Electronics For Imaging (EFI) Seprates Fiery Business Unit into Independent Company
11 February 2023: Electronics For Imaging (EFI) – Global leader in digital industrial imaging has announced appointment of Frank Pennisi, a veteran of the industrial and technology sectors, as Chief Executive Officer. In tandem, EFI’s Fiery business unit has been separated as an independent company that will remain wholly owned by Siris.
As separate companies, EFI™ and Fiery® will have distinct areas of strategic focus that will enable them to serve their customers better and grow over the long-term, with EFI as an industrial inkjet leader and Fiery as the leading digital front end (DFE) provider. Jeff Jacobson, a 35-year veteran of the digital imaging sector who led EFI as CEO following its 2019 take-private by Siris, will remain Executive Chairman of each business.
“This realignment positions both EFI, now solely focused on digital inkjet for industrial applications, and Fiery, the leading global DFE provider, to win in their independent markets while maintaining the close partnership that has contributed to the success of each business. Digital imaging would not be where it is today without Fiery. Operating as a standalone company will only further strengthen Fiery’s market-leading position in providing innovative DFE solutions. Similarly, no company in the industry can match the depth and breadth of EFI’s industrial inkjet portfolio and I am looking forward to this next chapter of growth under Frank’s leadership,” said Jacobson.
Headquartered in Londonderry, NH, USA EFI will be solely focused on driving analog-to-digital transition across the packaging and corrugated, display graphics, textile, and building materials/décor end-markets for industrial inkjet.
Pennisi comes to EFI from Orora Packaging Solutions, a leading provider of custom packaging solutions with an emphasis on corrugated. While managing Orora Packaging Solutions as its President and CEO, Pennisi was an EFI customer, using EFI’s industry-leading Nozomi single-pass inkjet, super-high-speed digital printer.
www.efi.com
