Jeff Jacobson (CEO) explained

Jeff Jacobson
Birth Date:[1]
Nationality:American
Other Names:Jeffrey Jacobson
Education:State University of New York Buffalo (BS)
Alma Mater:Cornell University School of Industrial Relations (MS)
Pace University School of Law (JD)
Occupation:Business executive
Years Active:1990s-present
Employer:Electronics For Imaging, Siris Capital
Boards:Electronics For Imaging

Jeff Jacobson (born 1959) is an American business executive.[1] Currently the executive chairman of Electronics For Imaging (EFI),[2] he is also an executive partner at SIRIS Capital Group LLC. He previously served as the CEO of EFI, Xerox Corporation,[3] [4] Presstek, Kodak Polychrome Graphics, and as COO of Kodak's Graphic Communications Group.

Biography

Born circa 1959,[1] Jeff Jacobson grew up in Brooklyn, New York, as well as the Bronx and Yonkers. He graduated from the State University of New York Buffalo in 1981 with a Bachelor of Science degree.[5] He then earned a Master's degree from the Cornell University School of Industrial Relations,[6] followed by a juris doctor degree from Pace University School of Law. Jacobson is a member of the New York State Bar Association and the New Jersey State Bar Association.[6] From 1998 to 2005, Jacobson held executive positions at Kodak Polychrome Graphics,[1] a joint venture between Kodak and Sun Chemical.[6] Starting in human resources,[5] he then served as the company's CEO,[6] where according to the Rochester Business Journal he led a "turnaround" resulting in the sale of the company to Kodak,[7]  where he then served as chief operating officer of Kodak's[1]  $3.6 billion Graphic Communications Group.[6] From 2007 until 2012 he was president and CEO of Presstek,[1]  a manufacturer of digital offset printing products,[6] also serving as chairman for three years.[2]

In February 2012, Jacobson joined Xerox as president of Global Graphic Communications Operations, working out of Xerox's headquarters in Norwalk, Connecticut. In 2014 he became the president[6] and chief operating officer of Xerox Technology.[8] On June 23, 2016, he was announced as the future CEO of Xerox, succeeding Ursula Burns.[1] He became Xerox CEO on January 1, 2017,[9] also joining the board.[2]   He announced a number of changes at Xerox in 2017, including its largest product launch,[10] as well as a new focus on "small and midsize" companies to "cut dependence on its large enterprise customers," with the latter seen by analysts as a declining market.[11]  Also overseeing job cuts[12]  and an effort to achieve "$1.5 billion in improved operational efficiencies,"[13]  he described Xerox as "pursuing R&D" in areas such as content managementgraphic communications, printed electronicssmart labels, and "direct-to-object" printing techniques.[10] In June 2017, he was a signatory on the CEO Action for Diversity & Inclusion initiative.[14] On May 1, 2018, Xerox announced that under a deal with dissident investor Carl Icahn, Jacobson would resign as chief executive and director.[15] Three days later, the company announced that the deal would not go into effect,[16] although on May 16, 2018, he was indeed succeeded by John Visentin.[17] Jacobson was then appointed executive chairman of Electronics for Imaging (EFI), a technology company headquartered in Fremont, California, in July 2019. He also became an executive partner at Siris Capital, EFI's owner,[18]  and on August 13, 2019, he was appointed EFI's new chief executive officer.[19] In January 2023, Jacobson was succeeded as EFI CEO by Frank Pennisi, with Jacobson continuing to serve as EFI chairman. Jacobson also became executive chairman of Fiery, LLC, a new EFI spinoff company.[20] The University at Buffalo School of Management awarded him its Centennial Achievement and Impact Award in Sept. 2023.[21]

External links

Notes and References

  1. Web site: Xerox Rising: Eastman Kodak Vet Jacobson to Succeed CEO Burns .
  2. Web site: Jeff Jacobson, EFI In: Porifle and Biography. www.bloomberg.com.
  3. Web site: Xerox Announces John Visentin as New CEO; Sets 2018 Annual Meeting Date. Xerox Newsroom. 2018 .
  4. Web site: Xerox CEO is back as board does shock U-turn. 4 May 2018.
  5. Web site: Opening Doors to Talent .
  6. Web site: Former Kodak executive to lead Xerox post-split .
  7. Web site: Future image | Rochester Business Journal . 22 September 2006 .
  8. Web site: Jeff Jacobson, CEO. Xerox Corporation. 4 January 2017. 4 January 2017. https://web.archive.org/web/20170104234626/https://www.xerox.com/en-us/about/executive-leadership/corporate-officers/jeff-jacobson-biography. dead.
  9. News: Xerox Picks Insider Jeff Jacobson to Succeed Ursula Burns as CEO. FitzGerald. Drew. 2016-06-24. Wall Street Journal. 2017-12-11. Benoit. David. en-US. 0099-9660.
  10. Web site: Xerox CEO: Our journey from paper docs to printed electronics . 18 April 2017 .
  11. Web site: Xerox Hits the Restart Button .
  12. Web site: Xerox Workers Should Brace for Even More Job Cuts .
  13. Web site: Xerox completes split into 2 companies . .
  14. Web site: CEOs join initiative to improve workplace diversity . 12 June 2017 .
  15. News: Xerox's Leaders Depart, Putting Fujifilm Deal in Jeopardy. 2018-05-01. The New York Times. 2018-05-02. en-US. 0362-4331.
  16. News: Xerox Executives Stay Put as Settlement With Carl Icahn Expires. 2018-05-04. The New York Times. 2018-05-04. en-US. 0362-4331.
  17. Web site: John Visentin becomes CEO at Xerox | Rochester Business Journal . 17 May 2018 .
  18. Web site: Jacobson becomes EFI CEO .
  19. News: BRIEF-Electronics for Imaging Appoints Jeff Jacobson as CEO . Reuters . 13 August 2019 .
  20. Web site: Printweek - Fiery becomes independent; EFI appoints new CEO .
  21. https://www.buffalo.edu/news/news-releases.host.html/content/shared/mgt/news/ub-school-of-management-centennial-celebration.detail.html "UB School of Management to hold centennial celebration," University at Buffalo