Robert J. Cronin

Lisle, IL—Wallace Computer Services has begun a review of operations following lower-than-expected earnings for the most recent quarter and the resignation of its CEO. Officials believe the drop in earnings are due to continuing softness in the high-quality color marketing and promotional printing market, as well as issues relating to the 1998 acquisition of Graphic Industries. Wallace officials are in the process of developing an action plan that could result in a restructuring to deal with under-performing assets and rationalization of certain product lines. The move follows the resignation of Chairman and CEO Robert J. Cronin, 55. Board member Neele E. Stearns Jr. was

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