EFI hands key director role to tech expert Chaffin
![EFI hands key director role to tech expert Chaffin](https://cyetesiooa.cloudimg.io/https://www.fespa.com/getattachment/d310eb75-8b8c-4e7e-a747-6d2d0ba7ce20/Chaffin.jpg?width=750)
Print manufacturing giant EFI brings in tech expert to strengthen its board, while the firm also announces details of a new credit facility worth $150.
EFI has appointed experienced technology industry executive Janice Chaffin to its board of directors, while the digital print company has also entered into an engagement letter for a senior secured revolving credit facility for up to $150m (£116.1m/€133.1m).
Chaffin specialises in marketing and global operations and will bring a wealth of experience and knowledge to the EFI team.
She has held a number of senior executive positions at Symantec Corporation, including a spell as group president of its consumer business unit from 2007 to 2013.
In addition to her role at EFI, Chaffin will continue to serve on the boards of directors at both Synopsys, Inc. and PTC Inc.
Gill Cogan, chairman of the EFI board spoke highly of the new appointment and said Chaffin will prove a key addition to the manufacturer’s senior team.
Speaking in a statement, Cogan said: “With her demonstrated expertise in global marketing, strategy, business development, R&D management and product development, Janice is an excellent addition to the EFI board.”
Bill Muir, who took on the role of chief executive at EFI, also backed Chaffin to help drive further growth at EFI, saying in a statement: “Janice is a proven leader and innovator in the software and hardware industries. We look forward to benefiting from her expertise as we continue to grow our company.”
Looking ahead to her new role with EFI, Caffin also said: “I am excited about the opportunities ahead for EFI, and I look forward to contributing to the company’s growth and strategic direction.”
Meanwhile, EFI has this week announced details of a senior secured revolving credit facility for up to $150m.
The manufacturer said that this funding will be used for “general purposes”, but did not go into further details on the plans. EFI signed its engagement letter with Citibank.
The move comes on the back of a successful third quarter for EFI, during which it was able to achieve record revenue of $275.1m, up 4% on the corresponding period last year.
Speaking about the results last month, Muir said new technology will play a key role in the company's future growth strategy, singling out its Nozomi platform in particular as an innovation driving the firm forward.
He said: “The Nozomi platform and its early success in transforming corrugated packaging from analogue to digital is just one example of how EFI is accelerating the digital transformation of industries where colourful images matter.”
Topics
Interested in joining our community?
Enquire today about joining your local FESPA Association or FESPA Direct
Recent news
![The benefits of using AI in speciality print](https://cyetesiooa.cloudimg.io/https://www.fespa.com/getmedia/b6bc901e-ccaf-4027-9d8b-280c954c0520/mark-coudray.png?width=550)
The benefits of using AI in speciality print
Mark Coudray shares how AI is beginning to have a crucial impact in speciality graphics particularly regarding screen printing and wide format printing.
![The top outdoor prints in the UK](https://cyetesiooa.cloudimg.io/https://www.fespa.com/getmedia/9eafd3a2-4443-4282-89b9-f6b54f9407f0/Outdoor-2_1.jpg?width=550)
The top outdoor prints in the UK
Rob Fletcher showcases examples of the best outdoor print in the UK that are uniquely innovative.
![Sustainable signage: the future of lightboxes](https://cyetesiooa.cloudimg.io/https://www.fespa.com/getmedia/abc1199e-7a76-4a32-8f76-e15b76d9d32c/My-project-86_3.png?width=550)
Sustainable signage: the future of lightboxes
Among the various signage solutions, illuminated signs stand out for their ability to combine visibility with sustainability. James Gatica Matheson explores how sustainable practices are being integrated into the production of light signage and essential electrical safety requirements that align with the Sustainable Development Goals (SDGs).
![Bell Printers triumphs at FESPA Awards 2023 for its luxury coffee packaging](https://cyetesiooa.cloudimg.io/https://www.fespa.com/getmedia/9eefe598-6873-45db-a93a-807973ccdd68/Untitled-design_3.png?width=550)
Bell Printers triumphs at FESPA Awards 2023 for its luxury coffee packaging
Bell Printers won the bronze award at the FESPA Awards 2023 for the 'Luxury Packaging' category with its exquisite entry for Alluveim luxury coffee packaging. Mobin Akash, 3D Designer at Bell Printers discusses this crucial win, their winning entry and the importance of sustainability for this project.