AMS 2025

3D Systems Announces David Styka to Replace Ted Hull as Chief Financial Officer

RAPID

Share this Article

3D Systems announced today that it has entered into a separation agreement with its Chief Financial Officer (CFO) Ted Hull, effective today, May 15, 2015. The reasons given are to “meet the company needs and to pursue his personal interests.” He will be replaced by David Styka, who has served the company as its Chief Accounting Officer (CAO) since January 2015.

Hull began his tenure as CFO for 3D Systems in November 2014 following the move of his previous occupant of eight years, Damon Gregoire, to the position of Executive Vice President of Mergers and Acquisitions. Hull entered the position with more than 30 years experience in financial leadership in high-tech companies such as Cisco and IBM.

Ted Hull, form CFO at 3D Systems

Ted Hull, former CFO at 3D Systems

The terms of the separation agreement provide for Hull’s separation pay in the amount of $400,000 as well as $200,000 for relocation assistance and one year continuation of his medical coverage. In addition, it indemnifies Hull for three years from any claims that may arise from his performance as CFO. Also included in the 8-K that was filed with the Securities and Exchange Commission earlier this morning, are non-competition, non-solicitation, and non-disparagement provisions.

3D Systems CEO Avi Reichental

3D Systems CEO Avi Reichental

Styka brings with him experience as Vice President of Finance at Family Dollar and previously as Divisional Vice President of Tax and Inventory with that company. He holds a degree in Accounting awarded by John Carroll University as well as an MBA earned at Wake Forest University. A certified CPA in the state of North Carolina, he has extensive experience in public accounting and a background in financial leadership. Styka’s compensation has been approved at a base salary of $350,000 with a target incentive opportunity for 2015 equal to 50% of his annual base salary.

3D Systems President and CEO Avi Reichental offered thanks to Ted Hull and discussed the promise offered by David Styka.

“We are deeply grateful to Ted for his stewardship of our Finance organization and wish him much success in his pursuit of other personal interests,” said Reichental. “We are very fortunate to have a strong and capable financial executive of the caliber of Dave Styka ready to assume the role of Chief Financial Officer. Since his arrival at 3D Systems, Dave has gained a deep understanding of our business and quickly has become a key advisor to me and the rest of our senior leadership team. Dave brings substantial finance and accounting leadership experience to the role and we are confident taking the next leg of our growth journey with him as our CFO.”

Let us know what you think of the new appointment in the 3D Systems Appoints New CFO forum thread over at 3DPB.com.

logo

 

 

Share this Article


Recent News

3D Printing News Briefs, February 8, 2025: Partnership, Post-Processing, & More

Italy’s Nuclear Physics Institute’s Role in Advancing Science with 3D Printing



Categories

3D Design

3D Printed Art

3D Printed Food

3D Printed Guns


You May Also Like

3D Printing Meets Nuclear: NAAREA’s Bold Bet on Microreactors

The nuclear industry isn’t exactly known for moving fast, but NAAREA wants to change that. The French startup has ambitious plans to roll out a new kind of compact nuclear...

3D Printing Webinar and Event Roundup: January 26, 2025

In this week’s roundup of 3D printing webinars and events, we’ve got a variety of offerings to tell you about, ranging from advanced AM training, robotic simulation for aerospace, and...

Italy’s Da Vinci Bridge Reinvented with 3D Printing and Stone Waste

Italy’s city of Bari has inaugurated a new 3D printed, self-supporting bridge that, for the first time, uses waste materials from stone processing. This structure, known as Da Vinci’s Bridge,...

Featured

Update: Velo3D Enters Forbearance Agreement as Debt Challenges Intensify

See the addendum to this article for an update from 12/12/24. Velo3D is set to lay off an additional 46 employees by the end of 2024 as part of its latest...