2005 Market outlook year in review -- Cheers to 2004
New York City-based Bowne & Co. announced the retirement of Robert Johnson from the company and its board of directors for personal reasons. Johnson had been serving as chairman, president and CEO. The board appointed H. Marshall Schwarz, formerly chairman of the executive committee, to serve as non-executive chairman of the board. Philip Kucera, formerly senior vice president and general counsel, assumed the role of interim CEO, while David Shea was named president.
Heidelberg veteran Niels Winther stepped down as president of U.S. operations, and was replaced by James Dunn, former CFO of Heidelberg Web Systems. Also, Marcel Kiessling took the helm as president of Heidelberg Americas.
On a serious note, the long, strange saga surrounding the death of former Moore Corp. executive Ted Ammon took another turn with the indictment of Daniel Pelosi—an electrician who married Ammon's widow shortly after his death. The trial is ongoing as of presstime.
Drupa Year Causes Stir
A lot of attention was focused on trade shows, especially Drupa, held in May in Dusseldorf, Germany. It filled 17 halls, featured 1,860 exhibitors and drew more than 394,000 visitors. Although most North American printers opted to wait until October to see the newest equipment upgrades at Graph Expo & Converting Expo in Chicago, those who made the trek to Europe came with checkbooks in-hand.
Most notably, Quad/Graphics committed to $150 million worth of presses, including eight Heidelberg Sunday 3000/32 double-web presses and two MAN Roland Lithoman double-web presses. The company did not neglect its bindery at the show, signing on for nine Heidelberg finishing systems valued at $50 million.
The aforementioned Graph Expo show was also deemed a big success, with vendors reporting heavy traffic and strong leads and sales. Nearly 40,000 attendees traveled to Chicago for the show—an increase from 2003.
During Graph Expo, the 2004 class of the Printing Impressions/ RIT Printing Industry Hall of Fame was inducted. This year's honorees included Charles "Tuck" Krehbiel, CJK: Print Possibilities; Peter McLean, Continental Web Press; John Bell, The Ovid Bell Press; and George Stephenson, Stephenson Printing.