Well, it’s official. As reported on the business wire earlier today, RR Donnelley (RRD) has split into three separate, publicly held companies. First revealed in August 2015, the breakup of the $11.7 billion conglomerate follows the latest corporate trend of “maximizing shareholder value” by creating more focused companies; in theory, the parts are more valuable than the whole. Similar moves, partly driven by activist investors, are in process at Xerox and already occurred at HP.
Thomas Quinlan III
CHICAGO—In light of the official merger with Moore Wallace that has created the largest commercial printing operation in North America, RR Donnelley has announced an initial round of managerial appointments. Among the managers are Suzanne Bettman, senior vice president and general counsel; Thomas Brooker, group president, forms, labels and office products; Dean Cherry, group president, short-run and variable print solutions; Susan Henricks, president of directories; Daniel Knotts, group executive vice president, long-run print solutions; Michael Krause, executive vice president of strategy; Ed Lane, president, book publishing services; Robert Nelson, president, corporate sales; and Thomas Quinlan III, executive vice president of operations. Mary Lee Schneider remains
MISSISSAUGA, ON—Robert G. Burton has stepped down as Moore Corp. chairman, president and CEO. When Burton joined the company in 2000, Moore was in financial disarray. He is widely credited with rejuvenating the ailing company. Burton will remain a senior advisor to the company. Meanwhile, Mark Angelson has been tapped to be the new CEO. Previously, he served as the company's non-executive chairman and lead independent director. Angelson was deputy chairman of Big Flower Press Holdings, now known as Vertis. Alfred Eckert III has been named to the position of chairman of the board. Eckert, chairman and CEO of GSC Partners, has been