Amundson Appointed President and CEO of Brown Printing; Petersen to Retire
HAMBURG, GERMANY—Jan. 2, 2012—Mike Amundson, currently CFO and executive vice president of the Catalog Market Segment at Brown Printing, has been appointed president and CEO. Volker Petersen, current president and CEO of Brown, will retire as planned on June 30, 2013, after devoting the next few months to a smooth business transition.
“We appreciate the strong leadership Volker Petersen has provided to Brown’s business and wish him success as he pursues new challenges,” said Achim Twardy, CFO at Gruner + Jahr (G+J). “Volker has excelled throughout his 24 years with G&J and we thank him very much for all his contributions.
“Mike Amundson’s appointment to lead Brown will ensure continued success at the high level Brown has consistently achieved over its 35 years as a division of G+J and its 55 year history overall,” continued Twardy.
“I am excited about this opportunity to build on the success Brown has enjoyed under Volker’s leadership,” added Amundson. “I have worked closely with Volker and his staff as CFO and EVP of the Catalog Market and look forward to continuing my work with the Brown team as we deliver first class service to our customers.”
“I am extremely proud of being a part of our industry leading investment strategy that has created the most modern, efficient, and state-of-the-art platform in the industry,” Petersen stated. “The leadership team and employees of Brown continue to deliver the quality workmanship and service our clients have come to expect while sustaining strong business results in a challenging market.”
Amundson started with Brown in 2005 as CFO. Prior to joining Brown, he was the chief operating officer of The Hadley Companies and a partner at Coopers & Lybrand. Amundson and his wife Cindi will continue to be based at Brown’s headquarters in Waseca, MN.
Brown Printing is a nationally recognized, high quality, high volume printer serving America’s premier magazine publishers and catalogers. Brown is the third largest printer of consumer and special interest publications and catalogs in the country. Founded in 1957, Brown is a long-term industry leader printing more than 700 magazines and catalogs with annual sales over $400 million and 2,000 employees. A Bertelsmann/Gruner + Jahr company, Brown operates three state-of-the-art manufacturing facilities located across the United States.