EFI has confirmed the appointment of Frank Pennisi as CEO. In tandem, EFI’s Fiery business unit has been separated as an independent company that will remain wholly owned by Siris.
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 manufacturer and Fiery as a digital front end (DFE) provider. Jeff Jacobson, 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 DFE provider, to win in their independent markets while maintaining the close partnership that has contributed to the success of each business. Digital imaging would not be where it is today without Fiery. Operating as a standalone company will only further strengthen Fiery’s position in providing innovative DFE solutions. Similarly, no company in the industry can match the depth and breadth of EFI’s industrial inkjet portfolio and I am looking forward to this next chapter of growth under Frank’s leadership,” said Jacobson.
Headquartered in Londonderry, N.H., EFI will be solely focused on driving the analog-to-digital transition across the packaging and corrugated, display graphics, textile, and building materials/décor end-markets for industrial inkjet.
Pennisi comes to EFI from Orora Packaging Solutions. While managing Orora Packaging Solutions as its President and CEO, Pennisi was an EFI customer, using EFI Nozomi single-pass inkjet, super-high-speed digital printer. His experience with EFI solutions extends to the close collaboration and consulting he has done with Orora Packaging’s sister company, Orora Visual – a display graphics provider that is among the largest North American users of EFI VUTEk® display graphics and EFI Reggiani industrial textile digital printers.
“As a former customer, I know that EFI’s digital industrial inkjet portfolio is unmatched in the industry,” said Pennisi. “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.”