Quebecor World Exits Bankruptcy ProtectionAugust 2009
Once RRD folded its hand, the U.S. government appeared to be the biggest stumbling block toward court approval. Uncle Sam claimed the restructuring plan allowed the printer to skirt $10 million in unpaid corporate taxes and another $150 million in fines stemming from environmental violations.
Ironically, the man responsible for spearheading much of Donnelley’s M&A growth, will be contributing toward the rebirth of the former Quebecor World. Ex-RRD CEO Mark Angelson is the new chairman and will be joined by a number of prominent printing and publishing figures: Tom Ryder, former chairman and CEO of Reader’s Digest; Jack Kliger, past president and CEO of Hachette Filipacchi; and Michael Allen. Mallette is expected to be the only returning board member.