Press Release: Quad Announces Executive Leadership Promotions
SUSSEX, WI, February 4, 2014 - Quad/Graphics, Inc. (NYSE: QUAD) ("Quad/Graphics" or the "Company"), a global printer and media channel integrator, announces several executive-level promotions to support its strategic business initiatives. The promotions are effective March 1, 2014.
"Over the last few years Quad/Graphics has become a significantly larger and more complex company, offering more solutions to marketers and publishers than ever before," said Joel Quadracci, Quad/Graphics Chairman, President & CEO. "These executive leadership promotions reflect Quad/Graphics' ability to groom versatile talent capable of successfully propelling our company forward in an ever-changing industry. I am enthusiastic about our future and with this exceptionally strong leadership team we will continue our focus on maintaining a strong and flexible balance sheet, investing in our business, pursuing profitable investment opportunities, and creating long-term value for our shareholders and clients."
John C. Fowler has been promoted to Vice Chairman & 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. Fowler, currently Executive Vice President and CFO, has been the company's top financial officer since joining the company in 1980. Fowler's transition from his CFO duties is part of a long-planned succession strategy by the company.
"John has been instrumental in Quad/Graphics' growth from our earliest years, helping transform Quad/Graphics from a small, privately held startup into a global, publicly traded industry leader," Quadracci said. "His promotion to Vice Chairman and Executive Vice President recognizes the vital role he has played -- and will continue to play -- in strengthening our industry-leading position, both domestically and abroad. Further, his ongoing leadership role at the company will ensure a smooth transition of his financial responsibilities per our succession plan."