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EFI Announces CFO Transition

Marc Olin, currently COO, named interim CFO

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Electronics For Imaging, Inc. (EFI) announced that David Reeder, in order to relocate closer to his family, has submitted his resignation as CFO and has accepted the position of CFO of Lexmark International, Inc. Reeder will remain with EFI through Jan. 9, 2015 to ensure a smooth transition.

The company intends to appoint Marc Olin, currently COO as interim CFO in addition to his current responsibilities. Olin previously served as interim CFO of EFI from September 2013 through January 2014. Prior to joining EFI, he was CEO and co-founder of Printcafe Software, a public company EFI acquired in 2003 as part of its growth strategy.

“We understand David’s personal reasons for leaving EFI, appreciate his contributions during his time with the company, and wish him well in his new endeavor,” said EFI CEO Guy Gecht. “We have an outstanding veteran finance team, and with Marc coming back to the interim CFO role, this transition will not slow us as we continue to execute on our strategy and capitalize on the significant opportunities in front of us.”

“It was a very difficult decision for me to leave EFI, as I have great confidence in the company’s successful track record and the opportunities ahead,” said Reeder. “While my family interests come first, I remain a believer in EFI’s strategy and a shareholder.”

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