3D Systems Appoints Phyllis Nordstrom as Interim Chief Financial Officer Following Departure of Jeffrey D. Creech

3D Systems appoints Phyllis Nordstrom as Interim CFO following Jeffrey D. Creech's resignation.

Quiver AI Summary

3D Systems announced that Jeffrey D. Creech will step down as Chief Financial Officer on August 29, 2025, to pursue a new opportunity. Phyllis Nordstrom, currently the Executive Vice President and Chief Administrative Officer, has been appointed to serve as Interim CFO starting from that date. CEO Dr. Jeffrey Graves expressed gratitude for Creech's contributions to the company and confidence in Nordstrom's leadership abilities, noting her strong financial background and successful track record in various roles within the company. Nordstrom has been with 3D Systems since 2021, overseeing global human resources, internal audit, compliance, IT, and cybersecurity.

Potential Positives

Phyllis Nordstrom, a proven leader with a successful track record at 3D Systems, has been appointed as Interim CFO, ensuring continuity in leadership.
Nordstrom's extensive background in finance, accounting, and risk management positions her to effectively manage the company's financial responsibilities during the transition.
The announcement emphasizes the company's ongoing commitment to strategic initiatives, such as manufacturing insourcing and cost improvement plans, which are driving improvements in operational performance.

Potential Negatives

Jeffrey D. Creech is stepping down as CFO, which may indicate instability in the company's financial leadership.
Phyllis Nordstrom is being appointed as Interim CFO, suggesting a lack of sufficient internal candidates for the position, which could raise concerns about succession planning.
The press release does not detail the reasons behind Creech's departure beyond "a new career opportunity," leaving potential questions about the circumstances surrounding this change.

FAQ

Who has been appointed Interim CFO of 3D Systems?

Phyllis Nordstrom has been appointed as Interim Chief Financial Officer effective August 29, 2025.

Why is Jeffrey D. Creech stepping down?

Jeffrey D. Creech is stepping down to accept a new career opportunity.

What are Phyllis Nordstrom's current roles at 3D Systems?

She currently serves as Executive Vice President, Chief People Officer, and Chief Administrative Officer.

What is Phyllis Nordstrom's professional background?

She has extensive experience in finance, accounting, and risk management from various leadership roles.

What is the focus of 3D Systems?

3D Systems focuses on transforming manufacturing through 3D printing technologies and solutions across various industries.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$DDD Hedge Fund Activity

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STATE STREET CORP added 3,917,021 shares (+65.6%) to their portfolio in Q2 2025, for an estimated $6,032,212
EXCHANGE TRADED CONCEPTS, LLC removed 3,203,001 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $6,790,362
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UBS GROUP AG added 2,210,799 shares (+578.8%) to their portfolio in Q2 2025, for an estimated $3,404,630
MILLENNIUM MANAGEMENT LLC added 1,535,036 shares (+94.8%) to their portfolio in Q2 2025, for an estimated $2,363,955
ROYAL BANK OF CANADA removed 1,368,152 shares (-89.5%) from their portfolio in Q2 2025, for an estimated $2,106,954
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$DDD Analyst Ratings

Wall Street analysts have issued reports on $DDD in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

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Cantor Fitzgerald issued a "Overweight" rating on 03/28/2025

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Full Release

3D Systems’ Executive Vice President, Phyllis Nordstrom to Serve as Interim Chief Financial Officer

ROCK HILL, S.C., Aug. 20, 2025 (GLOBE NEWSWIRE) -- Today, 3D Systems (NYSE: DDD) announced that Jeffrey D. Creech is stepping down as the company’s Chief Financial Officer, effective August 29, 2025, to accept a new career opportunity. Phyllis Nordstrom, 3D Systems’ Executive Vice President, Chief Administrative Officer, has been appointed Interim CFO, effective August 29, 2025.

“I want to thank Jeff for his dedication and leadership as we have executed on key strategic initiatives such as our manufacturing insourcing and cost improvement plans that are driving improvements in operating performance,” said Dr. Jeffrey Graves, president and CEO of 3D Systems. “I wish Jeff continued success as he moves to this next chapter in his career. I am very pleased that Phyllis will assume this role. She is a proven leader with a highly successful track record at 3D Systems in driving organizational alignment, cross-business process improvements, and strengthening of our risk management and control environment. These capabilities, combined with her strong financial background, position her well for taking on these responsibilities, and I look forward to the meaningful impact she will have on the company’s future success.”

Joining in 2021, Ms. Nordstrom currently serves as Executive Vice President, Chief People Officer, and Chief Administrative Officer for 3D Systems, responsible for leading the Company’s global human resources strategy, internal audit and compliance programs, and overseeing information technology and cyber-security for the Company. Over the course of her career, Ms. Nordstrom has served in numerous roles within finance, accounting and risk management, including leadership roles at MTS Systems Corporation, PricewaterhouseCoopers, Target, and U.S. Bank. She also holds a Bachelor of Science degree in Accounting from Louisiana State University.

About 3D Systems
For nearly 40 years, Chuck Hull’s curiosity and desire to improve the way products were designed and manufactured gave birth to 3D printing, 3D Systems, and the additive manufacturing industry. Since then, that same spark continues to ignite the 3D Systems team as we work side-by-side with our customers to change the way industries innovate. As a full-service solutions partner, we deliver industry-leading 3D printing technologies, materials and software to high-value markets such as medical and dental; aerospace, space and defense; transportation and motorsports; AI infrastructure; and durable goods. Each application-specific solution is powered by the expertise and passion of our employees who endeavor to achieve our shared goal of Transforming Manufacturing for a Better Future. More information on the company is available at www.3dsystems.com .

Investor Contact: [email protected]
Media Contact: [email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/01c4823e-1d35-46a8-9ff0-eec8b0f77361