- Current CFO Ernst Teunissen to depart the company November 4, 2015 -
VENLO, Netherlands--(BUSINESS WIRE)--Oct. 8, 2015--
Cimpress N.V. (Nasdaq: CMPR), the world leader in mass customization,
today announced the promotion of Sean Quinn, currently Cimpress’ vice
president of corporate finance and chief accounting officer, to senior
vice president and chief financial officer, effective October 26, 2015.
Current CFO Ernst Teunissen has accepted a CFO role with another public
company and will depart Cimpress on November 4, 2015.
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Sean Quinn, Cimpress Chief Financial Officer effective October 26, 2015 (Photo: Business Wire)
“Since joining Cimpress in 2009, Ernst has made very significant
contributions to the company, first in his role leading corporate
strategy and then as chief financial officer,” said Robert Keane,
president and chief executive officer of Cimpress. “During his tenure,
he built a strong infrastructure for corporate strategy, M&A and
finance, and helped the company evolve its capital structure and capital
allocation approach to support our objectives to be the leader in mass
customization and to maximize our intrinsic value per share. I thank him
for his years of service to the company.”
Teunissen will participate in the company’s first quarter earnings
conference call scheduled for October 29, 2015 along with Keane and
Quinn. “The decision to leave Cimpress was difficult for me,” said
Teunissen. “We are executing on a compelling strategy, and I have been
lucky to work with my talented Cimpress colleagues over the years. I was
not looking to leave the company, but was recruited to another role that
I felt was right for me personally. I want to thank Robert, my team, and
employees throughout Cimpress for a truly fantastic experience over the
Quinn joined Cimpress in 2009. Keane noted, “I am very pleased that we
have a great internal successor in Sean Quinn. As chief accounting
officer, he is a key leader within Finance and has the full confidence
of me, the supervisory board and his newly expanded team. Over the past
six years at Cimpress, Sean has successfully taken on more and more
scope and complexity, running a world-class controllership and reporting
organization and supporting major investment decisions and M&A activity.”
Prior to his role as chief accounting officer, Quinn served as global
controller from April 2012 to November 2014, as director, external
reporting & accounting from July 2010 to April 2012, and as senior
manager, external reporting & accounting from October 2009 to July 2010.
Before joining Cimpress in 2009, Quinn was a Certified Public Accountant
with KPMG LLP in the firm’s Philadelphia, London and Boston offices. He
holds a B.S. in accounting from Saint Joseph’s University.
“I am excited to take on additional responsibilities at Cimpress,” said
Quinn. “I look forward to joining the executive team, and continuing to
execute against our established capital allocation approach and
financial policy which we have communicated extensively over the past
year. I am also confident in the finance organization’s ability to
smoothly manage through the leadership transition.”
Cimpress N.V. (Nasdaq: CMPR) is the world leader in mass customization.
For 20 years, the company has been producing, with the reliability,
quality and affordability of mass production, small individual orders
where each and every one embodies the personal relevance inherent to
customized physical products. The company produces more than 46 million
uniquely designed items a year. Cimpress’ portfolio of brands includes
Vistaprint, Albelli, Drukwerkdeal, Pixartprinting, Exaprint and others.
That portfolio serves multiple customer segments across many
applications for mass customization. To learn more, visit http://www.cimpress.com.
Cimpress and the Cimpress logo are trademarks of Cimpress N.V. or its
subsidiaries. All other brand and product names appearing on this
announcement may be trademarks or registered trademarks of their
This press release contains statements about our future expectations,
plans, and prospects of our business that constitute forward-looking
statements for purposes of the safe harbor provisions under the Private
Securities Litigation Reform Act of 1995, including but not limited to
statements about our corporate objectives and the anticipated success of
our CFO succession plan. Actual results may differ materially from those
indicated by these forward-looking statements as a result of various
important factors including, but not limited to, our ability to
successfully implement the succession plan, disruptions in our
operations and business that may result from this change, our ability to
attract and retain key employees, the failure of our strategy, and other
factors described in our Form 10-K for the fiscal year ended June 30,
2015 and the other documents we periodically file with the U.S.
Securities and Exchange Commission.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151008006343/en/
Source: Cimpress N.V.
Cheryl Wadsworth, +1-781-690-2120