Jun 7, 2016

3D Systems (NYSE: DDD) disclosed in a filling on Tuesday morning, that two senior executives - Chief Operating Officer Mark Wright and Chief Merchandising Officer Cathy Lewis - have resigned.

Mark Wright

Cathy L. Lewis

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.

The resignations follow the appointment of Chief Executive Vyomesh Joshi on April 4. This marks another recent changing of the CEO guard in the leading 3D printing space. Five days ago, Stratasys CEO David Reis announced retirement and Ilan Levin, a current member of the Board and Executive Committee of Stratasys, replaced Reis as CEO.

Like other players in the 3D printer sector, 3D systems has struggled with execution and performance in recent years. Meanwhile HP and well-funded start-up Carbon (formerly Carbon3D) both have recently launched their compelling 3D printers for the enterprise market.

 

 

Posted in 3D Printer Company

 

 

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