Sanjeev Singh Sahni joins Xometry as President, overseeing global operations and driving growth in manufacturing services.
Quiver AI Summary
Xometry has announced the appointment of Sanjeev Singh Sahni as President, a new role overseeing the company's global operations, product, technology, and people teams. Previously the Vice President of B2B E-Commerce at Wayfair, Sahni brings extensive experience in operations, supply chain management, and technology development, along with a proven record in deploying AI and automation to enhance business efficiency. Xometry's CEO, Randy Altschuler, highlighted Sahni's expertise in scaling B2B and B2C tech brands, which is expected to boost the company’s growth strategy. Sahni expressed his admiration for Xometry's innovation in addressing supply chain challenges and looks forward to contributing to the development of new products that provide significant value to customers and partners.
Potential Positives
- Appointment of Sanjeev Singh Sahni, a highly regarded executive with extensive experience in operations, product development, and technology, positions Xometry for continued global growth and enhanced operational efficiencies.
- Sahni's background in deploying AI, machine learning, and automation aligns with Xometry's focus on leveraging technology to transform the manufacturing industry and improve supply chain challenges.
- With Sahni's track record of successfully scaling B2B and B2C businesses, Xometry can expect to enhance its marketplace and supplier services, delivering greater value to customers and partners.
- The strategic addition of a leader with international supply chain expertise, gained from roles at Wayfair and McKinsey, strengthens Xometry's position in theglobal market
Potential Negatives
- The appointment of a new executive reflects potential challenges in Xometry's existing leadership or operational strategies that necessitated bringing in external expertise.
- The press release highlights a focus on "driving global growth, scale and operating efficiencies," which may imply that current strategies are insufficient to meet market demands or expectations.
- Sahni's previous role at Wayfair, particularly amid its struggles with profitability and market competition, could raise concerns about the effectiveness of his strategies being applied at Xometry.
FAQ
Who is Sanjeev Singh Sahni?
Sanjeev Singh Sahni is the newly appointed President of Xometry, previously Vice President at Wayfair, specializing in B2B e-commerce.
What will Sanjeev Sahni oversee at Xometry?
Sahni will oversee global operations, product, people, and technology for Xometry’s marketplace and supplier services.
What experience does Sahni bring to Xometry?
Sahni brings significant expertise in operations, technology, sales, and supply chain management, with a strong track record in AI and automation.
What does Xometry offer to its customers?
Xometry provides an AI-powered marketplace, digital sourcing platform, and software that streamline manufacturing and create resilient supply chains.
How does Xometry leverage AI in manufacturing?
Xometry uses AI to enhance supply chain efficiency, shorten development cycles, and provide accurate pricing and lead times through its Instant Quoting Engine.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$XMTR Insider Trading Activity
$XMTR insiders have traded $XMTR stock on the open market 19 times in the past 6 months. Of those trades, 0 have been purchases and 19 have been sales.
Here’s a breakdown of recent trading of $XMTR stock by insiders over the last 6 months:
- JAMES MILN (Chief Financial Officer) has traded it 2 times. They made 0 purchases and 2 sales, selling 5,386 shares.
- PETER GOGUEN (Chief Operating Officer) has traded it 12 times. They made 0 purchases and 12 sales, selling 26,352 shares.
- MATTHEW LEIBEL (Chief Technology Officer) has traded it 3 times. They made 0 purchases and 3 sales, selling 19,964 shares.
