RED-09-03-18-EFI-GuyGecht
Editorial

"EFI CEO Informed Board He Intends to Step Down"

Posted on August 05, 2018

EFI a world leader in customer-focused digital printing innovation, recently announced that its longtime CEO, Guy Gecht, has informed the Company's Board of Directors that he intends to step down from his operating role at the Company when his successor is named. The Board retained Spencer Stuart, a leading global executive search firm, to assist in a thorough search process that includes both internal and external candidates.

Mr. Gecht will continue to serve as CEO until his replacement is named, and has committed to working closely with the new CEO to ensure a successful transition. Gecht will remain as a member of the Board of Directors following the CEO change.  

"Stepping down as the leader of a great company is never an easy decision. With vast market opportunities, loyal customers and a robust product roadmap, reinforced by the unprecedented interest in Nozomi, EFI has never been better positioned for continued growth and success," said Guy Gecht, CEO of EFI. "I think this makes it the right time, after 19 years as CEO of this unique company, for me to hand the reins to the next leader. I will stay fully focused on leading the outstanding EFI team during the search period, and will assist in ensuring a smooth transition once the new CEO is in place. As a shareholder, Board member and a lifelong fan, nothing will be more gratifying for me than to see my successor leading EFI to achieve its full potential."

"We are grateful for Guy's 19 years as CEO of EFI," said Gill Cogan, Chairman of EFI's Board. "Together with his team, Guy transformed EFI from a single product line and OEM business model to a diverse, worldwide leader driving the transition from analog to on-demand digital imaging in industries

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