Markforged Reports CFO Transition

Markforged Holding Corp. announces that Mark Schwartz will be stepping down as chief financial officer, effective May 15. Schwartz will continue to serve in an advisory role through July 15 to ensure a smooth transition. Assaf Zipori, Markforged’s senior vice president of strategy and corporate development, will assume the role of acting chief financial officer while the company conducts a search for a new chief financial officer.

“Since joining Markforged, Mark has made a significant contribution to the company. With his support and leadership, Markforged went public through its merger with one in July 2021 and built a high-performing team. He leaves the company in a strong position to continue to execute on our strategic plan, and I wish him all the success in his future endeavors,” says Shai Terem, Markforged’s president and chief executive officer.

“It has been an honor to have helped see Markforged through a period of significant transformation and to build the infrastructure needed to operate as a public company. I’m extremely proud of the entire team at Markforged and look forward to watching the company’s continued success and to supporting Assaf during the transition,” says Mark Schwartz.

Zipori has deep experience since joining Markforged more than 3 years ago. He served as acting chief financial officer from November 2019 through March 2021 and as Markforged’s head of strategy and corporate development since April 2021.

“Assaf is well-prepared to support us in this key position, having previously served as Markforged’s Acting CFO and leading our financial team prior to the company’s merger with one. He is a pivotal part of our leadership team, and I’m extremely confident that the company is in good hands with Assaf temporarily assuming this expanded role,” says Terem.

Schwartz’s departure is not related to any disagreements concerning operating, accounting or financial reporting matters.

Sources: Press materials received from the company and additional information gleaned from the company’s website.

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