Today Stratasys announced that its Chief Executive Officer, David Reis is to retire at the end of this month.
In his 15 years in the industry, Reis led the successful merger and integration of Stratasys and Objet in 2012, and oversaw Stratasys’ growth as a leader in the additive manufacturing industry. Reis also initiated the company’s recent transformation into a broad, solutions-based business model targeting new manufacturing applications across key vertical markets.
“The board of directors is grateful for David’s seven years of service as CEO to Stratasys and Objet,” said Elan Jaglom, Stratasys’ Chairman of the Board. “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.”
While he has announced his plans to retire as CEO, Mr. Reis will remain a member of the Stratasys board of directors as an Executive Director. Ilan Levin, a member of the Board and Executive Committee of Stratasys, will assume the role of CEO as of 1st July. Levin has served as a member of the Board of Directors of Objet since 2000 and as President and Vice Chairman of the Objet Board prior to the Stratasys-Objet merger.
“It has been a privilege to lead Stratasys and its very talented team during a truly transformative period for our company and industry,” said Reis, commented. “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.”
Mr. Levin added: "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."