Proto Labs, Inc. announced that its Board of Directors has appointed Suresh Krishna as the new President and Chief Executive Officer, effective immediately on May 21, 2025. Krishna will also join the company's Board of Directors. He previously held the position of President and Chief Executive Officer at Northern Tool + Equipment, a manufacturer and retailer of tools and commercial equipment.
In connection with Krishna's appointment, Proto Labs granted certain equity awards to him on May 23, 2025. These awards were provided as a material inducement for his employment with the company, as disclosed under NYSE Rule 303A.08.
This leadership change is expected to bring new strategic direction and operational focus to Proto Labs as it continues its evolution in the digital manufacturing services sector. Krishna's experience is anticipated to contribute to the company's ongoing growth initiatives.
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