Presstek Taps Jeffrey Beck as Its New President and CEO

HUDSON, NH—July 3, 2014—Presstek has announced that Jeffrey A. Beck has joined the company as president and CEO effective May 1, 2014. Beck succeeds David Savage who recently transitioned to lead WaterJet Holdings, another portfolio company held by Presstek’s owner, American Industrial Partners.

Beck is a proven executive with a strong track record of driving profitable growth across many technology focused business sectors. He has successfully led high performing teams through journeys that combined strategic planning with best practice execution and financial discipline—ultimately creating valuable and differentiated businesses. Prior to joining Presstek Jeff served as Chief Operating Officer for iRobot Corp. and earlier there as president, Home Robots Division. During his tenure at iRobot Jeff led the teams that delivered innovative new products, expanded global distribution, significantly improved product quality and emphasized operational excellence. Because of these accomplishments, today, iRobot is a growing, profitable and well respected technology brand. Before joining iRobot Jeff served at AMETEK Corp. as senior vice president and general manager of the Aerospace and Defense Division and earlier as vice president and general manager of the Power Systems and Instruments Division. In both roles he led teams through the development and implementation of strategies resulting in differentiated, growing and profitable businesses. Beck’s career also includes assignments at Danaher Corp. where he served as a division president and Emerson Electric, where he held a series of engineering, sales, and general management positions.

Beck's technology background, experience launching sizable service businesses and creating diversified and profitable business platforms will serve Presstek well in strengthening and building its core products and services portfolio.

As Presstek’s president and CEO, Beck will drive the company’s strategy and vision for long-term growth and profitability by developing and bringing to market a technologically advanced and innovative product portfolio along with superior technical support and service programs. The entire leadership team at Presstek is excited to be working under Beck's guidance to develop new business opportunities, foster brand loyalty and strengthen existing relationships with customers and distribution channels.

“I am very excited to join Presstek during this stage of its renewal. Presstek has made excellent progress improving operational and financial performance since being acquired by private equity firm AIP in 2012,” Beck said. “I look forward to leading Presstek into the next exciting era, investing in Research and Development and launching new environmentally friendly print system solutions that help our customers remove complexities, chemistry, and waste from their production chain. Our goal is to foster strong customer relationships, achieve sustainable profitability, and enhance our position in the industry.”

Beck holds a Master’s degree in Business Administration from Boston University and a Bachelor of Science degree in Mechanical Engineering from the New Jersey Institute of Technology. In addition he actively serves on the Board of Directors for Sun Edison Semiconductor, Fiber Optic Components and The New Jersey Institute of Technology’s Engineering College Advisory Board.

About Presstek LLC
Presstek provides printing solutions that are eco-friendly and engineered to streamline workflow as well as increase productivity, efficiency, and profits for print providers. Presstek’s core product portfolio includes: four- to six-color digital offset DI presses available new and factory refurbished; Computer-to-Plate systems available new and factory refurbished; and printing plates for DI presses and CTP applications (waterless, thermal and inkjet). In addition to its product offerings, Presstek is a multi-vendor service provider with a global network of expert service technicians supporting prepress, press, and postpress equipment including Presstek brands and many of the industry’s well-known brands.

Source: Presstek.