3D Systems announces departure of President and CEO
3D Systems, headquartered in Rock Hill, South Carolina, USA, has announced that Avi Reichental has stepped down as President, Chief Executive Officer and as a Director of the Company, effective at the close of business on 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,” stated Reichental.
“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 endeavours,” added Charles Hull, Co-founder, Director, Chairman of the Executive Management Committee and Chief Technology Officer at 3D Systems. “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.”
The company announced that its Board of Directors has established an Executive Management Committee to provide ongoing leadership and to support companywide operations and strategic initiatives. Charles Hull 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,” stated G. Walter Loewenbaum II, Chairman of the 3D Systems 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.”
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