New Executives--Leading by Example
W. ED. TYLER, PRESIDENT/CEO
MOORE CORP., LAKE FOREST, IL
Although Ed Tyler took over the reins of Moore Corp. this past April, his history in the printing industry began 24 years ago in the bindery department at R.R. Donnelley & Sons. After working his way into various senior level management positions, Tyler is convinced this experience has fully prepared him for the challenges that lie ahead with the business forms powerhouse.
"I believe this is a great opportunity," stresses Tyler. "Moore is an industry leader with a history dating back more than 100 years. It has a great heritage, very solid financial and technical strengths, a strong and diverse customer base, and employees who are both loyal and committed to Moore's future."
Within months of taking over the helm, Moore announced, in July, a comprehensive restructuring plan to increase the company's competitive position in the North American forms and labels business. Tyler, responsible for drafting the restructuring program, saw it as a necessity to return Moore back to profitability. Recent third quarter results indicated a sales increase of 7 percent for the first nine months of 1998 over the same period in 1997.
Four key elements of the restructuring plan include: non-strategic asset elimination, manufacturing rationalization, organizational integration and enhancing the profitability in growth businesses.
Included in the plan, six U.S. manufacturing plants are scheduled to be closed by the end of 1999, and Moore's overall global headcount of 20,000 employees is to be reduced by 4,800 upon the program's completion.
As Tyler explains, "Our company requires a leader focused on the future, leading it toward change and growth. The restructuring program is the first step in the revitalization of Moore and in providing the platform for future growth. We intend to re-establish our leadership in the dynamic $11 billion U.S. forms and labels market."