WALTHAM, Mass. – Nano Dimension Ltd . (NASDAQ:), a provider of digital manufacturing solutions, announced the immediate appointment of Mr. Julien Lederman as Interim Chief Executive Officer following the termination of Mr. Yoav Stern’s role as CEO. The change comes after Stern (AS:) was not re-elected as a director at the company’s annual general meeting on December 6, 2024.
Mr. Lederman, who has been with Nano Dimension since March 2021 as the Vice President of Corporate Development, brings a wealth of experience from previous roles at Amazon.com (NASDAQ:), Inc., The Goldman Sachs Group (NYSE:), Inc., Lehman Brothers Holdings, Inc., and the World Economic Forum. He is an INSEAD MBA graduate and holds a BA from Colgate University.
The Chairman of the Board, Mr. Ofir Baharav, expressed confidence in Lederman’s capability to lead the company during this transitional phase. The board is actively conducting a comprehensive search for a permanent CEO.
Nano Dimension specializes in digital manufacturing technologies for various sectors, including aerospace, defense, automotive, industrial, medical technology, and academia. Their offerings facilitate prototyping, high-mix-low-volume production, and provide intellectual property security and design-for-manufacturing capabilities.
The company’s leadership transition marks the beginning of a new phase for Nano Dimension, as indicated in the press release statement. However, it is important to note that forward-looking statements involve risks and uncertainties, and the company’s actual results may differ materially from those projected.
This article is based on a press release statement from Nano Dimension Ltd. and is intended to report factual information without bias.
In other recent news, Nano Dimension Ltd. has undergone a significant reorganization of its Board of Directors. The newly structured board includes Ofir Baharav as Chairman, with Robert Pons, Dr. Joshua Rosensweig, and Kenneth Traub serving as members. This change follows the resignation of several previous members and is a result of recent shareholder meetings and a court ruling.
Nano Dimension has also reported a 29% organic revenue growth in 2023 and a 69% reduction in cash burn in the first half of 2024 compared to the same period in 2023. The company has completed over $160 million in share repurchases since August 2022. Additionally, the acquisitions of Desktop Metal, Inc. and Markforged Holding Corporation are expected to enhance Nano Dimension’s product offerings, customer base, and financial strength.
The company has faced opposition from Murchinson Ltd., which has been criticized for attempting to disrupt Nano Dimension’s strategic initiatives. Despite this, Nano Dimension and defense technology company HENSOLDT AG have extended their joint venture, Jetted Additively Manufactured Electronics Sources GmbH (J.A.M.E.S), aiming to promote the adoption of Additively Manufactured Electronics (AME) technology.
These are recent developments in Nano Dimension’s strategic transition towards Industry 4.0 and its consolidation in the additive manufacturing sector. The company’s management team has outlined a four-step plan to reach EBITDA positivity by the fourth quarter of 2026.
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