EFI Appoints Internet Visionary David Peterschmidt to Board of Directors
Friday, May 23, 2003
FOSTER CITY, Calif.--May 22, 2003-- Electronics For Imaging, the world leader in imaging solutions for network printing, today announced the appointment of David Peterschmidt to EFI's Board of Directors. Peterschmidt is the former President and CEO of Inktomi, the technology leader that transformed Internet searches and Internet infrastructure software. Inktomi was recently acquired by Yahoo! Inc. "David is a true Internet pioneer who brings new vision and expertise to EFI's Board of Directors," said EFI CEO Guy Gecht. "David's experience in growing billion dollar companies and selling technology to senior IT management in the enterprise brings additional strengths to our highly experienced Board." "EFI is a great company with tremendous opportunities, a clear strategy for growth and a talented team to execute that strategy," said Peterschmidt. "I look forward to joining EFI's Board and helping to guide their growth as a leader in the professional printing market by contributing my expertise in building global Internet and software businesses." Peterschmidt joined Inktomi in 1996, rapidly building the company into a publicly traded, global enterprise. At its height in 2000, Inktomi had 1500 employees and quarterly revenues of $85 million and served the world's largest Internet infrastructure and media companies. In 2002, Yahoo! acquired Inktomi. From 1991-1996, Peterschmidt was the Chief Operating Officer of Sybase, Inc, helping to grow that software company from $100 million to $1 billion in four years. Earlier, he held leadership positions at technology and consulting companies E2, System Industries, Lex Computer Products and Hamilton/Avnet. Peterschmidt holds an MBA from Chapman College and an undergraduate degree from the University of Missouri.