapter of his career. I am also delighted that Wayne will assume the role of interim chief financial officer. Wayne is a veteran finance leader who is uniquely positioned to serve in an interim capacity, having played a significant role in the earliest stages of our transformation process at 3D Systems in 2020. I believe that Wayne will ensure we do not miss a step as we move through this transition period.”
Pensky retired in 2017 after twenty-four years with Hexcel, a multinational manufacturer of advanced composite materials used in aerospace and industrial applications. He served as CFO for the last ten years, during which time Hexcel’s revenue doubled to more than $2 billion and its net income grew nearly four-fold. Prior to that, he held a variety of financial leadership roles including head of finance, corporate controller and chief accounting officer. Pensky began his career with Arthur Andersen & Co, where he served fourteen years. He earned a Master of Business Administration from the University of California at Berkeley.
