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Incoming Scitex CEO Discusses Goal to Dominate Industrial Inkjet

Monday, June 23, 2003

Press release from the issuing company

June 23, 2003 -- (WhatTheyThink.com) -- Scitex Corporation Ltd. announced last week that Nachum “Homi” Shamir has been appointed to the position of President and CEO of Scitex Corporation. Mr. Shamir will replace Yeoshua Agassi, and his appointment will take effect on June 30, 2003. Mr. Shamir is currently President and CEO of Scitex Digital Printing, Inc. (SDP), and will continue to serve in that capacity. According to Scitex, this appointment will bring a global view of the graphic arts and data center markets to the Scitex parent organization, as well as hands-on experience and direct knowledge of customer applications and businesses In an exclusive interview, conducted by WhatTheyThink.com contributing columnist Cary Sherburne, Shamir shared his initial thoughts as he prepares to assume his new role. Here are some of the high points. Organizational Structure: “My thought is that perhaps we should go back to being an operating company and better align our relationships among the individual companies. Ultimately, we will determine what makes the most sense with respect to the value of the assets of the company.” On the Increasing Move to Color: “People want to move to color, mainly because they see the potential of leveraging their CRM investments, as well as the elimination of preprinted stock and reduction of overall inventories.” Addressing Lower Volume Markets: “As the market develops, we are seeing a need for midrange equipment for lower volume needs, and for flexible payment terms. That’s why we introduced Vantage, our midrange offering, as well as different pricing options including click-based models.” Image Quality Enhancements: “We have under development an even higher resolution print head with a very small drop size with multiple-drop capability. This allows us to achieve a greater resolution, so that we are running at 1200x300.” The Future of Scitex: “Scitex Digital Printing has registered over 500 patents, most still in force. Our other companies have a lot of patents as well. We are positioning Scitex as the industrial inkjet powerhouse, and we will be taking that market into the future with innovative solutions, just as we did in prepress.” *Editor’s Note: This news story contains excerpts from an interview conducted by WTT contributing columnist Cary Sherburne entitled: “Scitex Gearing Up to Dominate Industrial Inkjet”. Premium Access members can access this interview by visiting www.WhatTheyThink.com.

 

 

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