| [April 30, 2012] |
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Standard Register Elects New Officer
DAYTON, Ohio --(Business Wire)--
Standard Register (NYSE: SR), a leader in management and execution of
mission-critical communications, announced that William "Bill" Lee has
been appointed as an officer of the company by its board of directors.
Lee joined the company in 2011 as president of its Financial Services
business unit based in New York City, NY. Standard Register announced at
its annual meeting of shareholders last week that its four business
units will be consolidated into two: Standard Register Business
Solutions and Standard Register Healthcare. Lee will serve as president
of Standard Register Business Solutions, which integrates the former
Financial Services, Commercial Markets and Industrial business units.
Brad Cates will continue as president of Standard Register Healthcare.
"Bill is a valuable member of our team, with his deep experience and
leadership skills," said Joseph P. Morgan, Jr., president and chief
executive officer of Standard Register. "He is the right person to lead
the new Standard Register Business Solutions, which will align our most
skilled resources with our best opportunities and execute on a marketing
strategy leveraging our technology-oriented Core growth solutions across
vertical markets."
"We are finding that our Core technology-oriented solutions are driving
sales across all the markets we serve," Lee said. "Standard Register
Business Solutions will provide innovations in critical communications,
marketing communications, on-demand publishing and product marketing and
labeling through our platform of traditional printing, digital color,
personalization options and digital media, including our new tablet
applications."
Lee joined Standard Register after 11 years at Bowne & Company before it
was acquired by R.R. Donnelly (RRD). He co-led the integration team for
the legacy Bowne and RRD capital markets business. In his last role at
Bowne, Lee was president of capital markets and compliance, leading
Bowne's most profitable business unit with $400 million in sales and
double-digit growth in revenue and profitability. Prior to his role as
president, Lee served as managing director for Bowne's Europe and the
Middle East markets. Lee earned a Bachelor of Science in business
management from Fairfield University in Connecticut. In his new position
with Standard Register, he will continue to divide his time between New
York and Standard Register's Dayton, Ohio headquarters.
About Standard Register
Standard Register (NYSE:SR) is trusted by the world's leading companies
to advance their reputations by aligning communications with corporate
standards and priorities. Providing market-specific insights and a
compelling portfolio of solutions to address the changing business
landscape in healthcare, financial services, commercial and industrial
markets, Standard Register is the recognized leader in the management
and execution of mission-critical communications. More information is
available at http://www.standardregister.com.
Safe Harbor Statement
This report includes forward-looking statements covered by the Private
Securities Litigation Reform Act of 1995. Because such statements deal
with future events, they are subject to various risks and uncertainties
and actual results for fiscal year 2012 and beyond could differ
materially from the Company's current expectations. Forward-looking
statements are identified by words such as "anticipates," "projects,"
"expects," "plans," "intends," "believes," "estimates," "targets," and
other similar expressions that indicate trends and future events.
Factors that could cause the Company's results to differ materially from
those expressed in forward-looking statements include, without
limitation, our access to capital for expanding in Core solutions, the
pace at which digital technologies erode the demand for certain legacy
products, the success of our plans to deal with the threats and
opportunities brought by digital technology, results of cost containment
strategies and restructuring programs, our ability to attract and retain
key personnel, variation in demand and acceptance of the Company's
products and services, frequency, magnitude and timing of paper and
other raw material price changes, the timing of the completion and
integration of acquisitions, general business and economic conditions
beyond the Company's control, and the consequences of competitive
factors in the marketplace including the ability to attract and retain
customers. The Company undertakes no obligation to revise or update
forward-looking statements as a result of new information, since these
statements may no longer be accurate or timely.

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