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Change at the Top was Overdue

August 18, 2003

Filed under: additive manufacturing,legal — Terry Wohlers @ 07:46

Last week, 3D Systems announced that Brian Service had stepped down from his position as CEO of the company. For much of Service’s tenure, the company had struggled. Among the problems and challenges: The acquisition of DTM with active involvement from the U.S. Department of Justice; a host of lawsuits; a company reorganization; arbitration with Vantico; a potential NASDAQ delisting; an extensive investigation of accounting practices at the company; numerous layoffs; and a string of losing quarters. 

It’s unclear what took so long for 3D’s Board of Directors to make adjustments to the company’s top management. In April, CFO James Selzer, was terminated. In May, accountant Grant Flaharty agreed to step down from his position as president and COO. Subsequently, he was put in charge of sales for the Americas. Kevin McAlea, a former DTM vice president, has since been promoted to a senior position in charge of marketing and sales worldwide. With Kevin’s strong product and customer focus, this was a good move by the company.

Meanwhile, Brian Service will continue employment with 3D System for two more years. His job will be to “assist with various clients and transactions,” according to the Form 10-Q filed on August 11. His payment: Almost $0.5 million.