EFI has named Frank Pennisi as its new CEO, succeeding Jeff Jacobson who becomes the company’s executive chairman.
Mr Pennisi comes to EFI from Orora Packaging Solutions, a provider of custom packaging products with an emphasis on corrugated. While managing Orora Packaging Solutions as president and CEO, he was an EFI customer, using its Nozomi single-pass high-speed inkjet digital printer. His experience with EFI extends to the close collaboration and consulting done with Orora Packaging’s sister company, Orora Visual.
Previously, Mr Pennisi spent two decades in leadership positions at FLIR Systems – now Teledyne FLIR –, Honeywell and GE.
‘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.’
Tyler Sipprelle, partner at Siris Capital Group, said, ‘I am excited that Frank shares our enthusiasm about the possibilities for EFI as an industrial inkjet leader and will bring his leadership and unique customer perspective to the company.
‘Jeff’s leadership has been pivotal since Siris’ acquisition of EFI, through the first chapter of transformation and the challenges of the Covid-19 pandemic. He will continue to play a critical role moving forward as EFI’s executive chairman. With Frank, Jeff and all the passionate and committed EFI team members, I am confident we have the best possible organization to continue to transform the industrial imaging industry.’
