While attending the Sharp Imaging and Information Company of America (SIICA) national dealer meeting in Las Vegas this week we started hearing rumors today that former SIICA President & CEO Doug Albregts had joined Marco as president. Within an hour of hearing that rumor, we were able to confirm the news after speaking with Steve Gau, president of Marco’s copier division. Gau told us that Albregts joined the company in this new role effective, Tuesday, Oct. 1.
Albregts left Sharp the end of May 2018 to join Scientific Games Corporation, as EVP and group chief executive officer of the gaming division. He left the company in March of this year and has been working as a consultant since that time.
Marco was acquired by Norwest Equity Partners (NEP) in November of 2015. Speculation has it that NEP will be looking for a return on its Marco investment within the next one to two years. According to Steve Gau, the plan is for current Marco CEO Jeff Gau to eventually step down from that position with Albregts assuming his role as CEO.
This is a win-win for Marco, Albregts, and NEP. The addition of Albregts to the Marco management team is an asset in both the short term and the long term. If things go according to plan for Marco and NEP, the company will be in an excellent position with Albregts at the helm with his proven track record as a leader in the imaging technology space.
We will be providing more information on this story as we gather more details.
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