Stratasys Ltd. announced that David Reis has decided to step down from his position as the Chief Executive Officer, effective June 30, 2016. While he has announced his plans to retire as CEO, Mr. Reis will remain a member of the Stratasys board of directors as an Executive Director. Effective July 1, Ilan Levin, a member of the Board and Executive Committee of Stratasys, will assume the role of CEO. Mr. Levin has served as a member of the Board of Directors of Objet since 2000 and served as President and Vice Chairman of the Objet Board prior to the Stratasys-Objet merger in 2012.