Nano Dimension Appoints Ofir Baharav as CEO

Core Viewpoint - The appointment of Mr. Ofir Baharav as CEO of Nano Dimension Ltd. is a strategic move aimed at realizing merger synergies, restoring profitability, and enhancing shareholder value [2][4]. Group 1: Leadership and Strategic Direction - Mr. Baharav has a strong background in transformation and innovation, particularly in capital equipment for the electronics industry and additive manufacturing, making him well-suited to lead the company [3][4]. - The Board of Directors believes Mr. Baharav's leadership will be crucial in navigating the integration process and achieving rapid profitability [4][7]. - Mr. Baharav has initiated significant changes since becoming Chairman, including strategic realignment of R&D and sales to focus on high-value applications [5][10]. Group 2: Financial and Operational Improvements - Immediate measures have been implemented to reduce general and administrative expenses, expected to yield over $20 million in annualized savings by year-end [5][8]. - Successful negotiations with CFIUS have removed restrictions on post-merger cost reductions, facilitating operational efficiencies [6][8]. - The company has streamlined field operations to enhance sales in key markets like the U.S. and China, improving market penetration [8][9]. Group 3: Governance and Accountability - Governance enhancements include proposed amendments to the Articles of Association and the removal of a poison pill to better align with shareholder interests [8][10]. - Comprehensive performance metrics and reporting systems have been established to ensure accountability and data-driven decision-making [8][9]. - The company is focused on creating a sustainable business model built on innovative technologies for digital manufacturing [10][11].