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Kornit Digital Appoints Andrew G. Backman Chief Capital Markets Officer

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ROSH HA'AYIN, Israel and ENGLEWOOD. N.J., Jan. 20, 2026 (GLOBE NEWSWIRE) -- Kornit Digital Ltd....

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AI Summary

Kornit Digital appointed Andrew Backman as Chief Capital Markets Officer, focusing on strategic investor relations. Backman's previous experience at EMCOR Group underscores his capability to navigate capital markets effectively, which could lead to increased investor confidence and potential growth in stock value for Kornit Digital.

Sentiment Rationale

Historically, similar leadership changes have positively impacted stock performance, as seen with companies like Apple post-COO appointments.

Trading Thesis

Kornit's strengthened leadership in investor relations could lead to stock price appreciation in the short term.

Market-Moving

  • Backman's expertise might enhance Kornit’s ability to attract investors.
  • Kornit’s focus on sustainable textile production could capture growing market interest.
  • Positive investor sentiment from Backman's return may drive stock performance.
  • Kornit's ongoing product innovations could lead to revenue growth.

Key Facts

  • Andrew Backman appointed Chief Capital Markets Officer at Kornit Digital.
  • He previously led investor relations at EMCOR Group.
  • Backman's experience includes $30 billion in capital transactions.
  • Kornit focuses on sustainable digital fashion production technologies.
  • Backman will enhance Kornit's capital markets strategies.

Companies Mentioned

  • Kornit Digital (KRNT): New appointments could positively affect investor confidence.
  • EMCOR Group, Inc. (EME): Backman's leadership experience at EME strengthens his credentials.

Corporate Developments

This news falls under 'Corporate Developments' as it involves a key executive appointment impacting the company's strategic direction. Leadership changes can significantly influence investor perception and market dynamics.

Kornit Digital Appoints Andrew G. Backman as Chief Capital Markets Officer

ROSH HA’AYIN, Israel and ENGLEWOOD, N.J., January 20, 2026 (GLOBE NEWSWIRE) — Kornit Digital Ltd. (NASDAQ: KRNT), a global leader in sustainable on-demand digital fashion and textile production technologies, has officially appointed Andrew G. Backman as Chief Capital Markets Officer, effective January 13, 2026. This strategic move aims to bolster Kornit’s capital markets activities, investor relations, and corporate development initiatives.

Expertise and Background of Andrew G. Backman

Mr. Backman will operate from Kornit’s U.S. headquarters located in Englewood, New Jersey. He brings with him significant expertise in capital markets and investor relations, having participated in over $30 billion in capital markets transactions. His extensive experience also includes nurturing long-term relationships with institutional investors, sell-side analysts, and global investment banking partners. Previously, he served as Kornit’s Global Head of Investor Relations from 2021 to 2023.

“We are pleased to welcome Andy back to Kornit,” said Ronen Samuel, Chief Executive Officer of Kornit Digital. “His deep understanding of Kornit and strong relationships across the global capital markets community will help support the disciplined execution of our strategy.”

Mr. Backman expressed his enthusiasm regarding his return, stating, “I am excited to return to Kornit at a pivotal time in the Company’s evolution. Kornit has a distinctive role in the digital transformation of textile and apparel production. I look forward to supporting the company’s engagement with our investment community and business partners.”

Previous Roles and Qualifications

Before rejoining Kornit, Mr. Backman was the Global Head of Investor Relations at EMCOR Group, Inc. (NYSE: EME), and he has held senior roles in capital markets and investor relations across more than 14 industries. He holds a B.A. in Economics from Boston College and is also a graduate of AT&T / Lucent Technologies’ Financial Leadership Program.

About Kornit Digital

Kornit Digital (NASDAQ: KRNT) excels in providing sustainable, on-demand digital fashion and textile production technologies. The Company delivers end-to-end solutions through its comprehensive global fulfillment network, including digital printing systems, inks, consumables, software, and fulfillment services. Kornit serves clients in over 100 countries and maintains its headquarters in Israel with additional offices in the USA, Europe, and Asia Pacific.

To learn more about Kornit’s innovative solutions, visit www.kornit.com.

Forward-Looking Statements

This announcement contains forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995 and other U.S. securities laws. While such statements are based on current expectations, actual results may differ due to risks and uncertainties, such as:

  • Objections to share repurchase programs by the Company’s creditors
  • Success in developing and selling new and improved products, including the Poly Pro and Presto products
  • Market dynamics affecting digital textile printing
  • Expense associated with securities litigation
  • Other factors detailed under “Risk Factors” in the Company’s Annual Report on Form 20-F for the year ended December 31, 2024

Any forward-looking statements made in this release are current only as of the date of this announcement and are subject to change without notice.

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