ENGLEWOOD, Colo. (Jan. 25, 2001)—Mail-Well (NYSE: MWL) announced today that Gerald Mahoney is retiring as chairman, chief executive officer (CEO) and a director of the company, effective January 31. The company's Board of Directors has promoted Paul Reilly from the position of president and chief operating officer (COO), to the post of president and CEO. He is also a director. Tom Stephens, a director of the company's board, was elected Chairman of the Board. Reilly joined the company in June 1995, before Mail-Well became a publicly traded company in September 1995. Reilly has been a director, president and COO since 1998. Prior to that he served as senior vice president for finance, and chief financial officer (CFO). Before joining the company he held a wide range of senior corporate positions for Polychrome Corporation, a prepress supplier to the printing industry, and worked in investment banking and marketing. He is a Certified Public Accountant. Mahoney was a director of Mail-Well, Chairman of the Board and CEO since early 1994. He was Chairman of the Board, president and CEO of Pavey Envelope and Tag Corporation from 1991 until it became a subsidiary of Mail-Well. "Under Jerry Mahoney's leadership, Mail-Well has established a strong record of growth since becoming a public company five years ago," said Frank Hevrdejs, a director and one of the company's original investors. "We are grateful for his contributions to the company and the guidance he has provided. Mail-Well today is a leader in the printing, envelope, label and direct-mail businesses, and the team Jerry built is well positioned to continue to drive the success of our company."