Release Date: Tuesday, April 14, 2020
Press release from the issuing company
On April 13, Len Lauer, CEO of Memjet, passed away unexpectedly at his home in La Jolla, California. He was 62 years old. Lauer was named the CEO of Memjet in 2010 and assumed the role of Chairman in 2012.
“On behalf of our Board of Directors and employees worldwide we extend our deepest sympathies to Len’s family during this very difficult time,” said Tony Duddy, Memjet’s group president, R&D and Operations and board member. “An outstanding leader, visionary, and champion for high-quality, innovative digital printing technology for all markets, Len was a tireless advocate for Memjet Technology, our employees, and for delivering beautiful precision to the OEM partnership communities we serve as and their customers. Most importantly, Len was a devoted husband, father, and friend. We all will miss his tremendous presence in our lives.”
Lauer was born and raised in Springfield, Massachusetts, and received his Bachelor’s in Science degree in Managerial Economics from the University of California, San Diego in 1979. For over 30 years, Lauer held leadership roles with leading global technology innovators, developers and providers, including Qualcomm, Sprint, Bell Atlantic and IBM, and for the past 10 years, Lauer held the role of Memjet CEO, overseeing the company’s growth to its current status as a global leader in the development of inkjet printing technology.
During his tenure at Memjet, Lauer’s exceptional business acumen combined with his competitive spirit and strong family values drove his success in building teams, partnerships and industries. His passion, dedication and leadership will have an everlasting impact on Memjet’s business and employees, OEM partners and the print industry.
“Our family has always been inspired by Len’s passion for Memjet and the work of the Memjet team,” said Beth Lauer, Mr. Lauer’s wife. “Len was proud of the strong culture at Memjet.”
“Len’s clear and steady leadership at Memjet continually inspired confidence with employees, customers, suppliers, and its board of directors. He will be missed, but he has positioned the company very well for a successful future,” said Don Millican, Memjet board member and Chief Financial Officer, Kaiser-Francis Oil Company.
Effective immediately, the Board of Directors has named seasoned print industry executive and Memjet board member Sunil Gupta, as CEO of Memjet.
Gupta joined Memjet’s Board of Directors in January of 2019. He has held leadership roles in major print industry businesses, including Fuji Xerox Australia, Fuji Xerox Asia Pacific and Xerox International Partners, and Xerox Corporation.
With the full confidence of the Memjet Board of Directors and its senior leadership team, Gupta will carry on Lauer’s legacy of courage, collaboration, and commitment to all stakeholders.