Change has been afoot at 3D Systems for a while, after Avi Reichental departed the company in 2015, the 3D printing pioneers have been recalibrating, doing away with the consumer arm and concentrating on what it has done best for decades; manufacturing and servicing industrial grade machinery. Today the company have announced its new CEO, one with vast experience in bringing profits to a printing company.
Vyomesh Joshi (VJ) was formerly the Vice President of imaging and printing at HP and is responsible for doubling the profits of the $26 billion printing business over an 11- year period.
VJ succeeds Interim-President and CEO Andrew Johnson, who will continue in his role of 3D Systems' Executive Vice President and Chief Legal Officer.
"I am incredibly excited about the future of 3D Systems. We have a tremendous opportunity to help customers take advantage of the era of manufacturing transformation, including mass customization," said VJ, President and CEO. "While the company has a strong history in place, it is clear that we need to develop new and innovative products with unprecedented quality and service levels to drive sustainable growth and profits."
"We are pleased to announce VJ's appointment as President and CEO of 3D Systems," said Wally Loewenbaum, Chairman of the 3D Systems Board of Directors. "VJ's significant experience scaling and strengthening technology-driven businesses, his expertise in product development and innovation, and his proven track record of operational excellence make him the ideal candidate to lead our company into its next era."
Lastly, "On behalf of the entire board, I want to thank Andy for his dedication and leadership as Interim-President and CEO," continued Loewenbaum