Stratasys (NSDQ:SSYS), which offers 3D printing services to the medical and other industries, said today that CEO David Reis is slated to step down June 30, to be replaced by board member Ilan Levin.
Reis was in the corner office at Stratasys for 6 years, helping to oversee the 2012 merger and integration with photopolymer 3D printing systems maker Objet Geometries. Reis is due to keep his seat on the Stratasys board, the Minneapolis- and Rehovot, Israel-based company said.
“The board of directors is grateful for David’s 7 years of service as CEO to Stratasys and Objet,” chairman Elan Jaglom said in prepared remarks. “David has shown strong dedication to our customers and employees, while guiding the company through a period of extraordinary growth. He is also responsible for initiating a critical business transformation designed to support our long-term leadership in the prototyping market while expanding into applications for manufacturing. The board looks forward to working with David in his capacity as Executive Director and to the value he will provide in supporting our long-term strategy.”
Levin, who was president and vice-chairman at Objet before the merger, is slated to start July 1.
“I am honored to be taking on the role as CEO and to continue working with the global Stratasys team to advance our company’s goals and values,” Levin said in a press release.
“Speaking on behalf of the whole board, we are confident that Ilan’s understanding of the company’s business and strategy will enable him to build upon Stratasys’ market position, foster a smooth transition and successfully advance the company’s strategic vision,” Jaglom added.
“It has been a privilege to lead Stratasys and its very talented team during a truly transformative period for our company and industry,” Reis said. “The time has come to transition leadership, and I am extremely pleased to have a highly-capable successor who has extensive knowledge of all aspects of Stratasys, including our technologies, markets and strategic roadmap. Ilan is an additive manufacturing pioneer, and has been a key figure in our industry for many years. I am confident in his ability to conduct a seamless transition and lead our company into the future.”