Stratasys CEO David Reis To Retire

Stratasys Ltd. said Thursday that Chief Executive David Reis will retire, effective June 30, 2016. He will remain on the board as executive director. Board member Ilan Levin has been named successor, effective July 1. Levin was vice chairman of the Objet board prior to its merger with Stratasys in 2012, and served on the Objet board since 2000. Stratasys is a 3D printing and additive manufacturing company. Its stock is inactive in premarket trading, but down 35.3% for the past year. The S&P 500 is down 0.5% for the last 12 months.