CEO takes up new role

Inkcups reshuffles board

Adner: "The organisation is ready for new leadership that will help accelerate growth"
Adner: "The organisation is ready for new leadership that will help accelerate growth"

Inkcups CEO and Founder Benjamin Adner has stepped aside after 23 years at the helm, taking up a new position as chief innovation officer at the promotional product printing kit manufacturer on 25 March.

Adner’s seat has been filled by Rick Hajec, long-time advisor to the firm, and board member of Inkcups through its private equity partner MPE Partners since January 2022. Vice president of sales James [Jim] Burns has also been promoted, to chief commercial officer.

The reshuffle, more than a year in the making, will help give the firm fresh energy for growth, according to Adner.

He said: “I have been running Inkcups with great success for the last 23 years. However, the organisation is ready for some new professional leadership that will help accelerate growth. 

“I have known Rick for a long time, and his guidance over the years has been invaluable to the company and to me. 

“He knows our business, our people, our customers, and there is no-one more suited to take Inkcups to the next level. I feel very lucky to be handing over the reins to him.”

Hajec’s previous laurels include heading up microtechnology manufacturer Vectron International through several acquisitions, divestitures and the 2008 crash, with over $200m (£159m) in peak sales, and the acceleration of growth at electronic parts supplier Corfin industries for a successful sale to private equity.

Hajec said: “It is an honour to be stepping into the role of CEO, particularly at such an exciting time in the company’s journey. 

“For the past 11 years, I have worked closely with Ben and the team as Inkcups has grown; developing new technology, penetrating new markets, experiencing growth across a wide range of segments and geographies.

“Now, the company is perfectly positioned to enter its next phase, continuing to grow, innovate, and deliver outstanding solutions globally.”

MPE invests in profitable, lower mid-market companies with revenues up to around £183m, with target areas for investment in high-value manufacturing and commercial and industrial services.

It signed an investment deal with Inkcups in early 2022 to help the manufacturer develop new printing systems and supplies, and extend its global sales and customer support network.

Matt Yohe, partner at MPE, said: “This strategic leadership team brings together a wealth of experience and expertise that will be instrumental in driving Inkcups' future growth.

“Ben Adner's proven track record in identifying and entering new markets, combined with Rick Hajec's leadership experience across diverse business sizes, positions Inkcups for significant expansion. 

“Furthermore, Jim Burns' deep industry knowledge and customer focus will be invaluable in crafting and executing a winning sales and service strategy, fostering stronger customer relationships and propelling revenue growth.”