Seeking Alpha

CEO of Stratasys' MakerBot unit stepping down

  • Bre Pettis, MakerBot's co-founder and CEO, will be stepping down from his position to head an "Innovation Workshop" at Stratasys (NASDAQ:SSYS). In addition, MakerBot COO Aric Jennings will now become Stratasys' VP of global manufacturing.
  • MakerBot president Jenny Lawton is the unit's new CEO. Sales chief Frank Alfano is its new president.
  • Pettis has run the show at MakerBot as the company delivered blistering growth over the last two years and emerged as the clear leader in the consumer/enthusiast segment of the 3D printing market.
  • Last month, Stratasys reported MakerBot (aided by new partnerships and printer launches) had Q2 revenue of $33.6M, up from just $20.6M in Q1.
  • Stratasys -0.9% premarket.
Comments (2)
    , contributor
    Comments (5) | Send Message
    This will only help SYSS to become a more productive, leader on 3d and 4 d printing
    5 Sep 2014, 12:02 PM Reply Like
  • mackcap
    , contributor
    Comments (16) | Send Message
    Notice the stock dipped on the headline that only contained "he was stepping down".
    Sloppy headline.
    6 Sep 2014, 09:50 AM Reply Like
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