Kornit Digital. a global leader in sustainable, on-demand digital fashion and textile production technologies, has announced it will soon be welcoming a new chief financial officer. It has also approved a new $100 million share repurchase authorization, “reinforcing its continued focus on profitable growth, operational excellence, and creating long-term value for its shareholders.”
According to Kornit, the company’s current CFO, Lauri Hanover, has decided, for personal reasons, to step down from her position. The company goes on to say Hanover will remain in her position through mid-December 2025 to ensure a smooth and effective transition.
“On behalf of Kornit’s Board and entire management team, I want to thank Lauri for her partnership, professionalism, and significant contributions over the past decade,” said Ronen Samuel, CEO of Kornit Digital. “Lauri served seven years as a member of the board and chairwoman of the Audit Committee and the last three years as Kornit’s chief financial officer. She played a central role in strengthening Kornit’s financial foundation and supporting our journey toward sustainable, recurring, and profitable growth. We thank Lauri sincerely for her dedication and leadership and wish her well in her future endeavors.”
According Samuel, moving forward Assaf Zipori will serve as the company’s new CFO, noting, “Assaf brings deep financial expertise, strategic insight, and strong operational leadership that will help us execute on the next phase of our journey and in building long-term value for our shareholders.”
According to Kornit, Zipori joins Kornit with extensive financial, strategic and operational leadership experience across the technology and manufacturing sectors. Most recently, he served as Global CFO of Nano Dimension Ltd. following its acquisition of Markforged Holding Corporation, where he also served as CFO.
He previously held senior financial leadership roles at Component Control, Amdocs and Retalix, which was later acquired by NCR Corporation. Earlier in his career, he worked at Ernst and Young and KPMG, advising global clients across technology and industrial markets.
“I am thrilled to join Kornit as chief financial officer at such a transformative moment in the Company’s evolution,” said Zipori. “I look forward to partnering with the leadership team and the Board to advance operational excellence, accelerate profitable growth, and deliver sustainable value for our customers and shareholders.”
Regarding the new share repurchase program, the company says it builds on the $165 million in share repurchases executed since 2023 and underscores Kornit’s commitment to disciplined capital allocation and enhancing value for its shareholders.
“Our business continues to strengthen as we execute on our strategic priorities, expand recurring revenues, and deliver improved profitability,” said Mr. Samuel. “This repurchase program reflects our firm belief in the Company’s strategy, the resilience of our business model, and the substantial long-term value we are creating as we continue leading the digital transformation of the fashion and textile industry.”
Headquartered in Israel with offices in Europe, the United States and the Asian-Pacific region, Kornit is a cutting-edge firm offering sustainable, on-demand, digital fashion and textile production technologies. The company provides “end-to-end solutions,” including digital printing systems, inks, consumables, software, and fulfillment services through its global fulfillment network.
For more on Kornit, its entire product line and a recently announced $100 million share repurchase, go to www.kornit.com.
