Electronics For Imaging, Inc. (EFI) has announced that its longtime CEO, Guy Gecht, has informed the company’s Board of Directors that he intends to step down when his successor is named.
The board has retained Spencer Stuart, a leading global executive search firm, to assist in the search process, which will include both internal and external candidates. Gecht, who will remain a member of the board after his departure, has committed to working closely with the new CEO to ensure a successful transition.
“Stepping down as the leader of a great company is never an easy decision,” Gecht said. “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. 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.”
Gill Cogan, chairman of EFI’s board, said he was thankful for Gecht’s service.
“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 that touch our lives every day,” Cogan said. “He led the expansion into Productivity Software and Industrial Inkjet, which drove EFI’s rapid growth to over $1 billion in annual revenues. Guy is only EFI’s third CEO in its 30-year history, which has brought a unique stability that the board truly appreciates.”
Electronics For Imaging, Inc.