Frank Pennisi is the new CEO of EFI

Pennisi takes over from Jeff Jacobson at the helm of EFI, which has also announced the separation of Fiery as an independent company. Both companies continue to be wholly owned by Siris Capital Group.

Frank Pennisi has been appointed as the new Chief Executive Officer of EFI (Electronics For Imaging Inc), the Nasdaq-listed multinational based in Londonderry, New Hampshire. He takes over from Jeff Jacobson, who led EFI after its acquisition in 2019 by Siris Capital Group and will stay on as the company’s Executive Chairman.

Pennisi, who has a BS in Mechanical Engineering and Materials Engineering from the University of California, previously served as President and CEO of Orora Packaging Solutions, a leading provider of custom packaging solutions with an emphasis on corrugated and a customer of EFI.

He previously spent two decades in leadership positions at FLIR Systems (now Teledyne FLIR), Honeywell, and GE At the same time, EFI has announced the separation of its Fiery® business unit as an independent company that will remain wholly owned by Siris.

Fiery will continue to be led by CEO Toby Weiss, the company’s long-time Chief Operating Officer and General Manager. 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 a digital front end (DFE) specialist.

The realignment will benefit both companies and enable them to concentrate on their respective markets while maintaining the close partnership that has contributed to the success of each business.

“Fiery will remain focused on working closely with our OEM partners, including the EFI Inkjet business, to continue developing cutting edge technology that drives the next generation of automation, accuracy, and profit potential in digital printing,” said Weiss. “We look forward to accelerating our investment as a standalone company, while driving our expanding product portfolio, incorporating world-class color algorithms, and developing advanced cloud technology.”

Jeff Jacobson will also serve as the Executive Chairman of Fiery.