NEENAH, WI—Stephanie Streeter, the previous chairman, president and CEO of the former Banta Corp., has been named interim head of the U.S. Olympic Committee. A former basketball player during her days at Stanford University, the 51-year-old Streeter will have her hands full. The USOC is in need of multimillion-dollar budget cuts and staff reductions. She will also be helping the Chicago contingent prepare and try to win its bid to host the 2016 Games.
BITS AND PIECES EVEN THE greatest, most legendary sports coaches have suffered a loss in the big game. Bob Burton endured one on Halloween day, when his $50 a share offer was trumped by RR Donnelley (RRD), which cruised past the Cenveo commander with a $52.50-per-share bid that Stephanie Streeter was all too happy to see. We’ve all heard the adage that perception is reality; it’s been noted here (a.k.a. “Before You Go...” column) previously. Burton represents, in many minds, printing industry carpetbagging. He preys on the wounded animals, uses gimmicks to artificially stimulate their stock price, cuts production ranks razor thin to
MENASHA, WI—With its shares languishing at a two-year low and profits down 52 percent in the second quarter, Banta Corp. announced it was reorganizing its print sector in order to cut costs and provide long-term stability. Second quarter earnings plummeted from $33.8 million in the second quarter of 2005 to $16.1 million in 2006. The sale of its health care business fueled its 2005 performance. Stephanie Streeter, chairman, president and CEO of Banta, said the company was reorganizing its five print divisions into two divisions, thus eliminating management infrastructure while reducing general and administrative costs. Its book, publications and consumer catalog divisions will now be called
To paraphrase a quote from legendary Green Bay Packers head football coach Vince Lombardi, Stephanie Streeter is not remotely interested in being "just good." The commercial printing industry's most powerful woman is adhering to the philosophy that while perfection may be out of reach for her company, Banta Corp., the relentless pursuit of it will produce an enterprise that can attain its personal best. FROM THE LEFT: Dave Engelkemeyer, VP, worldwide operations; Dennis Meyer, VP, marketing and planning; Geoff Hibner, CFO; Stephanie Streeter, chairman, president and CEO; Mike Allen, president, printing services sector; Frank Rudolph, VP, human resources; Sara Armbruster, director of business development;
Paloian Rejoins Donnelley Group CHICAGO—John R. Paloian, who spent 11 years at RR Donnelley before moving on to Quebecor World, is rejoining the Windy City printer as group president, publishing and retail services. He is now responsible for the company's magazine, catalog, retail advertising insert and directory business. Paloian, who was co-COO at the time of his departure from Quebecor World, previously served as president of the magazine/catalog business. Banta Names Streeter Chairman MENASHA, WI—Banta Corp. announced that Stephanie Streeter, president and CEO, has also assumed the role of chairman of the board of directors. Streeter replaced Donald D. Belcher, who retired after holding the position for
by chris bauer Managing Editor It's no secret that the commercial printing industry has traditionally been a male-dominated field. For generations, printing companies have been handed down from father to son; pressrooms filled with "pressmen." Women running presses were seen as a novelty; a female in the company boardroom was a rarity. Well, times have changed. Women are taking a larger role in the graphic arts industry. It is no longer a shock to find a female's name in the top spot of a printing organization (for example, Stephanie Streeter at Banta Corp.). Walk around an industry trade show and you will see women