Markforged names new president and Chief Executive Officer

Companies & MarketsNews
October 30, 2020

October 30, 2020

Shai Terem has been appointed president and CEO of Markforged (Courtesy Markforged)

Markforged, Watertown, Massachusetts, has announced the promotion of Shai Terem to president & Chief Executive Officer. Gregory Mark, founder of Markforged has now transitioned to the role of chairman.

The leadership announcements are the results of a planned succession and are said to be designed to position the company for continued success in the next phase of its growth.

As CEO, Terem will lead the development and execution of short- and long-term strategies and day-to-day operations, with the aim of positioning Markforged to continue delivering value to its key stakeholders as the company continues to scale.

Since joining Markforged in December 2019 as president and Chief Operating Officer, Terem has reorganised the company to incorporate a channel-first approach while building a strong infrastructure for rapid, efficient and scalable growth.

Previously, he served as president of the Americas region at Kornit Digital, a global specialist in 2D digital printing for textiles, and held various product marketing, finance, and operations roles within the AM company Stratasys.

“I have been fortunate to spend the majority of my career in this industry – experience that gives me profound appreciation for the immense value that Markforged brings to organisations around the world,” stated Terem.

“Our tools are designed to allow manufacturers to go from design to a functional part with unmatched efficiency to truly optimise the supply chain,” he continued. “It is an honour to take the helm of such a pioneering company, and I’m eager to play my part in our mission to reinvent manufacturing.”

“Leading Markforged for the past seven years as Chief Executive Officer has been an amazing journey, and I’m incredibly proud of what we’ve built,” stated Gregory Mark. “Before Markforged, access to strong 3D printed parts was limited to those who could afford million-dollar machines.”

“Today, we have parts flying in space, and on commercial and military jets; we have hundreds of thousands of parts used by frontline workers to fight COVID,” he continued. “All are printed on a platform that is robust enough for end-use aerospace, and affordable to high schools and colleges. We have democratised metal and carbon fibre 3D printing, and we’re just getting started.”

“We believe Shai will continue this progression and grow into more factories, schools, and design shops around the world,” he added. “With his operator chops and considerable Additive Manufacturing experience, Shai has the right combination of skills to continue our rapid growth.”

In his new role as chairman, Mark will focus on promoting adoption of the company’s Additive Manufacturing platform among engineers, designers and manufacturing professionals all over the world.

“Greg has built a strong foundation for innovation that he will continue to develop as Shai works to scale the organisation from successful startup to a pillar technology company of our time.”

www.markforged.com

Companies & MarketsNews
October 30, 2020

In the latest issue of Metal AM magazine

Download PDF
 

Extensive AM industry news coverage, as well as the following exclusive deep-dive articles:

  • Metal powders in Additive Manufacturing: An exploration of sustainable production, usage and recycling
  • Inside Wayland Additive: How innovation in electron beam PBF is opening new markets for AM
  • An end-to-end production case study: Leveraging data-driven machine learning and autonomous process control in AM
  • Consolidation, competition, and the cost of certification: Insight from New York’s AM Strategies 2024
  • Scandium’s impact on the Additive Manufacturing of aluminium alloys
  • AM for medical implants: An analysis of the impact of powder reuse in Powder Bed Fusion

The world of metal AM to your inbox

Don't miss any new issue of Metal AM magazine, and get the latest industry news. Sign up to our twice weekly newsletter.

Sign up

Discover our magazine archive…

The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:

  • Reports on visits to leading metal AM part manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

Browse the archive

Looking for AM machines, metal powders or part manufacturing services?

Discover suppliers of these and more in our comprehensive advertisers’ index and buyer’s guide, available in the back of Metal AM magazine.

  • AM machines
  • Process monitoring & calibration
  • Heat treatment & sintering
  • HIP systems & services
  • Pre- & post-processing technology
  • Powders, powder production and analysis
  • Part manufacturers
  • Consulting, training & market data
View online
Share via
Copy link
Powered by Social Snap