voxeljet AG: the Management of voxeljet AG Is Repositioning Itself

Rhea-AI Summary

voxeljet AG, a provider of high-speed, large-format 3D printers and on-demand parts services, announced a major management restructuring following its delisting from NASDAQ and de-registration. Dr. Ingo Ederer, the company's founder, will step down as CEO and Management Board member on June 30, 2024, but will continue as an advisor to ensure a smooth transition. Rudolf Franz, the current CFO, will succeed him as CEO and will collaborate with the extended management team to drive the company's growth. The Supervisory Board expressed gratitude to Dr. Ederer for his contributions and endorsed Franz's deep understanding of voxeljet's technologies, markets, and strategic goals.

Positive

• The past year has been the most successful in voxeljet's history.
• Rudolf Franz, the new CEO, has extensive knowledge of voxeljet's technologies, markets, and strategic roadmap.

Negative

• Delisting from NASDAQ and de-registration could impact investor confidence.

AUGSBURG, Germany--(BUSINESS WIRE)-- voxeljet AG (OTCMKTS: VJTTY) (the ‘Company’, ‘voxeljet’, or ‘we’), a provider of high-speed, large-format 3D printers and on-demand parts services to industrial and commercial customers, today announced that, following the de-listing from NASDAQ and the de-registration in the second quarter of this year, the management of voxeljet AG is reorganizing and is initiating a generational change.

Dr. Ingo Ederer, founder of the company, will complete his contract as CEO and member of the Management Board as of June 30, 2024. Dr. Ingo Ederer will continue to be available to the company in an advisory capacity to ensure a smooth transition.

"I look back proudly on the last 25 years, during which voxeljet has celebrated numerous successes," explains Dr. Ederer. "The past year has been the most successful in the history of our company, and this would not have been possible without the dedication and hard work of our entire team. I am now looking forward to supporting my colleagues as they continue the company’s growth journey."

Rudolf Franz, who was previously the Chief Financial Officer, will serve as CEO and lead the company together with the extended management team. "I would like to thank Ingo for the trusting cooperation over the past 20 years and look forward to his support in the future," explains Rudolf Franz.

The Supervisory Board would like to thank Dr. Ederer for his many years of tireless commitment to developing voxeljet into a leading provider of 3D printing technologies. The Supervisory Board commends Rudolf Franz at his selection as the next CEO of voxeljet, where he will contribute his extensive knowledge of all aspects of voxeljet, including the Company’s technologies, markets and strategic roadmap to grow voxeljet’s global business.

ABOUT VOXELJET

voxeljet’s roots reach back to the year 1995 with the first successful dosing of UV-resins. In the context of a "hidden" project, initial 3D-printing tests are performed at the Technical University Munich. Our company was founded on May 5, 1999 as a spin-off from TUM in Munich with a clear vision in mind: to establish a new manufacturing standard by developing new generative processes for the series-production of complex components using 3D printing. In the beginning, operations are launched with four employees at the TUM. Today, we are a globally acting, leading provider of high-speed, large-format 3D printers and on-demand 3D printed parts to industrial and commercial customers. Components manufactured with the help of our technology are flying in space, make mobility more efficient and the production of new engineering solutions possible. Visit our website www.voxeljet.com, and follow us on LinkedIn, or on Twitter.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240619656215/en/

Johannes Pesch

Director Purchasing, Business Development & Investor Relations

Phone: +49 (821) 7483 172

johannes.pesch@voxeljet.com

Source: voxeljet AG

FAQ

Why did voxeljet AG (VJTTY) delist from NASDAQ?

The press release does not specify the reason, but voxeljet AG delisted from NASDAQ and de-registered in the second quarter of this year.

When is Dr. Ingo Ederer stepping down as CEO of voxeljet AG (VJTTY)?

Dr. Ingo Ederer will step down as CEO and Management Board member on June 30, 2024.

Who will succeed Dr. Ingo Ederer as CEO of voxeljet AG (VJTTY)?

Rudolf Franz, the current CFO, will succeed Dr. Ingo Ederer as CEO of voxeljet AG.

What role will Dr. Ingo Ederer have after stepping down as CEO of voxeljet AG (VJTTY)?

Dr. Ingo Ederer will continue to advise the company to ensure a smooth transition.