Protolabs Announces Dan Schumacher as Chief Financial Officer

Rhea-AI Summary

Protolabs (NYSE: PRLB) has appointed Dan Schumacher as its new Chief Financial Officer (CFO), effective immediately. Schumacher previously served as the interim CFO, overseeing investor relations for nearly five years. His extensive experience includes roles at Stratasys and Rockwell Automation. The leadership transition aims to position Protolabs for continued growth in the digital manufacturing sector, which encompasses services such as injection molding and 3D printing. The company emphasizes its commitment to innovation and speed in manufacturing.

Positive

• Appointment of Dan Schumacher as CFO expected to enhance leadership.
• Schumacher's previous experience and knowledge may contribute positively to Protolabs' growth.
• Protolabs is positioned in a growing digital manufacturing sector.

Negative

• None.

MINNEAPOLIS--(BUSINESS WIRE)-- Protolabs (NYSE: PRLB), a leading online and technology-enabled digital manufacturer, has announced Dan Schumacher as its new Chief Financial Officer (CFO) effective immediately.

Dan Schumacher (Photo: Business Wire)

“I am very excited to officially welcome Dan as our new CFO,” said Rob Bodor, President and CEO at Protolabs. “During his time at Protolabs he has been a tremendous asset to our company and his knowledge and leadership will help us continue to grow Protolabs in the years to come.”

Schumacher was currently serving as interim CFO at Protolabs, where he has overseen the company’s investor relations for nearly five years in various leadership roles including Vice President of Investor Relations and FP&A. Before joining Protolabs, he held financial leadership roles at Stratasys and Rockwell Automation for more than a decade.

“I’ve witnessed firsthand the evolution of Protolabs as a leader in the digital manufacturing space and I am honored to have the opportunity to help the company remain well-positioned atop such an innovative industry with so much growth potential,” said Schumacher.

About Protolabs

Protolabs is the world’s leading provider of digital manufacturing services. The e-commerce-based company offers injection molding, CNC machining, 3D printing, and sheet metal fabrication to product developers, engineers, and supply chain teams across the globe. Protolabs serves customers using in-house production capabilities that bring unprecedented speed in tandem with Hubs, a Protolabs Company, which serves customers through its network of premium manufacturing partners. Together, they help companies bring new ideas to market with the fastest and most comprehensive digital manufacturing service in the world. Visit protolabs.com for more information.

Forward-Looking Statements

Statements contained in this press release regarding matters that are not historical or current facts are “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause the results of Protolabs to be materially different than those expressed or implied in such statements. Certain of these risk factors and others are described in the “Risk Factors” section within reports filed with the SEC. Other unknown or unpredictable factors also could have material adverse effects on Protolabs’ future results. The forward-looking statements included in this press release are made only as of the date hereof. Protolabs cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Protolabs expressly disclaims any intent or obligation to update any forward-looking statements to reflect subsequent events or circumstances.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220606005803/en/

Investor Relations Contact

Protolabs

Dan Schumacher, 763-479-7240

CFO

daniel.schumacher@protolabs.com

Media Contact

Protolabs

Brent Renneke, 701-741-7292

PR and Media Strategist

brent.renneke@protolabs.com

Source: Proto Labs, Inc.

FAQ

Who is the new CFO of Protolabs (PRLB)?

Dan Schumacher has been appointed as the new CFO of Protolabs, effective immediately.

What role did Dan Schumacher have before becoming CFO at Protolabs (PRLB)?

Dan Schumacher served as the interim CFO and oversaw investor relations for nearly five years prior to his appointment.

What is Protolabs' focus in the manufacturing sector?

Protolabs specializes in digital manufacturing services including injection molding, CNC machining, 3D printing, and sheet metal fabrication.

How might the appointment of Dan Schumacher affect Protolabs (PRLB)?

His leadership is expected to drive growth and innovation within Protolabs as it navigates the digital manufacturing space.