Formlabs names Dan Riccio strategic advisor

Key Takeaways

• Formlabs appoints Dan Riccio, former Apple Senior Vice President of Hardware Engineering, as a strategic advisor
• Riccio invests in Formlabs, joining board member Rob Willett
• Max Lobovsky becomes chairman of the board, while Dávid Lakatos is named president and joins the board of directors
• Formlabs expands its leadership team to drive growth and technology innovation
• The company aims to strengthen its position in industrial and professional 3D printing

Introduction to Formlabs' New Strategic Advisor

Formlabs, a leading professional 3D printing company, has announced a series of changes to its board of directors. The company has appointed Dan Riccio, former Senior Vice President of Hardware Engineering at Apple, as a strategic advisor. Riccio brings over two decades of experience in shaping Apple's hardware products, including the iPhone, iPad, and Mac.

Riccio's Role and Investment in Formlabs

In his new role, Riccio will advise Formlabs' leadership team on product development, design rigor, and operational scaling. He will also make a personal investment in the company, joining board member Rob Willett, former CEO of Cognex Corporation. This investment demonstrates Riccio's confidence in Formlabs' potential for growth and innovation in the 3D printing industry.

Comparison of Formlabs' Leadership Team

Expansion of Formlabs' Leadership Team

Formlabs has also announced changes to its leadership team, with Max Lobovsky assuming the role of chairman of the board. Dávid Lakatos, the company's chief product officer, has been named president and will join the board of directors. Nadia Shouraboura, a former member of Amazon's executive leadership team, will take on the role of lead director. These appointments aim to drive growth and innovation in Formlabs' industrial and professional 3D printing platform.

Formlabs' Growth and Revenue

Formlabs has achieved significant growth, with annual revenues surpassing $250 million. The company has printed over 500 million parts across various industries, including engineering, manufacturing, healthcare, and education. With its expanded leadership team and strategic advisor, Formlabs is well-positioned to drive further innovation and growth in the 3D printing industry.

Bottom Line

Formlabs' appointment of Dan Riccio as a strategic advisor and the expansion of its leadership team demonstrate the company's commitment to driving growth and innovation in the 3D printing industry. With its strong leadership team and strategic investments, Formlabs is poised to strengthen its position as a leading professional 3D printing company. As the company continues to expand its industrial and professional 3D printing platform, it is likely to have a significant impact on the industry, enabling businesses and individuals to bring their ideas to life with greater ease and precision.