MakerBot shuffles CEO
The co-founder of the 3D printer company steps down to take on a new leadership role at its parent company, Stratasys.
MakerBot CEO Bre Pettis will step down as CEO of the company he co-founded, but he won't go far.
MakerBot President Jenny Lawton will take over as chief executive, while Pettis will shift away from the 3D printer maker in order to work for MakerBot's parent company, Stratasys.
Stratasys, also a 3D printer company, is giving Pettis the responsibility of running its new "Innovation Workshop," although few details have been released on his role or the nature of the new business.
The changes are due to take place between the third and fourth quarter, potentially leading in to next year. In addition to the CEO's change of role, Frank Alfano is being moved from MakerBot chief revenue officer to president, and MakerBot Chief Operations Officer Aric Jennings will become vice president of global manufacturing for Stratasys.
Stratasys acquired MakerBot in early 2013 for over $400 million. While Stratasys clients include NASA and BMW, MakerBot proved to be a valuable resource by giving Stratasys access to the startup's community of designers, consumer-based 3D printers, "prosumer" ecosystem, and tools.
MakerBot was founded in 2009 through angel investment, with the mission of making 3D printers affordable for the general public. It sells a range of 3D printers, ranging in price from just over $1,000 to $7,000.
In his new role, Pettis "will be able to influence and direct the vision of MakerBot and Stratasys," Stratasys CEO David Reis said in a statement.
MakerBot is based in New York. Stratasys has headquarters in both the US and Israel.
This story originally posted as "MakerBot CEO steps down to head Stratasys 'Innovation Workshop" on ZDNet.