Hall of Fame--Gillispie - A Survivor
To the Rescue
He moved on to the operational responsibility for the pressroom and bindery. Gillispie spent a year in charge of litho prep and was then asked to restore the company's flagging composition operations.
"This was almost at the beginning of the cold type revolution," Gillispie recalls, "and I had the good fortune to be part of speccing and installing what was to become the composition system of the future for Cadmus—the Xyvision system."
Gillispie believes "a little luck" was involved in rising to the ranks of president at the William Byrd Press, then later CEO for Cadmus. As the president of Byrd, Gillispie formed a solid professional relationship with Wally Stettinius, Cadmus' former chairman and CEO.
"There was a substantial, mutual respect between us and the working relationship was very effective," Gillispie points out. "I think every career is part preparation and part luck. Certainly, the opportunity to have substantial responsibility in virtually every area of the printing operation was great preparation."
It was more than a little luck that allowed Gillispie to make a name for himself at Cadmus. According to Stettinius, Gillispie played a pivotal role in Cadmus' growth in the scientific, medical and technical journal segment of the industry. One move that catapulted the company's stature was this year's acquisition of The Mack Printing Group, a leader in journals, magazines and periodicals. Previous acquisitions of Waverly Press and Lancaster Press enabled Cadmus to gain a sizeable chunk of the market share.
"He's helped generate $250 million to $300 million in a market that's around $600 to $700 million," Stettinius points out. "He has had a very broad view of what kind of technology and business position it takes to survive in these times."
Another industry figure who has worked closely with Gillispie on certain projects is Ted Hutton, CEO of Lippincott, Williams and Wilkens. Hutton worked with him on the Waverly Press deal and found Gillispie to be a no-nonsense professional.