EFI hires new CEO

EFI is appointing Bill Muir as its new CEO, with him being set to replace Guy Gecht from October 15.

Gecht will remain on the Board of Directors and will act as an advisor to the new CEO.

Muir was most recently the COO of Jabil, US based manufacturer.

Gecht says, “Bill is going to take EFI to the next level. At Jabil his experience and track record included scaling multi-billion dollar businesses, driving execution and setting the firm’s strategic direction.

“This background 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.”

Muir says, “I am honored and humbled to join the EFI team. 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 to delight our customers and create shareholder value.”

[Related: EFI CEO to resign]

Andy Yarrow, director for EFI Asia Pacific says, “It will be positive for the Asia Pacific area. Bill has lived in Singapore and China before, he has had exposure to region.

“Guy Gecht travelled to the region a lot, he liked to be in front of customers and present. Guy was always committeed to the markets in Asia and he frequently travelled to the region, I am sure Bill will do the same, especially with his knowledge of the Asia Pacific region.”

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.”

Gecht announced he would be stepping down from the top role at the end of July until EFI had found a replacement. Gecht has been CEO for 19 years.

Muir has spent more than 25 years working at Jabil. Prior to being COO, he was CEO, Global Manufacturing Services and President of Jabil Asia, where EFI says the business was tripled in less than four years under his lead.