Xometry Announces CEO Succession Plan
Rhea-AI Summary
Xometry (NASDAQ: XMTR) announced a planned CEO succession: President Sanjeev Singh Sahni will become CEO and join the board effective July 1, 2026, while co-founder and current CEO Randy Altschuler will transition to Executive Chair.
The company cited record 2025 results and said the change preserves founder involvement, with Rosati remaining Lead Independent Director.
Positive
- Planned succession effective July 1, 2026
- Founder remains engaged as Executive Chair, preserving continuity
- Company cites record 2025 results as a backdrop for leadership change
- Internal promotion of President to CEO supports operational continuity
Negative
- None.
News Market Reaction – XMTR
On the day this news was published, XMTR declined 22.24%, reflecting a significant negative market reaction. Argus tracked a peak move of +3.5% during that session. Argus tracked a trough of -29.1% from its starting point during tracking. Our momentum scanner triggered 39 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $838M from the company's valuation, bringing the market cap to $2.93B at that time. Trading volume was elevated at 2.3x the daily average, suggesting increased selling activity.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
XMTR is up about 0.83% with strong volume, while key peers like AMSC, ATS, EPAC, SXI, and CXT are all down on the day. Only one peer in the momentum scanner (PSIX) is also up, supporting a stock-specific reaction to the leadership news.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 10 | Earnings date notice | Neutral | -4.9% | Announcement of timing for Q4 and full-year 2025 financial results. |
| Feb 03 | AI demand survey | Positive | +5.0% | Survey showing strong AI-enabled sourcing and reshoring priorities in A&D. |
| Jan 29 | Marketing sponsorship | Neutral | -5.8% | Sponsorship of endurance driver and team to raise brand visibility. |
| Jan 15 | Platform tools launch | Positive | +0.0% | Launch of Thomas Smart Search and performance-based listings for suppliers. |
| Jan 08 | Marketplace enhancements | Positive | -8.2% | Additive materials, CNC options, and compliance upgrades for complex manufacturing. |
Recent news shows mixed reactions: product and platform updates sometimes saw sharp declines, while AI and demand-focused news drew more positive or flat responses.
Over the past several weeks, Xometry has highlighted platform expansion and market positioning. On Jan 8, 2026, complex manufacturing enhancements coincided with a -8.22% move. New platform tools for Thomas on Jan 15, 2026 were followed by a flat reaction. A motorsport sponsorship on Jan 29, 2026 saw a -5.8% move, while AI-driven aerospace and defense sourcing insights on Feb 3, 2026 coincided with a 4.99% gain. An earnings-date announcement on Feb 10, 2026 prompted a modest -4.87% move. The CEO succession now arrives after record 2025 results and these strategic updates.
Market Pulse Summary
The stock dropped -22.2% in the session following this news. A negative reaction despite a planned, orderly succession would contrast with the company’s description of record 2025 results and a clear growth trajectory. Historically, some positive operational updates prompted outsized declines, suggesting the stock can react sharply to headlines. With the founder remaining as Executive Chair, the announcement emphasized continuity, so a pronounced sell-off would more likely reflect positioning and sentiment rather than a clearly negative operational shift.
AI-generated analysis. Not financial advice.
Sanjeev Singh Sahni to Succeed Randy Altschuler as CEO; Altschuler to Become Executive Chair
NORTH BETHESDA, Md., Feb. 24, 2026 (GLOBE NEWSWIRE) -- Xometry, Inc. (NASDAQ: XMTR), the global AI-native marketplace connecting buyers and suppliers of custom manufacturing, announced that effective July 1, 2026, Co-founder and Chief Executive Officer, Randy Altschuler, will transition to become the Executive Chair of the Board. Sanjeev Singh Sahni, Xometry’s current President, will succeed Altschuler as Chief Executive Officer and join the Board of Directors.
“I co-founded Xometry in 2013 to digitize the global manufacturing market and our record 2025 results are a testament to how far we’ve come. With the company on a clear and increasingly profitable trajectory, this is the ideal time to transition our leadership from a position of maximum strength,” said Randy Altschuler, Xometry CEO. “During his tenure, Sanjeev has proven instrumental to Xometry’s accelerated revenue growth and expanding profitability. As the largest individual long-term shareholder, I am confident that this planned succession will further accelerate Xometry’s momentum under Sanjeev’s leadership.”
“On behalf of the Board, I want to thank Randy for the extraordinary leadership and vision that has guided Xometry from startup to a leading digital marketplace for custom manufacturing,” said Fabio Rosati, Xometry Chairman of the Board. “Following a disciplined and collaborative succession process, the Board is thrilled to appoint Sanjeev as CEO and Randy as Executive Chairman. Since joining as President, Sanjeev has proven his leadership abilities and demonstrated the strategic and operational vision required to lead Xometry through its next era of expansion.”
Upon the formal transition on July 1, Altschuler will move into his role as Executive Chair. In this capacity, he will remain deeply involved in the company’s future, focusing on strategic growth initiatives and key corporate partnerships while incorporating a founder-perspective at the Board level. Rosati will continue as the Lead Independent Director on Xometry’s Board.
“I'm honored and excited to step into the CEO role at Xometry at such a pivotal moment for the company,” added Sanjeev Singh Sahni, Xometry President. “Under Randy’s leadership, Xometry has been defined by a singular, unwavering mission to make the world’s manufacturing capacity accessible to all. That strategic clarity has built a foundation of enduring value that allows us to scale with immense confidence. I look forward to working closely with Randy and our talented global team to accelerate our product-led growth and further cement Xometry as the essential marketplace for the custom manufacturing industry.”
About Xometry
Xometry’s (NASDAQ: XMTR) AI-native 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 streamlines the procurement process for buyers through real-time pricing and lead time data. Learn more at xometry.com or follow Xometry on LinkedIn.
| Investor Contact: | Media Contact: |
| Shawn Milne VP Investor Relations 240-335-8132 shawn.milne@xometry.com | Lauran Cacciatori VP Communications 773-610-0806 lauran.cacciatori@xometry.com |
FAQ
When will Sanjeev Singh Sahni officially become CEO of Xometry (XMTR)?
What role will Randy Altschuler hold after July 1, 2026 at Xometry (XMTR)?
Does the Xometry (XMTR) succession signal a change in board composition or leadership continuity?
Why did Xometry (XMTR) say this leadership transition is happening now?
How might Sanjeev Singh Sahni's background at Xometry affect strategy after becoming CEO of XMTR?
