Stratasys CEO Ilan Levin is Resigning
3D printing pioneer Stratasys is losing its CEO at the end of the month. Ilan Levin announced his intention to resign from his post effective June 1.
The company’s current chairman of the board, Elchanan “Elan” Jaglom, will be designated its interim CEO while a search for an official replacement is conducted.
No reason was disclosed for Levin’s resignation.
In a statement Tuesday, Jaglom said the board was “appreciative” of Levn’s nearly two decades of contribution. “Ilan has implemented a number of key decisions as CEO that have kept the company strong and ready for future expansion,” he said. “We thank Ilan for his dedicated leadership of our company during this phase in Stratasys’ history.”
In 2012, Levin officially joined Stratasys, a 3D printer manufacturer with a split headquarters in Eden Prairie and Israel. Since the start of the millennium, Levin had been working at a competitor, Objet, in a variety of roles including president. When the Stratasys and Object merged, Levin took over as CEO and has run the company since.
Stratasys’ printers have been utilized by both startups and Fortune 500 companies, as well as government agencies, to construct aligners for teeth, scalable body parts for practice surgeries, as well as submarines and rocket ships.
An Oversight Committee was formed to help manage Stratasys while the hunt is on for Levin’s replacement. The committee is comprised of David Rice — Stratasys’ board vice chairman and former CEO — and additional directors Scott Crump and Dov Offer.
Levin will continue to provide consulting services to Stratasys as needed, while Jaglom awaits shareholder approval for his appointment as interim CEO. Such approval is needed for Jaglom to serve as CEO and board chair simultaneously, due to Israeli law. A meeting date for the approval decision has not yet been announced.