Just two months after the appointment of new CEO, Vyomesh Joshi, 3D Systems has announced that two of its senior executives, Chief Operating Officer Mark Wright and Chief Merchandising Officer Cathy Lewis, have resigned.
The resignations were published in a Form 8-K filing with the U.S. Securities and Exchange Commission, which detailed that Lewis and Wright will depart from the 3D printing company on the 10th and 17th June respectively.
The regulatory states:
(b) and (e) On June 6, 2016, 3D Systems Corporation (the “Company”) and Mark W. Wright agreed that Mr. Wright will resign from his position as the Executive Vice President and Chief Operating Officer of the Company, effective as of the close of business on June 17, 2016.
Additionally, on June 6, 2016, the Company and Cathy L. Lewis agreed that Ms. Lewis will resign from her position as the Executive Vice President and Chief Marketing Officer of the Company, effective as of the close of business on June 10, 2016.
As of the date of this report, no new compensatory or severance arrangements have been entered into in connection with either Mr. Wright’s separation or Ms. Lewis’ separation. Should any such arrangements be entered into in the future, the material terms of such arrangements will be disclosed in a subsequent filing.
CMO Cathy Lewis and COO Mark Wright both resign.
Lewis first joined 3D Systems from technology startup Desktop Factory in 2009 whilst Wright joined from Lenovo less than two years ago. In October last year, the 3D technologies leader announced the departure of former CEO Avi Reichental, who stepped down after over a decade with the company.