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ROCK HILL, S.C. - 3D Systems (NYSE:DDD) announced Wednesday that Chief Financial Officer Jeffrey D. Creech will step down effective August 29, 2025, to pursue another career opportunity. The announcement comes as the company, currently valued at $253 million, faces challenging market conditions with its shares down over 55% in the past six months.
The 3D printing technology company has appointed Phyllis Nordstrom, its current Executive Vice President and Chief Administrative Officer, to serve as Interim CFO upon Creech’s departure.
Nordstrom, who joined 3D Systems in 2021, currently oversees the company’s global human resources strategy, internal audit and compliance programs, as well as information technology and cybersecurity operations. Her background includes finance, accounting and risk management roles at MTS Systems Corporation, PricewaterhouseCoopers, Target, and U.S. Bank.
"I want to thank Jeff for his dedication and leadership as we have executed on key strategic initiatives such as our manufacturing insourcing and cost improvement plans that are driving improvements in operating performance," said Dr. Jeffrey Graves, president and CEO of 3D Systems.
Regarding Nordstrom’s appointment, Graves noted her track record "in driving organizational alignment, cross-business process improvements, and strengthening of our risk management and control environment."
Nordstrom holds a Bachelor of Science degree in Accounting from Louisiana State University.
3D Systems, founded by Chuck Hull who pioneered 3D printing technology, provides 3D printing technologies, materials and software to markets including medical, aerospace, transportation, and durable goods manufacturing.
The announcement was made in a company press release.
In other recent news, 3D Systems Corporation reported its second-quarter 2025 earnings, showcasing a performance that exceeded expectations in terms of earnings per share (EPS). The company achieved an EPS of -$0.07, surpassing the projected -$0.11, representing a 36.36% positive surprise. However, revenue for the quarter fell short of forecasts, coming in at $94.8 million compared to the expected $103.92 million, indicating an 8.78% shortfall. In another development, 3D Systems announced that its Executive Vice President and Chief Financial Officer, Jeffrey D. Creech, will resign effective September 12, 2025. The company clarified that his departure is not related to any disagreements over financial reporting or accounting practices. These developments are part of a series of recent updates from the company.
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