- EMILY ROLLINS has traded it 2 times. They made 0 purchases and 2 sales, selling 3,729 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$XMTR Hedge Fund Activity
We have seen 68 institutional investors add shares of $XMTR stock to their portfolio, and 60 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- EVENTIDE ASSET MANAGEMENT, LLC removed 1,601,903 shares (-26.6%) from their portfolio in Q3 2024
- FMR LLC added 1,169,778 shares (+40.2%) to their portfolio in Q3 2024
- CITADEL ADVISORS LLC added 650,829 shares (+inf%) to their portfolio in Q3 2024
- OWLS NEST PARTNERS IA, LLC removed 576,002 shares (-32.5%) from their portfolio in Q3 2024
- BROWN CAPITAL MANAGEMENT LLC removed 434,223 shares (-8.9%) from their portfolio in Q3 2024
- NUVEEN ASSET MANAGEMENT, LLC added 403,190 shares (+353.4%) to their portfolio in Q3 2024
- FRED ALGER MANAGEMENT, LLC added 312,971 shares (+20.8%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Former Vice President of B2B E-Commerce And Head Of B2B & B2C Sales Of Wayfair Joins Xometry To Continue Driving Global Growth, Scale And Operating Efficiencies
Will Oversee Global Operations, Product, People, And Technology, Including Its Leading Marketplace And Suite of Supplier Services
Sahni Brings Significant Operations, Product, Technology And Sales Expertise With A Deep Understanding Of Global Supply Chain Management And A Successful Track Record Of Deploying AI/Machine Learning And Automation
NORTH BETHESDA, Md., Jan. 08, 2025 (GLOBE NEWSWIRE) -- Xometry (NASDAQ:XMTR), the global AI-powered marketplace connecting enterprise buyers with suppliers of manufacturing services, today announced the appointment of Sanjeev Singh Sahni as President, reporting to CEO Randy Altschuler. The former Vice President of B2B E-Commerce and Head of B2B & B2C Sales Of Wayfair, Sahni brings a significant track record in Operations, Product and Technology development, Supply Chain Management, Customer Experience and a wealth of International experience. In this newly created role, Sahni will oversee all aspects of Xometry’s Operations, Product, Technology and People teams worldwide to continue driving global growth, scale and operating efficiencies.
“Sanjeev is a highly regarded executive whose background in helping B2B and B2C tech brands scale will further accelerate our growth initiatives across our global marketplace and suite of supplier services,” said Randy Altschuler, CEO of Xometry. “Throughout his career, Sanjeev has demonstrated a unique ability to integrate technology, processes and people to deliver a unified experience across all customer touchpoints. He has a strong track record deploying AI, machine learning and automation to accelerate product development and drive profitable growth.”
“I’ve been following Xometry’s ascent for some time now, and I have admired the company’s growth as it serves a critical area of the global economy,” Sahni said. “Xometry’s growing technology portfolio, which includes its global Marketplace, Supplier Services and suite of software, demonstrates the power of AI to solve the critical supply chain challenges facing customers and suppliers. I look forward to helping Xometry accelerate the introduction of new products that further deliver unmatched value to customers and partners.”
At Wayfair, Sahni held numerous global roles, including Head of Customer Experience, and, most recently, as the Vice President of B2B E-Commerce, Wayfair’s multi-billion dollar B2B business, and Head of B2B & B2C Sales. He was recruited to the company to establish its international supply chain capabilities and served as the Head of CastleGate Forwarding, Wayfair’s digital freight forwarding arm. Prior to Wayfair, Sahni served as an Associate Partner at McKinsey & Company, where he helped lead the firm’s global Transportation and Logistics practice advising Fortune 500 companies, governmental agencies and industry associations.
Xometry’s two-sided
AI-powered marketplace
plays a vital role in the rapid digital transformation of the manufacturing industry. Xometry’s proprietary technology shortens development cycles, drives efficiencies within corporate environments and helps companies create resilient supply chains. Xometry’s product portfolio includes its industry leading digital marketplace; popular
Thomasnet
® industrial sourcing platform, and cloud-based tools and centralized project management software for large, mission-critical projects.
About Xometry
Xometry’s
(NASDAQ:XMTR)
AI-powered marketplace
, popular
Thomasnet
® industrial sourcing platform and suite of cloud-based services are rapidly digitizing the manufacturing industry. Xometry provides manufacturers the critical resources they need to grow their business and makes it easy for buyers to create locally resilient supply chains. The Xometry Instant Quoting Engine® leverages millions of pieces of data to analyze complex parts in real-time, matches buyers with the right suppliers globally, and provides accurate pricing and lead times. Learn more at
www.xometry.com
or follow @xometry.
Contacts
Investors:
Shawn Milne
VP, Investor Relations
240-335-8132
Shawn.Milne@xometry.com
Media:
Matthew Hutchison
Chief Communications Officer
Matthew.Hutchison@xomet
ry.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/8312b795-a9eb-42ec-a301-e7399a383219
.
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
