Nano Dimension Appoints Yoav Stern as President & CEO
NESS ZIONA, Israel, Dec 11, 2019 - Nano Dimension Ltd., a leading additive electronics’ manufact provider (NASDAQ, TASE: NNDM), announced today the appointment of veteran turnaround executive, Yoav Stern as President and Chief Executive Officer, effective January 2, 2020. He will be succeeding the co-founder and current CEO Amit Dror, who is taking the executive role of Customer Success Officer reporting directly to Mr. Stern. Mr. Dror will also continue to serve as a director on the company’s Board of Directors.
Mr. Stern is a seasoned executive with a proven track record spanning decades in operating roles as CEO and Chairman as well as an active hand-on investor in hi-tech companies, specializing in machine vision, fiber optics, defense-tech, communication solutions, aerospace, and homeland security. Mr. Stern spent most of his operating career in the United States, running both public and private companies with global operations.
“The Board is pleased to have attracted a proven turnaround executive of Mr. Stern’s caliber to lead Nano Dimension,” said Avi Reichental, Chairman of the Board of Nano Dimension. “Throughout his career, Yoav successfully transitioned several promising advanced-tech companies into scalable growth, and that is exactly what Nano Dimension needs at this stage. We are very grateful to Amit Dror, co-founder and current CEO who together with the Board ably initiated and led the search for his successor, and will remain part of the company’s leadership team, serving as Customer Success Officer.”
“I am excited to take the leadership rains of a company with Nano Dimension technology and market potential,” said incoming President and CEO Yoav Stern. “I believe that world leading high caliber customer engagement combined with the technology stack that Nano Dimension has already developed is unprecedented. Nano Dimension offers unique capability in jetting the conductive and dielectric materials and embedding high performance components such as capacitors and coax. It positions the company for the kind of exponential growth in digital electronics manufacturing that I fully intend to drive, mirroring the traction and revenue generation growth that the mechanical 3D printing industry is exhibiting.”
“As co-founder of the company, I am proud of our success in converting our cutting-edge vision into a successful product that is changing the way electronics are made,” said Amit Dror, outgoing CEO. “While the company enjoys revenue growth, global recognition and increased adoption, I believe that we can do much better. After spending several months with Yoav, I concluded that he is the right person to lead us forward and have personally asked him to succeed me and realize the company’s full potential.”
Mr. Stern has built several successful companies from humble beginnings of $8M in annual revenues to $330M in annual revenues, through the development of effective strategies, rigorous execution that resulted in impressive organic growth and generated attractive M&A opportunities for scale. Mr. Stern has a B.Sc. Degree in Mathematics and Computer Science, a Diploma in Automation and Mechanical Engineering and an M.A. in International Relations from NYU.
About Nano Dimension
Nano Dimension (Nasdaq, TASE: NNDM) is a leading electronics provider that is disrupting, reshaping, and defining the future of how cognitive connected products are made. With its unique 3D printing technologies, Nano Dimension is targeting the growing demand for electronic devices that require increasingly sophisticated features. Demand for circuitry, including PCBs – which are the heart of every electronic device – covers a diverse range of industries, including consumer electronics, medical devices, defense, aerospace, automotive, IoT and telecom. These sectors can all benefit greatly from Nano Dimension’s products and services for rapid prototyping and short-run manufacturing. For more information, visit www.nano-di.com.