George Babich, Jr. Elected President and Chief Executive Officer of Checkpoint Systems, Inc.

  George Babich, Jr. Elected President and Chief Executive Officer of
  Checkpoint Systems, Inc.

Business Wire

THOROFARE, N.J. -- February 4, 2013

Checkpoint Systems, Inc. (NYSE: CKP) announced today that the Company’s Board
of Directors elected George Babich, Jr. to the position of President and Chief
Executive Officer, effective immediately. Mr. Babich, age 60, served as
interim President and Chief Executive Officer of Checkpoint since May 2012.

Mr. Babich has been a member of Checkpoint’s Board of Directors since 2006 and
will continue to serve as a director. He is a respected business leader with
more than 30 years of financial, business operations, and strategic planning
experience in the retail, consumer products, manufacturing, and service
sectors. From 2004 to 2005, he was President of Pep Boys— Manny, Moe& Jack,
and Chief Financial Officer and President from 2002 to 2004. His experience
also includes senior financial management positions at Pepsico Inc., Ford
Motor Company, and The Franklin Mint. He is a member of the Board of Directors
of Teleflex Incorporated (NYSE: TFX).

Bill Antle, Chairman of the Board of Checkpoint, said, “I am delighted that
George has agreed to remain in a permanent capacity as President and Chief
Executive Officer. When he stepped into the interim role last May, George
faced a difficult set of circumstances with persistent economic uncertainty,
volatile retail markets and internal problems weighing heavily on Checkpoint’s
performance. Since that time, much has been accomplished. Checkpoint’s
strategic direction has been redefined, its organization right-sized to match
present economic conditions, and a rigorous series of programs put in place to
cut costs and improve performance. Throughout the past nine months, George’s
turnaround experience and astute leadership were invaluable.”

During Mr. Babich’s interim leadership, Checkpoint adjusted its business
strategy, broadening its value proposition as a shrink management company to
be a provider of inventory management solutions that give retailers insight
into the availability of merchandise in their stores. In conjunction with this
strategic shift, the Company identified a set of sweeping measures to
right-size its global operations, cut costs, reduce working capital and
increase revenue. Project LEAN, a new plan designed to quickly improve
profitability, was launched in the second quarter of 2012. The plan is
expected to generate annual savings of $35 million in 2013 in addition to $67
million in savings from the Company’s previously disclosed SG&A Restructuring
Plan while positioning the company for sustained revenue growth.

Mr. Babich commented, “I welcome this permanent appointment to serve as
Checkpoint’s President and CEO and I am excited to continue the transformation
we began in May. Since the day I began in my interim role, I was impressed by
the collective efforts of all our employees who are helping to build a strong,
thriving and profitable business. Their hard work and commitment is inspiring
and I look forward to a bright future for Checkpoint.”

Mr. Antle concluded, “The Board agreed that George is the right leader for the
job. From the onset, he began to articulate to employees that important
changes were needed to deliver acceptable, sustainable growth for the
Company’s shareholders. Today, George and his senior leadership team are
moving forward with an intense focus to deliver the kind of results
shareholders expect and deserve.”

Checkpoint Systems, Inc.

Checkpoint Systems is a global leader in shrink management, merchandise
visibility and apparel labeling solutions. Checkpoint enables retailers and
their suppliers to reduce shrink, improve shelf availability and leverage
real-time data to achieve operational excellence. Checkpoint solutions are
built upon more than 40 years of RF technology expertise, diverse shrink
management offerings, a broad portfolio of apparel labeling solutions,
market-leading RFID applications, innovative high-theft solutions and its
Web-based Check-Net^® data management platform. As a result, Checkpoint
customers enjoy increased sales and profits by improving supply-chain
efficiencies, by facilitating on-demand label printing and by providing a
secure open-merchandising environment enhancing the consumer’s shopping
experience. For more information, visit


Checkpoint Systems, Inc.
Annette Geraghty, 856-251-2174
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