Terem Named Markforged President and CEO, Mark Transitions to Chair

October 29, 2020

Markforged has announced the promotion of Shai Terem to president and CEO, with company founder Gregory Mark transitioning to the role of chair. These moves are the results of a planned succession, according to company officials, who note that they are designed to position Markforged for its next phase of growth as the company continues to scale.

As CEO, Terem will lead the development and execution of short- and long-term strategies and day-to-day operations. Since joining Markforged in December 2019 as president and COO, Terem has reorganized the go-to-market organization to have a channel-first approach while building a growth infrastructure. Previously, he served as president of the Americas region at Kornit Digital, involved in 2D digital printing for textiles, and held various product marketing, finance and operations roles with Stratasys.

“I have been fortunate to spend the majority of my career in this industry,” Terem says. “It is an honor to take the helm of such a pioneering company, and I’m eager to play my part in our mission to reinvent manufacturing.”

Says, Mark, who has led the company for the past seven years as CEO: “We have parts flying in space, and on commercial and military jets; we have hundreds of thousands of parts used by frontline workers to fight COVID. All are printed on a platform that is robust enough for end-use aerospace, and affordable to high schools and colleges. We have democratized metal and carbon-fiber 3D printing, and we’re just getting started. 

“We believe Shai will continue this progression and grow into more factories, schools and design shops around the world,” Mark continues. “With his operator chops and considerable additive manufacturing (AM) experience, Shai has the right combination of skills to continue our rapid growth.”

In his new role as chairman, Mark will focus on promoting the adoption of the company’s AM platform among engineers, designers and manufacturing professionals worldwide.

“We believe the pandemic has shown just how essential AM will be in a world where supply chains need to more nimble, adaptable and resilient,” says Michael Medici, a managing director at Summit Partners and member of Markforged’s board of directors. “Greg has built a strong foundation for innovation that he will continue to develop as Shai works to scale the organization from successful startup to a pillar technology company of our time.”
Industry-Related Terms: Scale
View Glossary of Metalforming Terms


See also: Markforged

Technologies: Additive Manufacturing


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