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 user 2010-01-11 at 10:30:15 am Views: 46
  • #23323

    Can Technology Veteran Len Lauer the new President and CEO of Memjet Launch the Memjet printer ?
    SAN DIEGO Memjet’s board of directors today named Len J. Lauer president and chief executive officer of Memjet.In the newly created role, Lauer will be responsible for overseeing all aspects of the company’s business and will serve on Memjet’s board of directors.

    Before joining Memjet, Len Lauer was executive vice president and chief operating officer of Qualcomm, Inc. Lauer joined Qualcomm in December 2006 with more than 20 years high-tech experience. Prior to Qualcomm, Lauer served as chief operating officer for Sprint Nextel. Prior to Sprint’s merger with Nextel, he was president and chief operating officer for Sprint, where he directed all of the company’s operations to deliver converged media and communication services. Lauer joined Sprint in 1998 and held several executive leadership positions including president of Sprint PCS. He also served as president of Sprint’s consumer services group, president of Sprint Business and president of the global markets group, where he directed product development, marketing and sales, network operations, technology planning and information technology.

    Before joining Sprint, Lauer was president and chief executive officer of Bell Atlantic-New Jersey. Lauer also spent more than 10 years with IBM, holding a variety of management positions in marketing and sales. He is currently on the board of directors of H&R Block.

    Kia Silverbrook, inventor of the Memjet® technology, co-founder, chairman and chief technology officer of Memjet said: “This is a major milestone for Memjet. Len’s leadership and broad experience in global markets, operations, strategic planning, service delivery, sales and marketing will serve us well as we move into full-scale commercialization.”

    “This is clearly an opportune time to join Memjet,” said Lauer. “The company is on the threshold of commercializing its first generation of breakthrough printing components with a strong technology roadmap and funding to drive its future. I join an experienced leadership team and a company building robust business partnerships. I’m excited to lead Memjet into a new phase of commercialization and growth.”

    Jason Martin, managing director of Argonaut Private Equity and a member of Memjet’s board of directors, said: “Len Lauer is a proven leader who brings a wealth of skills and experience to Memjet. Len has operated at the highest levels of the technology industry, with responsibility for multi-billion-dollar businesses. He understands the process of continuous innovation and how to build and run a global business at scale.”

    About Memjet

    Memjet provides industry partners breakthrough color printing technology. With more than 2,600 patents issued and another 2,000 pending, the Memjet® page printing technology delivers unparalleled improvements in color print speed with superior printing economics, leading to compelling new printing and imaging choices for a broad range of consumer and commercial printing markets. Printheads, controller chips, software, consumables and reference designs as well as business and technical expertise are available for home and office (www.memjethomeandoffice.com), labels (www.memjetlabels.com), photo retail (www.memjetphotoretail.com) and wide format (www.memjetwideformat.com) printing markets.

    About Argonaut Private Equity
    Argonaut Private Equity is a diversified global private equity fund with more than $3.5 billion under management. Argonaut exercises wide discretion on investment size, stage, sector and geography. Its equity investments span such diverse markets as alternative energy, technology, financial services, media, telecommunications, medical devices, aviation, retail and healthcare. Argonaut’s portfolio includes investments in the United States, India, China, Israel, Japan, Eastern Europe, the Netherlands and Australia. Argonaut is one of the principal investors in Memjet.