Electronics For Imaging (EFI), a world leader in customer-focused digital printing innovation, has announced that Chief Financial Officer David Reeder, in order to relocate closer to his family, has submitted his resignation as Chief Financial Officer. He has accepted the position of Chief Financial Officer of Lexmark International, but will remain with EFI until the end of this week to ensure a smooth transition.
“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 Reeder. “While my family interests come first, I remain a believer in EFI’s strategy.”
The company intends to appoint Marc Olin, currently Chief Operating Officer, as interim Chief Financial Officer in addition to his current responsibilities. Olin previously served as interim Chief Financial Officer of EFI from September, 2013 to January, 2014. Prior to joining EFI, he 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 endeavour,” 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.”
Reeder held numerous finance and operational roles in the U.S., Singapore, Malaysia, France, and the UK. Prior to joining EFI, he was the CFO of Cisco’s $16B Enterprise Networking Division. He has also held executive positions at Texas Instruments and Broadcom. Reeder hails from Arkansas. He holds a BSC in Chemical Engineering from the University of Arkansas and an MBA from Southern Methodist University.