2026-03-26 21:06:58
3D Systems Appoints Phyllis Nordstrom as Chief Financial Officer
Expected Stock impact: Slightly Positive
3D Systems Corporation has announced the appointment of Phyllis Nordstrom as its Executive Vice President and Chief Financial Officer, effective March 23, 2026. Nordstrom, who has been serving as the Interim Chief Financial Officer since August 2025, will continue to oversee the company's financial operations while also maintaining her role as Chief Administrative Officer. This decision reflects the company's confidence in her leadership abilities and commitment to financial discipline and efficient capital allocation. Nordstrom has a robust background in finance, having previously held senior positions at MTS Systems Corporation, PricewaterhouseCoopers, Target Corporation, and U.S. Bank. Her appointment is expected to enhance the company's strategic investments and profitability improvements, which are crucial for long-term shareholder value in the additive manufacturing sector. In connection with her new role, Nordstrom will receive a base salary of $525,000, a bonus objective of 70% of her salary, and a one-time cash retention bonus of $350,000, payable upon the filing of the company's Annual Report on Form 10-K for the fiscal year ending December 31, 2026. This leadership change is seen as a positive step for 3D Systems, as it aims to strengthen its financial foundation and accelerate growth.
