Kornit Digital Ltd. announces a CFO transition and a new $100 million share repurchase authorization. This reinforces its focus on profitable growth, operational excellence, and creating long-term value for its shareholders.

Kornit announced the planned transition of its CFO, as Lauri Hanover has decided, for personal reasons, to step down from her position. Hanover will remain the company’s CFO 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,” says 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 CFO. 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.”

“I am very pleased to welcome Assaf Zipori as our new CFO,” Samuel adds. “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.”

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,” says 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.”

Share Repurchase Program

Kornit also announced that its Board of Directors has authorized a new share repurchase program of up to $100 million. This authorization reflects the company’s strong balance sheet and continued confidence in the company’s strategy, execution, and long-term growth trajectory.

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,” says 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.”