Stratasys' MakerBot Gets a New President

Two weeks after three-dimensional printing pioneer Stratasys (NASDAQ: SSYS  ) confirmed that it is buying smaller rival MakerBot in a $400 million deal, the company's new subsidiary is already cleaning house in preparation to receive its new owner.

On Monday, MakerBot announced that it has promoted Chief Strategy Officer Jennifer Lawton to the position of company president -- a move the company confirmed is "in conjunction with the acquisition announcement by MakerBot and Stratasys on June 19, 2013."

In making the announcement, MakerBot CEO and co-founder Bre Pettis called Lawton his "right hand," noting that "without Jenny we wouldn't be where we are today." Going forward, Lawton will be in charge of first overseeing the integration into Stratasys, and then "growing the company and managing a six-member leadership team managing products, sales, marketing, technology, finance, and manufacturing operations."

MakerBot says that after the acquisition is complete, it will continue to be run as an independent brand of Stratasys. Also, Pettis will continue to run the new Stratasys subsidiary.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2529023, ~/Articles/ArticleHandler.aspx, 8/29/2014 2:36:18 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement