Frank Pennisi, new CEO of EFI
Electronics For Imaging, Inc. (EFI; Londonderry, NH) announced the 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, according to a press release from the company.
Pennisi comes to EFI with nearly two decades of leadership experience with companies like Honeywell, GE and FLIR Systems (now Teledyne FLIR), and a Master of Science in Mechanical Engineering from Massachusetts Institute of Technology (MIT). Prior to his new position, Pennisi served as the CEO and president of Orora Packaging Solutions, where he was an EFI customer, using their Nozomi single-pass inkjet digital printer and working in close collaboration and consulting with Orora Packaging’s sister company, Orora Visual, per the release.
“As a former customer, I know that EFI’s digital industrial inkjet portfolio is unmatched in the industry. The Company’s suite of equipment, inks, and intelligent service positions it to address its customers’ most critical needs. I am thrilled to be joining EFI at this pivotal moment as the industry transitions toward digital inkjet,” said Pennisi in the release.
EFI’s portfolio company, Siris Capital Group LLC, will continue to wholly own each company during this separation. 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. Operating as a standalone company will only further strengthen Fiery’s market-leading position in providing innovative DFE solutions. I am looking forward to this next chapter of growth under Frank’s leadership,” said Jacobson in the release.
For more information, visit efi.com.