3D Systems, Rock Hill, South Carolina, USA, has announced that Vyomesh (VJ) Joshi, the company’s President and CEO, has notified the Board of Directors of his decision to retire and that the board has initiated the search for his successor. Joshi will continue to serve in his current role until a new CEO is appointed, after which he will transition to the role of strategic advisor to the company.
“On behalf of the Board of Directors, I want to personally thank VJ for his accomplishments at 3D Systems. He is a pioneer and a visionary in digital manufacturing solutions and he has led this company through a vital phase,” stated Charles (Chip) McClure, Chairman of the Board of Directors. “I have such great respect for him and his career. He is a man of integrity and I am grateful to have served alongside him.”
Joshi joined 3D Systems in April 2016. Under his leadership, the company is said to have stabilised financially, significantly improved its product quality and reinvigorated innovation across its portfolio of AM hardware, materials, software and services to take digital manufacturing solutions from prototyping to production.
“A lot of personal reflection and discussion with the board have gone into my decision. The deciding factor was our full confidence that 3D Systems is ready for the next level,” Joshi commented. “We are poised for growth and we have built a great team, a strong culture and a powerful portfolio. I am honoured to have led 3D Systems through such a pivotal stage and position the company for profitable growth in its next chapter.”
The company will hold a conference call and webcast to discuss its financial results for the fourth quarter and full year 2019 on February 26, 2020, at 4:30 PM EST. For the fourth quarter of 2019, the company anticipates revenue will be in the range of $163 million to $165 million.