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11-04-2015

CEO of 3D Systems Steps Down

Avi Reichental (figure: Engadget)

3D Systems, Rock Hill, SC/USA, announced 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.

The company also 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, 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.

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