Protolabs Announces CEO Succession Plan
December 14 2020 - 8:00AM
Business Wire
Proto Labs, Inc. (NYSE: PRLB), a leading online and
technology-enabled, on-demand manufacturer, today announced that
its Board of Directors has unanimously elected Robert Bodor to
succeed Vicki Holt as the company’s President and Chief Executive
Officer effective March 1, 2021. Vicki Holt is retiring after
leading the company for the past seven years. Holt will remain CEO
during this transition time and continue to serve on the board
through May 2021.
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Vicki Holt, President & CEO,
Protolabs (Photo: Business Wire)
“I am excited to announce that the Protolabs Board of Directors
has named Rob as our next CEO,” said Holt. “Rob has been
instrumental in building Protolabs into what it is today. Since
joining the company, Rob has held a variety of leadership roles,
including overseeing our largest region since 2015. He has more
than doubled the revenue of the Americas’ business during his
tenure and played an instrumental role in expanding the company’s
services into 3D printing and sheet metal fabrication. Rob is a
very strategic business leader and a great leader of people. His
passion and commitment will continue to serve Protolabs well.”
Bodor, with more than 20 years of leadership experience, has
served as Protolabs’ Vice President and General Manager of the
Americas for the past six years. During his tenure at Protolabs, he
has also served as Chief Technology Officer and leader of the
company’s business development and product development functions.
Before joining Protolabs in 2012, Bodor held progressive leadership
roles at Honeywell and McKinsey.
“I look forward to the opportunity to serve our employees, our
customers, and our shareholders,” said Bodor. “I want to thank
Vicki for her support and guidance over the past seven years, and I
am excited about Protolabs’ future and what we can accomplish. I am
fortunate to have the opportunity to lead the world’s foremost
digital manufacturing service provider that’s helping accelerate
product innovation and supply chain optimization across many
industries. My commitment is to inspire our incredible team of
employees and deliver value for our customers and shareholders. I
look forward to working with Protolabs’ executive team as we
continue to drive the success of this company.”
Archie Black, Protolabs’ Chairman of the Board, added, “The
Protolabs board is excited about what Rob brings to the CEO role.
This transition follows a carefully planned succession process and
Rob is the right person to lead the company. He has a track record
of outstanding performance with great people leadership throughout
his career. The board congratulates Rob on his promotion and we
look forward to working with him in this new capacity.”
Black continued, “We also want to extend our thanks to Vicki for
her exceptional leadership as CEO over the last seven years. It has
been a period of remarkable growth and expansion for Protolabs. She
continuously improved all aspects of the company’s operations while
being a compassionate leader and developing a winning culture. All
of this helped drive exceptional revenue growth and returns for our
shareholders. Protolabs’ revenue increased by more than 165 percent
and market capitalization grew by more than $1.8 billion during her
leadership. We congratulate Vicki on her outstanding performance
and thank her for building Protolabs into a world-class
organization.”
About Protolabs
Protolabs is the world’s leading source for digital
manufacturing services. The technology-enabled company produces
custom components in as fast as 1 day with automated 3D printing,
CNC machining, sheet metal fabrication, and injection molding
processes. Its digital approach to manufacturing enables
accelerated time to market, reduces manufacturing costs, and
enables supply chain agility throughout the product life cycle.
Visit protolabs.com for more information.
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version on businesswire.com: https://www.businesswire.com/news/home/20201214005198/en/
Investor Relations Contact Protolabs Dan Schumacher,
763-479-7240 Director of Investor Relations
daniel.schumacher@protolabs.com
Media Contact Protolabs Will Martin, 763-479-7719 Sr.
Marketing Communications Manager will.martin@protolabs.com
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