Reisch Exits Quebecor World
Reisch, formerly president of World Color Press, became a central figure when World Color and Quebecor announced its historic merger in late 1999. The company made headlines with the announcement of layoffs and plant closings as it struggled to eliminate duplication, but quickly landed on its feet.
“From a big-picture standpoint, this was clearly the largest, most complicated transaction in the history of the printing industry,” Reisch said in an April 2001 interview with Printing Impressions. “The good news: we accomplished it more quickly than anybody had anticipated. All the equipment that we took out of service and had to redeploy has come up well. Customer retention was virtually 100 percent, so the integration went as smoothly as we could have hoped.”
Under the new operating structure, Paloian will continue to manage the Magazine/Catalog group and will assume responsibility for the Commercial/Direct and Logistics groups. Boles will continue to lead the Retail and Sunday Magazine group, and will oversee Quebecor World’s premedia operations, Que-Net Media, the Directory group and the Book group.
“Both John and David have provided leadership in implementing the merger of Quebecor Printing and World Color Press, as well as our recent restructuring initiatives, giving them an intimate knowledge of our industry-leading North American platform,” Cavell says. “With these tasks now essentially complete, John and David are the ideal team to take this platform to the next level. I look forward to working closely with them to create new value for our shareholders, customers and employees.”