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Stratasys has accepted the resignation of Ilan Levin who departed his roles as Chief Executive Officer and Director on Friday June 1st, 2018.
The company, whose delivery of FDM and PolyJet 3D printing systems over the last 30 years has established it as one of the most renowned AM businesses, has appointed Elchanan Jaglom as the interim CEO. Jaglom, who is currently Chairman of the Board, will serve as CEO while a successor to Levin is recruited if he receives shareholder approval at an upcoming meeting.
Levin has held the post of CEO since July 2016, after succeeding David Reis who retired after 15 years and oversaw the Stratasys – Objet merger back in 2012. It was this merger that brought Levin into the company. He 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 alliance with Stratasys. After 23 months service as the CEO, the company has extended its thanks.
“The Board of Directors is appreciative of Ilan’s contributions to Stratasys and Objet for over 15 years,” commented Jaglom. “Ilan has implemented a number of key decisions as CEO that have kept the company strong and ready for future expansion. We thank Ilan for his dedicated leadership of our company during this phase in Stratasys’ history.”
Reacting to the departure, Stratasys has confirmed the appointment of an Oversight Committee to support the company during this transition. It comprises of Reis, Stratasys Director and Co-Founder, Scott Crump, and Dov Ofer. The company’s Board of Directors has also established an Executive Search Committee, consisting of Jaglom and Victor Leventhal, the Chairman of the Compensation Committee of the Company’s Board of Directors, to recruit the next CEO of Stratasys.
