Monotype Imaging Holdings Inc. announced that it has hired Joseph Hill as the company's new chief financial officer and executive vice president. In this role, Hill will serve as a key business partner to the executive team and be tasked with helping to drive continued improvement to Monotype's financial performance, strategy, operations, and EBITDA growth. He will work closely with the executive team to contribute to the evolution and execution of the company's strategic and operational business plans.

Hill succeeds Scott Landers, who will remain as Monotype's Chief Operating Officer and is expected to be appointed CEO on January 1, 2016, when current CEO Doug Shaw retires. Shaw is expected to remain a member of the board of directors at least until the end of his term in 2017, and to work for Monotype in a part-time advisory role from the date of his retirement until March 31, 2016. Hill will report to Landers, effective September 8, 2015.

Hill has an extensive background working as an executive at publicly traded companies, most recently at Metabolix Inc., where he had worked since 2008 as senior vice president, CFO and treasurer. Hill has also served as CFO at Dirig Software, Maconomy Corporation, Datamedic Corporation and Marcam Corporation. Hill brings an extensive background of implementing strong operational and financial processes for business analysis.

He will be responsible for directing external SEC and internal reporting, financial planning and analysis, and establishing and reporting key performance metrics to assist in the ongoing management of operations. He will also be responsible for the financial modeling of prospective and new business initiatives for Monotype.