Quad Acquires UniGraphic, Promotes Executives
In other company news, Quad/Graphics announced several executive-level promotions to support its strategic business initiatives. The promotions are effective March 1. They are:
• John Fowler has been promoted to vice chairman and executive vice president, responsible for global strategic planning and business development. He will continue to be intimately involved in day-to-day operations, but with a concentrated focus on overall business strategy and investment opportunities that will drive the company’s long-term success.
• David Honan has been promoted to vice president and CFO, responsible for overseeing accounting, finance, treasury, tax, risk and investor relations for Quad/Graphics. Currently, Honan is the company's vice president, controller and chief accounting officer.
• Thomas Frankowski has been promoted to COO, responsible for leading the company's U.S. magazine, catalog, retail insert, book and directory business units. Building on his current role as executive vice president of manufacturing operations, Frankowski will continue to oversee manufacturing and distribution operations while also taking on responsibility for revenue-generation, cost management and overall profitability of these business units. He also remains president of Quad/Graphics Europe.
• David Blais has been named executive vice president of Global Procurement & Platform Strategy. In this role he will be responsible for overseeing all corporate purchasing functions worldwide, including paper and other consumables. Additionally, he will direct the company’s efforts to maximize the effectiveness and competitiveness of its total platform, especially as Quad/Graphics pursues additional acquisitions.
• Steven Jaeger has been promoted to an executive vice president of Quad/Graphics, reflecting his substantial leadership role at the company. Jaeger will continue in his role as president of Direct Marketing & Media Solutions and chief information officer.
• Kelly Vanderboom, vice president and treasurer, has expanded his responsibilities to include executive responsibility for the company’s logistics business as president of Logistics. In this role, Vanderboom succeeds David Riebe, who has announced his retirement from the company after 29 years of service. Riebe will remain with the company through December 2014 to ensure a seamless transition of responsibilities.