Nano Dimension has appointed Ofir Baharav as its new Chief Govt Officer, efficient instantly.
Baharav joined the corporate’s board of administrators in December 2024 alongside Robert Pons and rather than Yoav Stern and Michael Garrett. He now will even change Stern as CEO, with Nano saying the appointment underscores the corporate’s ‘dedication to swiftly realising merger synergies, restoring profitability, and delivering substantial shareholder worth.’ In keeping with his appointment as CEO, Baharav has resigned from the Board, with Pons turning into Chairman.
Nano Dimension says Baharav has a ‘confirmed monitor report in transformation and innovation,’ whereas additionally carrying expertise in capital gear for the electronics business and additive manufacturing. He has beforehand labored as CEO of Maxify, VP Merchandise at Stratasys, CEO at Xjet, EVP Merchandise at Credence Methods, and President at Optonics, and has already made his mark as a part of the Nano board. Since turning into Chairman in December, Nano Dimension has supported the realignment of the corporate’s R&D and gross sales on services and products, applied quick measures to scale back G&A bills by round 20 million USD of totally annualised financial savings by year-end, and efficiently negotiated with CFIUS to take away restrictive limitations on post-merger price reductions and synergy realisation. He has additionally initiated modification proposals to the Articles of Affiliation (pending shareholder approval) together with removing of poison capsule to ‘higher align with shareholder pursuits.’
“Mr. Baharav’s confirmed means to drive strategic change and operational effectivity is exactly what Nano Dimension wants at this important juncture,” acknowledged Robert Pons, Nano Dimension new Chairman of the board of administrators, “His deep business experience and management will likely be instrumental in navigating the mixing, attaining fast profitability, and delivering important worth to our shareholders.”
“We’re assured that Mr. Baharav’s management will drive the fast and decisive actions vital to attain profitability and refocus the corporate,” mentioned David Stehlin, a Board Director, “His mixed experience in electronics and additive manufacturing is uniquely suited to our strategic path, guaranteeing we capitalise on the numerous alternatives forward.”
Julien Lederman, who has been serving as Interim CEO, will now proceed to work for the corporate as Chief Enterprise Officer. Zivi Nedivi, President, and Tomer Pinchas, Chief Monetary Officer and Chief Working Officer, are departing the Firm.
Earlier this month, Nano Dimension accomplished its acquisition of Desktop Metallic in a deal value $179.3 million ($5.295 per share).
