Nano Dimension Appoints Ofir Baharav as CEO
Nano Dimension (NNDM) has appointed Ofir Baharav as its new Chief Executive Officer, effective immediately. The appointment aims to accelerate merger synergies with Desktop Metal and Markforged while focusing on restoring profitability. Robert Pons will become Chairman of the Board.
Since becoming Chairman in December 2024, Baharav has implemented several key initiatives including:
- Strategic R&D and sales realignment
- G&A cost reduction targeting $20 million annual savings
- Successful CFIUS negotiations for post-merger efficiencies
- Governance enhancements and poison pill removal
- Operational optimization in U.S. and China
The leadership transition includes the departure of President Zivi Nedivi and CFO/COO Tomer Pinchas, while Julien Lederman transitions from Interim CEO to Chief Business Officer, focusing on post-merger integration and corporate transformation.
Nano Dimension (NNDM) ha nominato Ofir Baharav come nuovo Amministratore Delegato, con effetto immediato. Questa nomina mira ad accelerare le sinergie di fusione con Desktop Metal e Markforged, concentrandosi nel contempo sul ripristino della redditività. Robert Pons diventerà Presidente del Consiglio di Amministrazione.
Da quando è diventato Presidente nel dicembre 2024, Baharav ha implementato diverse iniziative chiave, tra cui:
- Riorganizzazione strategica della R&D e delle vendite
- Riduzione dei costi generali e amministrativi mirata a un risparmio annuale di 20 milioni di dollari
- Negoziazioni CFIUS di successo per efficienze post-fusione
- Miglioramenti nella governance e rimozione della pillola avvelenata
- Ottimizzazione operativa negli Stati Uniti e in Cina
Il passaggio di leadership include le dimissioni del Presidente Zivi Nedivi e del CFO/COO Tomer Pinchas, mentre Julien Lederman passa da CEO ad interim a Chief Business Officer, concentrandosi sull'integrazione post-fusione e sulla trasformazione aziendale.
Nano Dimension (NNDM) ha nombrado a Ofir Baharav como su nuevo Director Ejecutivo, con efecto inmediato. El nombramiento tiene como objetivo acelerar las sinergias de fusión con Desktop Metal y Markforged, mientras se centra en restaurar la rentabilidad. Robert Pons se convertirá en Presidente de la Junta.
Desde que asumió como Presidente en diciembre de 2024, Baharav ha implementado varias iniciativas clave, incluyendo:
- Alineación estratégica de I+D y ventas
- Reducción de costos generales y administrativos con un objetivo de ahorro anual de 20 millones de dólares
- Negociaciones exitosas de CFIUS para eficiencias post-fusión
- Mejoras en la gobernanza y eliminación de la píldora venenosa
- Optimización operativa en EE. UU. y China
La transición de liderazgo incluye la salida del Presidente Zivi Nedivi y del CFO/COO Tomer Pinchas, mientras que Julien Lederman pasa de CEO interino a Director de Negocios, centrándose en la integración post-fusión y la transformación corporativa.
나노 디멘션(NNDM)은 오피르 바하라브를 새로운 CEO로 즉시 임명했습니다. 이번 임명은 데스크탑 메탈과 마크포지드와의 합병 시너지를 가속화하고 수익성 회복에 집중하기 위한 것입니다. 로버트 폰스가 이사회 의장이 됩니다.
2024년 12월 의장이 된 이후 바하라브는 다음과 같은 여러 주요 이니셔티브를 시행했습니다:
- 전략적 R&D 및 판매 재조정
- 2천만 달러의 연간 절감을 목표로 하는 G&A 비용 절감
- 합병 후 효율성을 위한 성공적인 CFIUS 협상
- 거버넌스 개선 및 독소 조항 제거
- 미국 및 중국에서의 운영 최적화
리더십 전환에는 사장 지비 네디비와 CFO/COO 토머 핀차스의 퇴임이 포함되며, 줄리앙 레더맨은 임시 CEO에서 비즈니스 책임자로 전환하여 합병 후 통합 및 기업 변혁에 집중합니다.
Nano Dimension (NNDM) a nommé Ofir Baharav comme nouveau PDG, avec effet immédiat. Cette nomination vise à accélérer les synergies de fusion avec Desktop Metal et Markforged tout en se concentrant sur le rétablissement de la rentabilité. Robert Pons deviendra président du conseil d'administration.
