Cimpress adds Lime CEO Wayne Ting to board of directors

DUNDALK, Ireland - Cimpress plc (NASDAQ:CMPR), a global leader in mass-customization print services with a market capitalization of $1.09 billion, announced Monday the addition of Wayne Ting to its board of directors. The appointment comes as the company’s stock has declined 45% over the past six months, though InvestingPro analysis suggests the stock is currently undervalued. Ting, the CEO of the prominent electric vehicle sharing company Lime, officially joined the board on May 27, 2025.

The founder, chairman, and CEO of Cimpress, Robert Keane, expressed confidence in Ting’s appointment, citing his proven track record in delivering customer value and his expertise in blending digital experiences with operational excellence across international markets. The company maintains strong operational efficiency with a 47.8% gross profit margin and healthy cash flows, according to recent financial data from InvestingPro, which offers comprehensive analysis through its Pro Research Report covering 1,400+ US stocks.

Ting’s leadership at Lime, where he has served for five years, coupled with his previous strategic roles at Uber, including Chief of Staff to the CEO, and his early career at McKinsey & Company and Bain Capital, provides him with a diverse background in strategy and operations. His educational credentials include a bachelor’s degree from Columbia University and an MBA from Harvard Business School.

In a statement, Ting conveyed his enthusiasm for joining Cimpress’s board, noting the company’s ongoing innovation in the print industry and its potential for continued growth. He highlighted the team’s commitment to enhancing customer experiences as a driver for long-term shareholder value.

Cimpress, known for its investment in entrepreneurial, customer-centric businesses, operates multiple brands that serve various segments of the print industry. These include BuildASign, druck.at, Drukwerkdeal, easyflyer, Exaprint, National Pen, Packstyle, Pixartprinting, Printi, Tradeprint, VistaPrint, and WIRmachenDRUCK. The company’s strategy focuses on mass customization, aiming to meet individual customer needs with efficiency similar to mass production.

The information regarding Wayne Ting’s appointment to Cimpress’s board of directors is based on a press release statement.

In other recent news, Cimpress N.V. reported its third quarter fiscal 2025 results, which did not meet analyst expectations. The company posted a loss of $0.33 per share, falling significantly short of the anticipated $0.80 earnings per share. Revenue was reported at $789.47 million, below the consensus estimate of $822.03 million, although it showed a 1% year-over-year increase on a reported basis and 3% on an organic constant-currency basis. The company is facing challenges due to uncertainties surrounding tariffs, leading them to withdraw previous guidance for fiscal 2025 and beyond.

Cimpress highlighted that its Vista segment experienced 3% reported revenue growth, with notable increases in promotional products, apparel, gifts, signage, and packaging, while business cards and stationery saw a 3% decline. The company is addressing higher input costs, particularly in promotional products, apparel, and gifts, due to increased tariffs on Chinese goods. To mitigate these impacts, Cimpress is exploring alternative raw material sources and implementing pricing adjustments on certain products. Despite these challenges, the management remains confident in the company’s financial position, citing no immediate debt maturities and adequate liquidity.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.