LAWRENCEVILLE, NJ – Datacolor has announced that parent company Eichhof Holding AG in Switzerland will sell its remaining real estate business interests, leaving Datacolor as the only operating company and paving the way for Eichhof Holding to rename itself with the Swiss stock exchange as Datacolor AG.

 

As part of the company’s plan moving forward, the Board of Directors at Eichhof Holding AG has announced that Albert Busch, current Vice President of Datacolor’s Industrial Business Unit, will succeed Terry Downes as CEO of Datacolor effective Jan. 1, 2009. Downes will head a new business development team to coincide with Busch’s strategy for the company’s future growth. Busch’s primary objective as CEO will be to focus the company on its core competencies in areas of business that will have the greatest impact on corporate growth moving forward.

 

Busch joined Datacolor with domestic and international business development and marketing experience. He spent the last 16 years at Bekaert, a Belgium-based global manufacturer of advanced metal materials and coatings used in the automotive, textile, glass, automation, electronics and chemical industries. His most recent position at Bekaert was Vice President of Bekaert Corp. and General Manager Americas of its Stainless Technologies Division headquartered in Marietta, GA. Busch joined Datacolor 10 months ago as Vice President of the company’s Industrial Business Unit. He will be based out of Datacolor’s corporate offices in Lawrenceville, NJ.

 

Datacolor has announced a number of other executive appointments. Stefan Dobler, who is currently interim CFO at Eichhof Holding, has accepted the role as Datacolor’s CFO. Dobler will continue to work out of the company’s Dietlikon, Switzerland, office where he can oversee and better comply with Swiss securities laws and regulations.

 

Brian Levey, who is currently Vice President of the Consumer Business Unit at Datacolor, has accepted the position of Vice President of the Industrial Business Unit, a position made vacant by Busch’s new roll as President and CEO.

 

Christoph Gamper, who currently manages Datacolor’s Consumer Business Unit in Europe, will now become the company’s new Vice President of the Consumer Business Unit, replacing Levey. Gamper will continue to work from the company’s Dietlikon offices.