Seven weeks to the day after emerging from bankruptcy protection and officially changing the name of the company from Quebecor World to World Color Press, the largest Canadian-based commercial printing company now has a new CEO, as Mark Angelson (former CEO of RR Donnelley and current Chairman of the Board for World Color) replaces Jacques Mallette to run the day-to-day operations of the business. According to the company release, Mallette is leaving to pursue outside business interests.
Angelson, 58 (pictured), has led major printing companies and played an integral role in large-scale printing industry mergers. He became CEO of Moore Corp. in 2003 (replacing Robert Burton, current CEO of Cenveo) and drove the acquisition of Wallace Computer Services in May of that year.
He also directed the merger between RR Donnelley and Moore Wallace, leading the combined company as CEO of Donnelley from 2004 through 2007. Earlier this year it was announced that he would replace Brian Mulroney as Chairman of the Board of the restructured Quebecor World.
"I am honored to be asked to lead a company with such deeply talented and dedicated employees as we begin a new chapter in our storied, century-long existence," notes Angelson, who will maintain an office at the company’s Montreal headquarters.
"While well versed in the industry, I am new to the company. My first priority will be working with our sales force to further strengthen our customer base. I will simultaneously lead an assessment of our operations and management and make recommendations to the Board with a view to optimizing our business in the current challenging economic environment," adds Angelson in the company release.
“I intend, together with our talented employees, to move World Color forward with a new sense of urgency. We will do strategic planning by listening to customers and meeting their needs. We will foster a work environment that values integrity and safety, demands excellence and accountability, recognizes performance, and relentlessly focuses on costs and cash. We will seek to enhance productivity, reduce waste and turnaround times, maintain the most advanced technology and ensure the highest quality products and services for our customers.”
Mallette (pictured above), formerly CFO of Quebecor Inc., was elevated to the position of CEO at Quebecor World in December 2007, a month before the company sought creditor protection in Canada and the U.S. He remained in the CEO position through the court-approved restructuring and following the transition to the new World Color.
