3D Systems Corporation announced that Phyllis Nordstrom will become its Executive Vice President and Chief Financial Officer, effective March 23 2026. Nordstrom has served as the company’s interim CFO since August 2025 and will continue to hold her role as Chief Administrative Officer, reporting directly to President and CEO Dr. Jeffrey Graves.
Nordstrom brings more than 25 years of finance leadership, having held senior positions at MTS Systems, PricewaterhouseCoopers, Target and U.S. Bank. Her experience in large‑scale financial operations and cost‑control initiatives is expected to accelerate 3D Systems’ turnaround plan and strengthen capital allocation.
The appointment follows a comprehensive restructuring that began in mid‑2025, which included the retirement of approximately $180 million of 2026 convertible notes, a $55 million annualized cost‑saving program, and a focus on improving liquidity. Management has set a target of positive cash flow in 2026 and aims to generate over $85 million in annualized cost savings by mid‑2026.
In its most recent quarterly report, 3D Systems posted revenue of $106.3 million for Q4 2025, a 16 % sequential increase but a year‑over‑year decline. The company reported a non‑GAAP EPS loss of $0.13 versus an estimate of $0.10, reflecting the impact of ongoing restructuring costs and a compressed gross‑profit margin that fell to 34.3 % from 37.4 % in 2024. The revenue beat was driven by strong demand in the Healthcare Solutions and Aerospace & Defense segments, while the margin compression was largely due to higher mix of lower‑margin printer sales and the cost of restructuring initiatives.
Dr. Jeffrey Graves said, “I have had the privilege of working closely with Phyllis for over ten years, first at MTS Systems and now at 3D Systems, and I have complete confidence in her ability to lead our finance organization. As Interim CFO, she has demonstrated exceptional leadership in strengthening our financial foundation, optimizing cash flow, and aligning resources with our strategic priorities. Her appointment as Chief Financial Officer further accelerates our path to sustained growth, profitability and shareholder value creation.”
Nordstrom added, “We remain intensely focused on reducing overall spending, while prioritizing strategic investments that drive growth in our priority markets.” The appointment signals the company’s confidence that the new CFO will continue to execute the restructuring plan and guide the firm toward a more profitable and cash‑positive future.
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