Presstek Names Peter U. Blum as Senior Advisor for European Operations
Appointment Supports Focus on Expansion Opportunities in Europe
HUDSON, N.H., Oct. 25 -- Presstek, Inc. (Nasdaq: PRST), the leading manufacturer and marketer of digital offset printing business solutions, today announced the appointment of Peter U. Blum as senior advisor for European operations. Blum will report directly to Jeff Jacobson, president and chief executive officer, and will work with Ray Hillhouse, director of sales and operations for Presstek Europe. Presstek appointed Blum to this position to build channels, develop go-to-market strategies and improve operating efficiencies with the goal to expand Presstek's international reach and strengthen the company's European presence.
"Today, two-thirds of the global printing market exists outside of North America, and Presstek aims to create a European footprint that is equal to or larger than our North American operation," said Jeff Jacobson, Presstek president and chief executive officer. "In response to this growth opportunity, we are very pleased that respected industry veteran, Peter Blum, has agreed to become senior advisor to the company, focusing on our European expansion. Peter is one of the most respected executives in our business, having previously run Kodak Polychrome Graphics' largest regional operation for five years. His knowledge of Europe's distributor and customer base and consistent track record of success will be an invaluable asset as we grow our international presence."
Blum will be based out of Germany, where he most recently served as president and senior corporate vice president of the European Region (Europe, Middle East, Africa) for Kodak Polychrome Graphics. Prior to this, Blum spent a large part of his extensive career in a variety of senior leadership positions domestically and internationally, mostly for the Hoechst Group of companies.
He has held leadership positions in industry organizations such as the CCMA and the Society of Chemical Industry (SCI). Blum has also served as a board member of various Hoechst associated companies around the world. He is an alumnus of the Harvard School of Business (HBS) and INSEAD in France.
"I am thrilled to have the opportunity to utilize my knowledge of European markets and channels to drive Presstek's continued growth across the region," said Blum. "There is strong demand for high quality, easy-to-use, environmentally friendly and cost-effective digital offset printing solutions internationally, and I look forward to contributing to Presstek's global presence."
About Presstek Presstek, Inc. is the leading manufacturer and marketer of high tech digital imaging solutions to the graphic arts and laser imaging markets. Presstek's patented DIŽ, CTP and plate products provide a streamlined workflow in a chemistry-free environment, thereby reducing printing cycle time and lowering production costs. Presstek solutions are designed to make it easier for printers to cost effectively meet increasing customer demand for high-quality, shorter print runs and faster turnaround while providing improved profit margins. Presstek subsidiary, Lasertel, Inc., manufactures semiconductor laser diodes for Presstek's and external customers' applications. For more information visit www.presstek.com, or call 603-595-7000 or email: info@presstek.com.
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