Electronics For Imaging, Inc. (EFI; Fremont, CA) has announced that long-time CEO Guy Gecht has informed the company’s Board of Directors that he intends to step down from his operating role when a successor is found. The board has retained leading global executive search firm Spencer Stuart to assist in the search process. Gecht will continue to serve as CEO until his replacement is named, and will work with the new CEO to ensure a successful transition. Gecht will remain as a member of the board.
“Stepping down as the leader of a great company is never an easy decision,” Gecht said. “I think this [is] it the right time, after 19 years as CEO of this unique company, for me to hand the reins to the next leader. I will stay fully focused on leading the outstanding EFI team during the search period, and … as a shareholder, board member and a lifelong fan, nothing will be more gratifying for me than to see my successor leading EFI to achieve its full potential.”
For more information, visit efi.com.