2016 hasn't been to a good start with Stratasys following a poor Q1 financial report. Share price has been down by 30% in the last few weeks, mounting pressures from disgruntled shareholders. In lieu of this, David Reis, Stratasys CEO will be resigning.
Effective July 1, Ilan Levin, a member of the Board and Executive Committee of Stratasys, will assume the role of CEO.
Mr. Levin has served as a member of the Board of Directors of Objet since 2000 and served as President and Vice Chairman of the Objet Board prior to the Stratasys-Objet merger in 2012. Mr. Jaglom remarked, “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.”
Mr. Levin said, “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.”