Nano Dimension Appoints Ofir Baharav as CEO to Lead Growth and Transformation!

Nano Dimension Ltd. (Nasdaq: NNDM), a leader in digital manufacturing, has announced the appointment of Mr. Ofir Baharav as the new Chief Executive Officer, effective immediately. This move highlights the company’s commitment to swiftly realizing merger synergies, restoring profitability, and delivering substantial shareholder value during a pivotal phase in its transformation.

Mr. Baharav brings nearly three decades of expertise in capital equipment for the electronics industry and additive manufacturing, making him the ideal candidate to drive Nano Dimension’s vision forward. As the former CEO of Maxify, VP of Products at Stratasys, CEO at Xjet, EVP of Products at Credence Systems, and President at Optonics, he has a strong track record of driving innovation, cost optimization, and accelerated growth across several prominent companies in the industry.

“Mr. Baharav’s proven ability to drive strategic change and operational efficiency is precisely what Nano Dimension needs at this critical juncture,” stated Robert Pons, the new Chairman of Nano Dimension’s board of directors. “His deep industry expertise and leadership will be instrumental in navigating the integration, achieving rapid profitability, and delivering significant value to our shareholders.”

Since taking on the role of Chairman on December 15, 2024, Mr. Baharav has already led significant changes within the company, including:

• Strategic Realignment: Refocusing R&D and sales efforts on products and services that foster innovation, maintain competitiveness, and enable collaboration with customers on high-value, high-performance applications.
• Cost Reduction: Implementing measures to reduce General & Administrative (G&A) expenses, expected to yield over $20 million in annual savings by the end of the year, with further reductions anticipated through operational consolidation after the merger.
• High-Impact Negotiations: Successfully negotiated with CFIUS (Committee on Foreign Investment in the United States) to remove restrictions on post-merger cost reductions and synergies, allowing the company to achieve greater operational efficiencies.
• Governance Enhancement: Introducing amendments to the Articles of Association and removing the poison pill to align more closely with shareholder interests, enhancing transparency and accountability.
• Operational Optimization: Streamlining and relocating field operations to improve sales in U.S. and China, bolstering market penetration and customer responsiveness.
• Accountability and Transparency: Implementing performance metrics and reporting systems to ensure clear accountability and data-driven decision-making.

“Mr. Baharav’s leadership will drive the rapid and decisive actions necessary to achieve profitability and refocus the company,” said David Stehlin, Board Director. “His combined expertise in electronics and additive manufacturing is uniquely suited to our strategic direction, ensuring we capitalize on the significant opportunities ahead.”

Mr. Julien Lederman will continue his leadership role as Chief Business Officer, focusing on post-merger integration, corporate communications, investor relations, and operational excellence. The Board has expressed gratitude to Mr. Lederman for stepping in as interim CEO and guiding the company through challenging times.

“I look forward to working closely with Mr. Lederman and our team to create a sustainable and innovative business model focused on high-value digital manufacturing applications,” said Mr. Baharav. “Nano Dimension, along with Desktop Metal and Markforged, has the opportunity to become a digital manufacturing leader in the industry.”

Additionally, Mr. Zivi Nedivi, President, and Mr. Tomer Pinchas, CFO and COO, will be departing the company, with Robert Pons assuming the role of Chairman of the board.

With Mr. Baharav’s appointment and the strategic changes in place, Nano Dimension is poised to lead the digital manufacturing sector through its integration efforts and innovations in additive manufacturing technologies.