RR Donnelley Announces Chief Executive Officers and Board Leadership of Future Independent Companies
25 March 2016 - 7:00AM
R. R. Donnelley & Sons Company (Nasdaq:RRD)
announced today the appointments of the Board leadership and Chief
Executive Officers of LSC Communications, Inc., Donnelley Financial
Solutions, Inc. and R. R. Donnelley & Sons Company to be
effective as of the consummation of the previously announced
spinoff transactions which the Company expects to complete in
October 2016.
LSC Communications - will be an approximately
$3.5 billion company with over 20,000 employees worldwide that will
serve the needs of publishers, merchandisers and retailers with
innovative product, service and technology offerings that combine
print, e-services, warehousing, fulfillment and supply chain
management to increase speed to market, reduce costs and improve
efficiencies.
- Thomas J. Quinlan III will be Chairman and
Chief Executive Officer. Mr. Quinlan has been RRD’s President
and CEO since April 2007. He joined RRD in 2004 and has
served in various finance and operations capacities including as
Chief Financial Officer. Prior to that time, Mr. Quinlan
served in various finance positions at World Color Press, Inc.,
Walter Industries, Marsh & McLennan and Kidder Peabody. Mr.
Quinlan has been a director of RRD since 2007. Mr. Quinlan
holds an MBA from St. John’s University and a BS in Business
Administration from Pace University.
- Judith H. Hamilton will be Lead Director of
the Board of Directors. Ms. Hamilton is the Former President
and CEO of Classroom Connect Inc., a provider of materials
integrating the Internet into the education process. She also
served as President and CEO of FirstFloor Software, an Internet
software publisher and as CEO of Dataquest, a market research firm
for technology. Ms. Hamilton has served on many public and
private company boards including Novell, Inc. and
Software.com. Ms. Hamilton has been a director of RRD since
1995 and currently serves as the Chair of the Board’s Governance,
Responsibility & Technology Committee.
Donnelley Financial Solutions – will be an
approximately $1 billion financial communications, data services
and language solutions company with over 3,000 employees worldwide
specializing in producing, distributing and translating documents
and electronic communications to support customers in the global
capital, compliance and investment markets.
- Daniel N. Leib will be Chief Executive
Officer. Mr. Leib has served as RRD’s Executive Vice
President, Chief Financial Officer since May 2011. He joined
RRD in 2004 and has served in various capacities in financial
management, corporate strategy and investor relations. Prior
to that time, Mr. Leib served in various financial management,
corporate strategy and investor relations positions at The
Interpublic Group of Companies, Sears, Roebuck & Company and
Dun & Bradstreet Corporation. Mr. Leib started his career
as a technology consultant at Andersen Consulting LLP. Mr.
Leib holds an MBA from New York University and a BS from the
University of Illinois.
- Richard L. Crandall will be Chairman of the
Board of Directors. Mr. Crandall is the Founder and Chairman
of Enterprise Software Roundtable, a CEO roundtable for the
software industry, and as a founding Managing Director of Arbor
Partners, a technology venture capital firm. Mr. Crandall has
also been a technology advisor to the U.S. Chamber of Commerce and
a founder of Comshare, Inc., a decision support software company,
where he served as CEO for 24 years and Chairman for three
years. Mr. Crandall has been involved in leadership roles,
including having served as Chairman of Giga Information Group, a
technology advisory firm and Novell. He currently serves on
the boards of Diebold, Inc., Pelstar LLC and several tech
ventures. Mr. Crandall has been a director of RRD since 2012
and currently serves on the Board’s Governance, Responsibility
& Technology Committee.
R. R. Donnelley & Sons Company – will be an
approximately $7 billion global communications management company
with over 42,000 employees worldwide and an unparalleled portfolio
of capabilities, experience and scale that helps organizations
efficiently execute their multichannel communication
strategies.
- Daniel L. Knotts will be Chief Executive
Officer. Mr. Knotts has served as RRD’s Chief Operating
Officer since January 2013 which role includes responsibility for
RRD’s global business performance inclusive of sales, marketing,
operations, information technology, research & development,
digital solutions, strategic sourcing and environmental, health and
safety worldwide. He joined RRD in 1986 and has served in
various capacities in operations, finance and sales
management. Mr. Knotts holds an MBA from Ashland University
and a BA from Kent State University.
- John C. Pope will be Chairman of the Board of
Directors. Mr. Pope is the Chairman of PFI Group, LLC, a
private investment company and served as President and Chief
Operating Officer of UAL Corporation and United Airlines. He
has been Chairman of Waste Management, Inc. and MotivePower
Industries. Mr. Pope has served on many public and private
company boards including Con-Way, Inc., Moore Wallace Incorporated,
Kraft Foods Group, Inc., Dollar Thrifty Automotive Group, Inc. and
Navistar International Corporation. Mr. Pope has been a
director of RRD since 2004 and currently serves as its Chairman and
as a member of the Audit Committee.
Until the spinoff transactions are complete, the management
structure of RRD will remain in place. The spinoff
transactions are subject to certain conditions, including, among
others, obtaining final approval from the Board of Directors of
RRD, receipt of a favorable opinion and/or rulings from the
Internal Revenue Service with respect to the tax-free nature of the
transactions for U.S. federal income tax purposes and the
effectiveness of the Form 10 filings with the Securities and
Exchange Commission (SEC).
About RR DonnelleyRR Donnelley (Nasdaq:RRD)
helps organizations communicate more effectively by working to
create, manage, produce, distribute and process content on behalf
of our customers. The company assists customers in developing and
executing multichannel communication strategies that engage
audiences, reduce costs, drive revenues and increase compliance. RR
Donnelley’s innovative technologies enhance digital and print
communications to deliver integrated messages across multiple media
to highly targeted audiences at optimal times for clients in
virtually every private and public sector. Strategically located
operations provide local service and responsiveness while
leveraging the economic, geographic and technological advantages of
a global organization.
For more information, and for RR Donnelley's Global Social
Responsibility Report, visit the company's web site
at http://www.rrdonnelley.com.
Use of Forward-Looking StatementsThis news
release may contain "forward-looking statements" within the meaning
of Section 21E of the Securities Exchange Act of 1934, as amended,
and the U.S. Private Securities Litigation Reform Act of 1995.
Readers are cautioned not to place undue reliance on these
forward-looking statements and any such forward-looking statements
are qualified in their entirety by reference to the following
cautionary statements. All forward-looking statements speak only as
of the date of this news release and are based on current
expectations and involve a number of assumptions, risks and
uncertainties that could cause the actual results to differ
materially from such forward-looking statements. Readers are
strongly encouraged to read the full cautionary statements
contained in RR Donnelley's filings with the SEC. RR
Donnelley disclaims any obligation to update or revise any
forward-looking statements.
Media Contact: Phyllis Burgee, Director Communications: Tel: +1 630-322-6093 E-mail: phyllis.burgee@rrd.com
Investor Contact: Dave Gardella, Senior Vice President Finance: Tel: +1 312-326-8155 E-mail: david.a.gardella@rrd.com
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