Electronics For Imaging, Inc. has announced that its Board of Directors has named William D. Muir as its new chief executive officer. Muir was most recently the Chief Operating Officer of Jabil, a product solutions company. His appointment is effective October 15, 2018, when he will also join the Board of Directors.
Muir succeeds Guy Gecht, who informed the Board he intended to step down as CEO upon the appointment of his successor, as the Company announced on July 30, 2018. Gecht will remain a member of the Board of Directors and will be an advisor to the CEO.
“Bill is going to take EFI to the next level,” said Gecht. “At Jabil his
EFI CEO Bill Muir
experience and track record included scaling multi-billion dollar businesses, driving execution and setting the firm’s strategic direction. This background uniquely prepares him to be the next CEO of EFI. I look forward to watching him lead EFI and helping him in any way he chooses as the Company continues to lead the digital transformation of industries globally where colorful images matter.”
Gill Cogan, Chairman of EFI’s Board, noted, “In conducting a comprehensive search for the next CEO, the Board had the opportunity to speak with many highly skilled, strong leaders. Bill was our first choice, as his experience in managing a global manufacturing organization, track record in execution and leadership style most closely matched the characteristics we sought to successfully lead EFI in its next stage of growth, building on the legacy that Guy established over the last 20 years. I would like to once again convey the Board’s gratitude to Guy for his outstanding leadership, overseeing the transformation of EFI and driving the Company’s rapid growth to over $1 billion in annual revenues.”
“I am honored and humbled to join the EFI team,” said Muir. “I have developed a deep admiration for the culture of courageous innovation, technical leadership and customer care, and I look forward to leading our exceptional team as we work tirelessly to delight our customers and create shareholder value.”
Scott’s Upshot
This happened a lot quicker than we thought it would. We were not familiar with Muir, but considering his credentials, he seems to be a fitting successor to Guy Gecht. We’re going to miss Gecht who was instrumental in raising EFI’s profile in the industry and transforming it from a software company into a company that provides both hardware and software. However, we are looking forward to meeting Muir, which we expect will happen at EFI Connect in Las Vegas in January. Muir inherits a still growing company and one that continues to have a significant impact in the imaging and print industries. It will be interesting to see what kind of impact he will have on EFI during his first year in this position and if he could successfully navigate the inevitable comparisons to his predecessor.
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