Formlabs Appoints New Chief Financial Officer to Support Continued Company Growth
Dan O’Shaughnessy will lead Formlabs’ global finance team, bringing a decade of experience from PriceWaterhouseCoopers and SharkNinja
Jun. 24, 2021 – SOMERVILLE, MA - June 24, 2021 – Formlabs, a leading 3D printing company, today announced the appointment of Dan O’Shaughnessy, formerly SharkNinja’s Vice President of Finance, Treasury and Controller as its chief financial officer. Dan brings over a decade of financial executive experience to Formlabs and will oversee the global finance team as the company grows, playing a vital role in Formlabs key initiatives to prepare and execute on its next stage of growth. O'Shaughnessy's hiring follows Formlabs’ recent $150 million Series E funding round led by SoftBank Vision Fund 2*, which doubled Formlabs’ valuation to $2 billion.
“I couldn’t be more excited to join the team at Formlabs, an innovative company I have long admired for its focus on revolutionizing the 3D printing industry by expanding access to enable anyone to make anything,” said O'Shaughnessy. “Its most recent funding announcement only underscores the company’s commitment to growing in a thoughtful way and I look forward to working with the team to further accelerate growth and drive value for all stakeholders.”
O’Shaughnessy’s background includes over a decade of leadership experience in the financial sector across a number of roles, including M&A diligence manager at PriceWaterhouseCoopers, as well as a vice president of finance, treasury and investor relations at The Gymboree Corporation. Most recently, at SharkNinja, O'Shaughnessy was responsible for global accounting, treasury, strategic planning, and investor relations, delivering tangible results for the company’s bottom line while also driving shareholder value. O’Shaughnessy also helped lead SharkNinja’s parent company, JS Global Lifestyle Co, through an IPO in Hong Kong, and his experience with both public and private markets as well as his deep operational expertise will be invaluable as Formlabs prepares for its next growth stage.
Having a strong executive team in place is foundational to meeting Formlabs’ future plans and ensuring the company continues to grow in a smart, sustainable way that is appropriate for a leading 3D printing company. With the 3D printing industry poised to reach $51.77 billion by 2026, Formlabs is uniquely suited to drive this growth forward. Formlabs' variety of printers and materials provides clear value to users in healthcare, dental, manufacturing, engineering, education, jewelry, audio and entertainment and envisions a future in which every aspect of our lives is touched by 3D printing.
“Formlabs has set aggressive growth targets for the next five years, and Dan’s expertise with both public and private equity portfolio companies and public accounting will be invaluable to Formlabs team,” said Max Lobovsky, CEO and co-founder of Formlabs. “With his past experience leading an innovative multi-billion dollar consumer product company through multiple growth stages, Dan is a seasoned professional and will be an excellent addition to our team as we navigate through this next exciting chapter in Formlabs' story.”
Formlabs is expanding access to digital fabrication, so anyone can make anything. Headquartered in Somerville, Massachusetts with offices in Germany, Japan, China, Singapore, Hungary, and North Carolina, Formlabs is the professional 3D printer of choice for engineers, designers, manufacturers, and decision makers around the globe. Formlabs products include the Form 3, Form 3B, Form 3L, and Form 3BL powered by an advanced form of stereolithography (SLA) called Low Force Stereolithography (LFS)™ 3D printing, Form Wash and Form Cure post-processing solutions, Fuse 1 SLS 3D printer, and Form Cell manufacturing solution. Through its Factory Solutions offering for industrial users, Formlabs provides the factories of tomorrow with the flexibility and versatility needed for demanding, evolving industrial applications. Formlabs also develops its own suite of high-performance materials that continue to push the boundaries for 3D printing, as well as best-in-class 3D printing software. For more information visit formlabs.com.
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