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Nano Dimension Ltd, an industry leader in Printing Technologies, Additively Manufactured Electronics (AME), Printed Electronics (PE), and Micro Additive Manufacturing (Micro-AM) announced the appointment of Mr. Igal Rotem to the Board of Directors of the Company (the “Board”), effective immediately. Mr. Rotem will replace Dr. Eli David, who resigned from the Board, but will continue to serve as the Chief Technology Officer of the Company, leading the Company’s Artificial Intelligence, Deep Learning and Machine Learning technologies.
Since 2010, Mr. Rotem has served as the Chairman and later as the Chief Executive Officer of Finaro Bank (formerly known as Credorax), a principal member of Visa and MasterCard Europe, and a licensed bank. Finaro offers a unified digital automated and interactive Acquiring and Payment Processing solution to E-commerce and M-commerce merchants and Payment Service Providers (PSPs). Over the past few years, as a CEO, Mr. Rotem has led the company to profitability and steady growth of 40% year-over-year, making Finaro one of the fastest-growing members of Visa and MasterCard in the world.
Mr. Rotem is also the former Founder and Chief Executive Officer of PowerDsine, which invented and sold Power over Ethernet (PoE) technology chipsets and solutions. Mr. Rotem increased PowerDsine’s international customer base, including HP Inc., 3Com Corporation, CISCO Systems (Nasdaq: CSCO), and others. He then initiated and executed the initial public offering of PowerDsine on Nasdaq and the acquisition of PowerDsine three years later by Microsemi Corporation (Nasdaq: MSCC).
Mr. Rotem was also the General Manager of Butterfly Communication, which was the leader in developing short-distance wireless communication which later became known as Bluetooth technology. The company was one of the world’s pioneers in providing Bluetooth semiconductors solutions to early market adopters and was acquired by Texas Instruments.
Mr. Rotem has an MBA in Technology Management, Industrial Management Marketing and Finance from Tel Aviv University, and a B.Sc. in Electrical Engineering from Tel Aviv University. He was awarded the Ernst & Young 2004 Entrepreneur of the Year.
Mr. Yoav Stern, Nano Dimension’s Chairman and Chief Executive Officer, commented, “Igal is a unique entrepreneur with a multi-disciplinary background, spanning from advanced electronics technologies to fintec and transactional software and hardware. He is a highly experienced executive and serial entrepreneur with extensive business development, sales management, and strategic business planning skills. He successfully spearheaded companies through entire lifecycle stages: start-up, accelerated growth, turnaround, initial public offering on Nasdaq, joint venture, and M&A. Igal is who we need to enhance Nano Dimension’s Board knowledge and support for our unique development pattern. I am convinced that Igal will add substantial value to our board and our management.”
Mr. Stern added, “We thank Dr. Eli David for his tenure on our Board. Eli is continuing with his important work in the Company, leading the highly intensive projects of implementing Artificial Intelligence, Deep Learning and Machine Learning technologies into our various 3D-Printing Systems to improve yield and throughput as we advance toward machines for manufacturing of 3D parts.”