Leading 3D printing solutions provider, Stratasys Ltd. (SSYS) recently announced the appointment of Jerome Hamilton as its Senior Vice President of Global Operations. Hamilton will join the company’s Minneapolis office and report to Chief Operating Officer and Chief Financial Officer, Erez Simha.
Prior to this, Hamilton served the $30 billion multinational company, 3M Company (MMM) as Vice President of Lean Six Sigma Operations, Corporate Quality and Acquisition Integration. Hamilton handled the role of devising strategy and operation plans for 3M’s largest business group, Industrial Business Group as well as led the company’s Masking and Surface Protection Business assuming full P&L responsibility. Earlier to 3M, he held several top operation positions at Ford Motor Company (F). As the Plant Manager of one of the company’s 20 plants, he successfully reversed its declining productivity.
Stratasys believes that Hamilton will be able to enhance manufacturing efficiency, optimizing capacity and reducing cost of operations. With his leadership traits, expertise and experience, he is expected to unlock further value for the company.
Hamilton boasts a Bachelor of General Science from Morehouse College, a Bachelor of Science in Industrial Engineering from Georgia Tech, and a Master of Science in Engineering Management from the University of Detroit Mercy.
Apart from these, he has Master of Science degree in International Logistics from Georgia Tech, with rotations in Europe and Asia Pacific/Japan and Advanced Management Program from the Harvard Business School.
With such extensive knowledge and experience in the world of manufacturing and operations, Hamilton is likely to be an asset for the company and will contribute to its growth.
We are optimistic about the company’s acquisition strategies which will help it to gain access to new technologies and markets across geographies. Over the last few years, Stratasys has been very active in this space and acquired several 3D printing companies such as MakerBot and Objet Ltd.
However, rapid growth is bringing financial pressures in its wake, as the company has to constantly invest in research and development initiatives as well as raise funds for acquisitions. Moreover, severe competition, amid persisting economic uncertainty, coupled with foreign currency risks, remain the concerns.
Currently, Stratasys carries a Zacks Rank #4 (Sell).
Stock to Consider
A better-ranked stock in the Computer-Peripheral Equipment industry is Analogic Corp. (ALOG) sporting a Zacks Rank #1 (Strong Buy).
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