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EFI names new CEO

Friday, 05 October 2018
By Wayne Robinson

EFI is appointing industry outsider Bill Muir as its new CEO to replace Guy Gecht, who has been in the role for the past 19 years, when he succeeded legendary company founder Efi Arazi.

Taking EFI top spot: Bill Muir appointed as CEO to succeed Guy Gecht

Muir joins from product solutions business Jabil, where he was chief operating officer. He will start at EFI a week on Monday. In addition to becoming CEO he also joins the board.

Gecht told the board he would be stepping down in July. He took over in 1999 when company founder Efi Arazi stepped down. Under Gecht’s leadership EFI has broadened its product range, leveraging its technology across multiple applications, becoming a leading player in wide format, textile and ceramics printing solutions. It has also maintained its pre-eminent position in providing rips for digital print solutions from the Japanese imaging giants.

The business is tantalisingly close to achieving US$1bn in yearly sales, its figures for the first half are US$500.9m.

Muir has spent the past 25 years helping brands bring products to the marketplace, including launching Jabil’s Blue Sky Innovation Center. He has a background in complex engineering and manufacturing, honed over progressive leadership roles at Jabil, a $22bn product solutions company, with more than 100 facilities and 170,000 employees across the globe. Most recently he served as chief operating officer.
Before that, he served as CEO, global manufacturing services, which at the time was a $14bn division of the company, and as President of Jabil Asia, where under his leadership the business tripled in size in less than four years. Muir holds both a Bachelor’s degree in Industrial Engineering and a Master in Business Administration from the University of Florida.

Guy Gecht says, “Bill is going to take EFI to the next level. At Jabil his experience and track record included scaling multi-billion dollar businesses, driving execution and setting the firm’s strategic direction. This background prepares him to be the next CEO of EFI.

“I look forward to watching him lead EFI and helping him in any way he chooses as the company continues to lead the digital transformation of industries globally, where colorful images matter.”

“I am honored and humbled to join the EFI team,” said Muir. “I have developed a deep admiration for the culture of courageous innovation, technical leadership and customer care, and I look forward to leading our exceptional team as we work tirelessly to delight our customers and create shareholder value.”
Muir will join EFI’s third quarter earnings call, which is scheduled to take place after market close on October 29. 

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