Electronics For Imaging, Inc. (Nasdaq:EFII), a world leader in customer-focused digital printing innovation, today announced that David Reeder, in order to relocate closer to his family, has submitted his resignation as Chief Financial Officer and has accepted the position of Chief Financial Officer of Lexmark International, Inc. David will remain with EFI through January 9th to ensure a smooth transition.
The Company intends to appoint Marc Olin, currently Chief Operating Officer, as interim Chief Financial Officer in addition to his current responsibilities. Marc previously served as interim Chief Financial Officer of EFI from September, 2013 through January, 2014. Prior to joining EFI, Marc was Chief Executive Officer 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 David. "While my family interests come first, I remain a believer in EFI's strategy and a shareholder."