Press Release: Quad Announces Executive Leadership Promotions
Kelly Vanderboom, Vice President & Treasurer, has expanded his responsibilities to include executive responsibility for the company's logistics business asPresident of Logistics. In this role, Vanderboom succeeds David K. Riebe, who has announced his retirement from the company after 29 years of service. Riebe will remain with the company through December 2014 to ensure a seamless transition of responsibilities.
"I want to thank Dave as Kelly steps in to lead a very talented team of logistics experts," Quadracci said. "Kelly's past experience includes Controller for Parcel Direct, the package consolidating business we sold to FedEx in 2004. This experience, along with his superior financial and business acumen, will serve him well as he leads our logistics business's continued growth."
Anthony C. Staniak has expanded his responsibilities as Executive Director -- Financial Controller to include Chief Accounting Officer. In this role, Tony is responsible for overseeing Quad/Graphics' public financial filings with the SEC and executing the Sarbanes-Oxley process.
"In the four years Tony has been with us, we've tapped him to fill a variety of critical roles, including helping prepare the company's launch on the NYSE, building our SEC reporting function and overseeing our internal audit department," Quadracci said. "He's proved to be a valuable leader, creating stability within his functions during periods of immense change for the company. He is well-suited to direct Quad/Graphics' compliance functions based on the depth of experience he has gained while serving in those roles."
Executive Biographies and Photos Available at:www.qg.com/media/exec.
This press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding, among other things, our current expectations about the Company's future results, financial condition, goals, strategies, revenue, earnings, free cash flow, margins, prospects and/or outlook and are indicated by words or phrases such as "anticipate," "estimate," "expect," "project," "believe," and similar words or phrases. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results to be materially different from those expressed in or implied by such forward-looking statements. Forward-looking statements are based largely on Quad/Graphics' expectations and judgments and are subject to a number of risks and uncertainties, many of which are unforeseeable and beyond our control. The factors that could cause actual results to materially differ include, among others, the risks identified in Quad/Graphics' most recent Annual Report on Form 10-K, as such may be amended or supplemented by subsequent Quarterly Reports on Form 10-Q or other reports filed with the Securities and Exchange Commission. Except as required by the federal securities laws, Quad/Graphics undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.