Shares of
3D Systems Corporation (NYSE:
DDD) were trading higher by more than 4 percent on Monday after the company
announced a new CEO to "accelerate the company's growth strategy."
3D Systems' Board of Directors appointed Vyomesh Joshi (VJ) as President and CEO, effective immediately. Joshi will replace Andy Johnson who was operating as head of the company on an interim basis.
Joshi is credited with doubling HP's printing business operating profits during an 11 year span with the company.
"I am incredibly excited about the future of 3D Systems. We have a tremendous opportunity to help customers take advantage of the era of manufacturing transformation, including mass customization," said VJ, President and CEO. "While the company has a strong history in place, it is clear that we need to develop new and innovative products with unprecedented quality and service levels to drive sustainable growth and profits."
"We are pleased to announce VJ's appointment as President and CEO of 3D Systems," said Wally Loewenbaum, Chairman of the 3D Systems Board of Directors. "VJ's significant experience scaling and strengthening technology-driven businesses, his expertise in product development and innovation, and his proven track record of operational excellence make him the ideal candidate to lead our company into its next era."
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