Depuis qu'il est devenu président en décembre 2024, Baharav a mis en œuvre plusieurs initiatives clés, notamment:
- Réorganisation stratégique de la R&D et des ventes
- Réduction des coûts généraux et administratifs visant à économiser 20 millions de dollars par an
- Négociations CFIUS réussies pour des gains d'efficacité post-fusion
- Améliorations de la gouvernance et suppression de la pilule empoisonnée
- Optimisation opérationnelle aux États-Unis et en Chine
La transition de leadership inclut le départ du président Zivi Nedivi et du CFO/COO Tomer Pinchas, tandis que Julien Lederman passe de PDG par intérim à directeur des affaires, se concentrant sur l'intégration post-fusion et la transformation de l'entreprise.
Nano Dimension (NNDM) hat Ofir Baharav sofort zum neuen CEO ernannt. Die Ernennung zielt darauf ab, die Synergien der Fusion mit Desktop Metal und Markforged zu beschleunigen und gleichzeitig die Rentabilität wiederherzustellen. Robert Pons wird Vorsitzender des Vorstands.
Seit seiner Ernennung zum Vorsitzenden im Dezember 2024 hat Baharav mehrere wichtige Initiativen umgesetzt, darunter:
- Strategische Neuausrichtung von F&E und Vertrieb
- Reduzierung der allgemeinen und administrativen Kosten mit dem Ziel, jährlich 20 Millionen Dollar einzusparen
- Erfolgreiche CFIUS-Verhandlungen zur Effizienzsteigerung nach der Fusion
- Verbesserungen in der Unternehmensführung und Streichung der Giftpille
- Betriebliche Optimierung in den USA und China
Der Führungswechsel umfasst den Rücktritt von Präsident Zivi Nedivi und CFO/COO Tomer Pinchas, während Julien Lederman vom Interim-CEO zum Chief Business Officer wechselt und sich auf die Integration nach der Fusion und die Unternehmensumwandlung konzentriert.
- Expected $20M annual cost savings from G&A reductions
- Removal of CFIUS restrictions enabling merger synergies
- Strategic realignment of R&D and sales operations
- Streamlined operations in key markets (U.S. and China)
- Implementation of performance metrics and accountability systems
- Significant executive turnover with departure of President and CFO/COO
- Multiple concurrent organizational changes may create short-term disruption
Mr. Baharav to Drive Critical Desktop Metal and Markforged Strategic Integration Towards Growth Outlook that Can Deliver Financial Results
Robert Pons to Become Chairman of the Board
Waltham, Massachusetts, April 08, 2025 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM), a digital manufacturing leader, today announced the appointment of Mr. Ofir Baharav as its new Chief Executive Officer, effective immediately. This strategic move underscores the Company's commitment to swiftly realizing merger synergies, restoring profitability, and delivering substantial shareholder value.
The Board of Directors, having worked closely with Mr. Baharav as Chairman, recognized his unique qualifications. Mr. Baharav has a proven track record in transformation and innovation, along with a deep background in capital equipment for the electronics industry and additive manufacturing, 3D printing technologies, making him the ideal candidate to lead Nano Dimension through this pivotal phase.
“Mr. Baharav’s proven ability to drive strategic change and operational efficiency is precisely what Nano Dimension needs at this critical juncture,” stated Robert Pons, Nano Dimension new Chairman of the board of directors, “His deep industry expertise and leadership will be instrumental in navigating the integration, achieving rapid profitability, and delivering significant value to our shareholders.”
Mr. Baharav brings nearly three decades of experience in capital equipment, spanning additive manufacturing and electronics. His prior roles as CEO of Maxify, VP Products at Stratasys, CEO at Xjet, EVP Products at Credence Systems, and President at Optonics, demonstrate a consistent pattern of driving strategic vision, technological innovation, cost optimization, and accelerated growth.
