Stratasys and MakerBot Announce Staff Changes; Promotes Jenny Lawton and Jonathan Jaglom
Organizational Changes to Help Stratasys Realize Its Goal of
Revolutionizing the Way Things Are Made
BROOKLYN, N.Y.& REHOVOT, Israel--(BUSINESS WIRE)--
Stratasys, Ltd. (Nasdaq:SSYS) today announced a further step in
the continued evolution of its MakerBot business by transitioning
key executives and expanding responsibilities. As part of this phase,
Jenny Lawton, chief executive officer of MakerBot, will be promoted to
executive vice president Special Projects for Stratasys and will report
directly to David Reis, chief executive officer in his capacity as the
company's chief business officer. Jonathan Jaglom, general manager from
Stratasys Asia Pacific Japan, will be promoted to chief executive
officer of MakerBot.
Stratasys announces promotion of Jenny Lawton, chief executive officer with MakerBot to executive vice president Special Projects with Stratasys, and Jonathan Jaglom, general manager of Stratasys Asia Pacific Japan to chief executive officer for MakerBot. (Photo: Business Wire)
"We see these organizational moves as part of the continued scaling and
integration of MakerBot," said David Reis, chief executive officer of
Stratasys. "Leading the new product category of desktop 3D printing,
MakerBot has experienced significant growth since inception, with sales
expanding by more than 600 percent from 2012 to 2014. MakerBot has sold
more than 80,000 units to date, while developing a significant brand."
Reis also noted that, "Jonathan Jaglom is bringing 10 years of
experience as a key contributor to the outstanding performance and
scaling of operations at Objet and then Stratasys and we believe he will
be well-positioned to help MakerBot scale both operations and revenues."
Reis added, "As a leader in the 3D printing industry, we intend to build
on our strong track record of execution and integration following our
mergers. MakerBot is part of that integration and we are very excited to
nurture the unique opportunity for growth in the desktop 3D printing
industry with MakerBot's leadership position."
Reis also highlighted that the focus for 2015 in the desktop 3D printing
category is to execute the company's investment program designed to
further product development, build infrastructures and maintain and
expand brand leadership.
Reis noted that during Lawton's tenure at MakerBot, she has contributed
substantially to MakerBot's growth and successful leading position.
Since joining the company in 2011, Lawton quickly helped grow the
company from 40 to 600+ employees and established MakerBot's leading
position through the introduction of MakerBot's robust 3D Ecosystem,
five versions of MakerBot® Replicator® 3D Printers and the MakerBot
Digitizer™ Desktop 3D Scanner, and the creation of partnerships with key
retailers, providing access to MakerBot 3D printing products in 500+
retail locations. In her new role, she'll be able to use her vast
experience and know-how for all of Stratasys and will fill the role as a
top woman executive in a leading global technology company.
Lawton will also continue her role as an industry thought leader and
will focus on the disruptive effects of 3D printing and the role of
women in technology. As a sought-after speaker, she will also represent
Stratasys in keynotes where she will be presenting on the 3D printing
industry, such as at TCT Asia, the 3D Print Design Week in New York and
RISE Hong Kong.
Jaglom began his 3D printing career with Objet in 2005 and has held
positions as regional manager of East Europe, business manager of Objet
customer support, vice president of Global Sales Operations, and has
spent the two years reporting directly to Reis as general manager of
Stratasys Asia Pacific Japan. His experience as a Stratasys leader has
overseen rapid growth with both Objet and Stratasys and he is excited to
be joining MakerBot.
Stratasys is leading the prototyping market and striving to expand the
direct digital manufacturing business through its market leadership in
additive manufacturing. MakerBot is a leader in the desktop 3D printing
industry and was founded in 2009 as one of the first companies to bring
professional-quality 3D printing to a broad base of users. MakerBot now
has one of the largest installed bases and market shares of the desktop
3D printing industry, with more than 80,000 MakerBot Desktop 3D Printers
in the world and a robust MakerBot 3D Ecosystem that combines hardware,
stores and partnerships
in order to help make 3D printing easy and accessible for everyone.
MakerBot, a subsidiary of Stratasys
Ltd. (Nasdaq: SSYS), is leading the Next Industrial Revolution by
setting the standards in reliable and affordable desktop 3D
printing. Founded in 2009, MakerBot sells desktop 3D printers to
innovative and industry-leading customers worldwide, including
engineers, architects, designers, educators and consumers. To learn more
about MakerBot, visit makerbot.com.
Stratasys Ltd. (Nasdaq:SSYS), headquartered in Minneapolis, Minnesota
and Rehovot, Israel, is a leading global provider of 3D printing and
additive manufacturing solutions. The company's patented FDM®, PolyJet™,
and WDM™ 3D Printing technologies produce prototypes and manufactured
goods directly from 3D CAD files or other 3D content. Systems include 3D
printers for idea development, prototyping and direct digital
manufacturing. Stratasys subsidiaries include MakerBot and Solidscape,
and the company operates the digital parts manufacturing service,
Stratasys Direct Manufacturing. Stratasys has more than 2,800 employees,
holds over 600 granted or pending additive manufacturing patents
globally, and has received more than 25 awards for its technology and
leadership. Online at: http://www.stratasys.com
Note Regarding Forward-Looking Statements
The statements in this press release regarding Stratasys's expectations
of the benefits it will receive from the organizational changes it has
made, its intention to build on its strong track record of execution and
integration following its mergers, and its focus for 2015, are
forward-looking statements reflecting management's current expectations
and beliefs. These forward-looking statements are based on current
information that is, by its nature, subject to rapid and even abrupt
change. Due to risks and uncertainties associated with Stratasys'
business, actual results could differ materially from those projected or
implied by these forward-looking statements. These risks and
uncertainties include, but are not limited to: the risk that the
benefits that Stratasys expects from its organizational actions will not
materialize due to factors unknown to Stratasys at this time; changes in
market conditions may cause Stratasys to change its focus for 2015; and
other risk factors more fully explained under the caption "Risk Factors"
in Stratasys' most recent Annual Report on Form 20-F, filed with the
Securities and Exchange Commission (SEC) on March 3, 2014. Stratasys is
under no obligation (and expressly disclaims any obligation) to update
or alter its forward-looking statements, whether as a result of new
information, future events or otherwise, except as otherwise required by
the rules and regulations of the SEC.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20150224005352/en/
Jenifer Howard, +1-347-676-3932 (o)
News Provided by Acquire Media
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