Angelson Takes Over Recovering World Color
MONTREAL—Mark Angelson, whose illustrious executive career has carried him from leading posts at Big Flower (Vertis) and Moore Corp. to RR Donnelley, and boasts one of the leading M&A portfolios in the history of the printing industry, now finds himself in perhaps the biggest challenge of his career.
Angelson, 58, is now at the helm of World Color Press, formerly Quebecor World (and formerly Quebecor and World Color), as it attempts to re-establish itself after emerging from bankruptcy protection. The company said that incumbent CEO Jacques Mallette will leave the company to pursue outside business interests. This move comes on the heels of the announcement that Jeremy Roberts, chief financial officer, would be stepping down effective Oct. 5.
“I am honored to be asked to lead a company with such deeply talented and dedicated employees as we begin a new chapter in our storied, century-long existence,” Angelson said in a release. “My first priority will be working with our sales force to further strengthen our customer base. I will simultaneously lead an assessment of our operations and management and make recommendations to the board with a view to optimizing our business in the current challenging economic environment."
“The excellent employees of World Color have performed admirably during extraordinarily challenging times. I look forward to working closely with them to build upon the promise of a fresh start and restore World Color’s position as the preeminent provider of print, digital and related services for the benefit of all our stakeholders.”