Driven by a passion to build disruptive manufacturing technology organizations, but also the capabilities to drive necessary transformation, Mr. Baharav has already stewarded significant changes since becoming Chairman on December 15th, 2024, including:
| ● | Strategic Realignment: Refocused R&D and sales on products and services where the Company can innovate, maintain long-term competitiveness, and partner with customers in the fabrication of high-value, high-performance applications. | |
| ● | Cost Reduction: Implemented immediate measures to reduce G&A expenses, which are expected to deliver over | |
| ● | High-impact Negotiations: Successfully negotiated with CFIUS to remove restrictive limitations on post-merger cost reductions and synergy realization, enabling the company to achieve projected operational efficiencies. | |
| ● | Governance Enhancement: Initiated amendment proposals to the Articles of Association (pending shareholder approval) along with removal of poison pill to better align with shareholder interests, which reinforces transparency and accountability. | |
| ● | Operational Optimization: Streamlined and relocated field operations to enhance sales in the U.S. and China, improving market penetration and customer responsiveness. | |
| ● | Accountability and Transparency: Implemented comprehensive performance metrics and reporting systems, ensuring clear accountability and data-driven decision-making. |
“We are confident that Mr. Baharav’s leadership will drive the rapid and decisive actions necessary to achieve profitability and refocus the company,” said David Stehlin, a Board Director, “His combined expertise in electronics and additive manufacturing is uniquely suited to our strategic direction, ensuring we capitalize on the significant opportunities ahead.”
The board wishes to thank Mr. Julien Lederman for his strong leadership and execution having stepped into the role of Interim CEO in the most challenging of times with both board and management completely afresh. As Nano Dimension’s Chief Business Officer, Mr. Lederman will be leading the corporate transformation with a strategic focus on post merger integration, communications, investor relations, along with spearheading a systematic operational planning and performance tracking framework to drive organizational excellence and accountability.
“It is a privilege to lead Nano Dimension in creating value for shareholders, working with a talented cohort of colleagues and partnering with industry leading customers. Nano Dimension, which now includes Desktop Metal and is expected to include Markforged, is composed of exciting opportunities to build an enduring digital manufacturing leader. Strategic integration efforts and transformations are underway, creating an exceptional company - one with a sustainable business model built upon innovative technologies focused on high value applications for digital manufacturing that will deliver financial results. I want to thank Mr. Lederman for his leadership during this time, and I look forward to working closely with him.”
Mr. Zivi Nedivi, President, and Mr. Tomer Pinchas, Chief Financial Officer and Chief Operating Officer are departing the Company. Mr. Baharav has resigned from the Board, while Robert Pons, a director since December 2024, becomes Chairman of the board.
About Nano Dimension
Driven by strong trends in onshoring, national security, and increasing product customization, Nano Dimension (Nasdaq: NNDM) delivers advanced Digital Manufacturing technologies to the defense, aerospace, automotive, electronics, and medical devices industries, enabling rapid deployment of high-mix, low-volume production with IP security and sustainable manufacturing practices.
For more information, please visit https://www.nano-di.com/.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements regarding Nano’s future growth, strategic plan and value to shareholders, and all other statements other than statements of historical fact that address activities, events or developments that Nano intends, expects, projects, believes or anticipates will or may occur in the future. Such statements are based on management’s beliefs and assumptions made based on information currently available to management. These forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company’s actual results and performance to be materially different from those expressed or implied in the forward-looking statements. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, estimates and uncertainties that are difficult to predict. Because such statements deal with future events and are based on the current expectations of Nano, they are subject to various risks and uncertainties. These risks and certainties include, but are not limited to, Mr. Baharav's ability to successfully navigate the integration of the newly acquired companies, or to take such actions necessary to achieve profitability, refocus the Company and deliver significant value to our shareholders. The forward-looking statements contained or implied in this communication are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Nano’s annual report on Form 20-F filed with the Securities and Exchange Commission (the “SEC”) on March 21, 2024, and in any subsequent filings with the SEC. Except as otherwise required by law, Nano undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this communication.
Investors: Moshe Rozenbaum, VP Corporate Development | ir@nano-di.com
Media: Kal Goldberg / Bryan Locke / Kelsey Markovich | NanoDimension@fgsglobal.com
FAQ
What strategic changes has Ofir Baharav implemented at NNDM since December 2024?
How much cost savings is NNDM expecting from their recent restructuring?
What is the status of NNDM's merger with Desktop Metal and Markforged?
What leadership changes occurred at NNDM in April 2025?
