Quad/Graphics Announces Executive Leadership Promotions

  Quad/Graphics Announces Executive Leadership Promotions

Business Wire

SUSSEX, Wis. -- 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 thecompany will ensure a smooth transition of his financial
responsibilities per our succession plan.”

David J. Honan has been promoted to Vice President & Chief Financial Officer,
responsible for overseeing accounting, finance, treasury, tax, risk and
investor relations for Quad/Graphics. Currently, Honan is the company’s Vice
President, Controller and Chief Accounting Officer. Prior to joining
Quad/Graphics, Honan worked as Vice President, General Manager and CFO for
Journal Community Publishing Group, a subsidiary of Milwaukee-based media
conglomerate Journal Communications. His other career experience includes Vice
President of Investor Relations for Newell Rubbermaid and Senior Audit Manager
at Arthur Andersen.

“Dave joined our company in 2009 as a seasoned business executive with vast
accounting, financial, investor relations and business development experience,
all of which has proved invaluable as we have evolved our organization,”
Quadracci said. “He is an extremely capable, effective leader who has been
instrumental in our successful integrations of Worldcolor and Vertis, and in
developing a high-performing finance and accounting organization. Dave has
worked directly with John Fowler across all of the CFO functions for more than
a year now and is well prepared to drive this critical area of our company.”

Thomas J. Frankowski has been promoted to Chief Operating Officer, responsible
for leading the company’s U.S. magazine, catalog, retail insert, book and
directory business units. Building on his current role as Executive Vice
President of Manufacturing Operations, Frankowski will continue to oversee
manufacturing and distribution operations while also taking on responsibility
for revenue-generation, cost management and overall profitability of these
business units. He also will work closely with the company’s other business
unit leaders in commercial and specialty, packaging, direct mail and media
solutions to ensure the company maintains appropriate focus on its clients’
business goals. Frankowski will remain President of Quad/Graphics Europe.

“During his 35-year career with Quad/Graphics, Tom has been central to
advancing our operations and revenue-generating solutions,” Quadracci said.
“Tom helped build Quad/Graphics’ industry-leading Imaging network – the
foundation for the company’s rapidly evolving Media Solutions business today.
Further, his print manufacturing roots, combined with his strong leadership,
strategy planning and execution skills, and extensive client relationships,
make him the ideal choice for our company’s Chief Operating Officer.”

David A. Blais has been named Executive Vice President of Global Procurement &
Platform Strategy. In this role he will be responsible for overseeing all
corporate purchasing functions worldwide, including paper and other
consumables. Additionally, he will direct the company’s efforts to maximize
the effectiveness and competitiveness of its total platform, especially as
Quad/Graphics pursues additional acquisitions. Currently, Blais is Executive
Vice President of Sales and Client Administration.

“Dave is uniquely suited for this new role,” said Quadracci. “With more than
30 years of company and industry experience, he has a comprehensive
understanding of the print-production process, from sales and customer service
through manufacturing operations and purchasing. For many years, he has had
executive oversight for our paper purchasing function, which he will logically
expand to include all types of procurement. As our chief platform strategist,
he will capitalize on the many strengths of our global platform to deliver the
most value to our clients in terms of quality, turnaround times and
cost-effectiveness. He will draw on his many years in sales, customer service,
marketing and operations to address the challenges that face our clients,
identifying opportunities to help them achieve their goals.”

Steven D. Jaeger has been promoted to an Executive Vice President of
Quad/Graphics, reflecting his substantial leadership role at the company.
Jaeger will continue in his role as President of Direct Marketing & Media
Solutions and Chief Information Officer. Previously with Andersen Consulting
(now Accenture), Jaeger has spent the last 20 years at Quad/Graphics building
a world-class business information systems infrastructure that has not only
streamlined internal communications and processes, but also has provided
industry-leading capabilities for clients such as workflow management and data
management.

“Steve is an outstanding, versatile business leader,” Quadracci said. “He is
quick to recognize and take advantage of opportunities that improve both
business operations and market-driven solutions, and we are fortunate to have
him join ranks with our other Executive Vice Presidents: John Fowler, Tom
Frankowski and Dave Blais.”

Kelly Vanderboom, Vice President & Treasurer, has expanded his
responsibilities to include executive responsibility for the company’s
logistics business as President 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.

Forward-Looking Statements

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.

About Quad/Graphics

Quad/Graphics (NYSE: QUAD), a leading global printer and media channel
integrator, is redefining print in today’s multichannel media world by helping
marketers and publishers capitalize on print’s ability to complement and
connect with other media channels. With consultative ideas, worldwide
capabilities, leading-edge technology and single-source simplicity,
Quad/Graphics has the resources and knowledge to help its clients maximize the
revenue they derive from their marketing spend through channel integration,
and minimize their total cost of production and distribution through a fully
integrated national distribution network. The Company provides a diverse range
of print solutions, media solutions and logistics services from multiple
locations throughout North America, Latin America and Europe.

Contact:

Investor Relations Contact:
Quad/Graphics
Kelly Vanderboom, 414-566-2464
Vice President & Treasurer
Kelly.Vanderboom@qg.com
or
Media Contact:
Quad/Graphics
Claire Ho, 414-566-2955
Director of Corporate Communications
Claire.Ho@qg.com
 
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