Cadmus Communications Announces Executive Appointments, New CFO
Friday, January 24, 2003
RICHMOND, Va., Jan. 23 - Cadmus Communications Corporation today announced the formation of the Publisher Services Group and the appointment of executive leaders. Stephen E. Hare, formerly the executive vice president and chief financial officer, has been promoted to president of the Publisher Services Group. This group consists of the Company's scientific, technical and medical ("STM") services, special interest magazines and professional books and directories businesses, and represents approximately 90% of the Company's revenues. Bruce V. Thomas, president and chief executive officer, stated, "The Publisher Services Group will permit us to further focus on multi-market sales efforts, implement large outsourcing opportunities, and improve our procurement and logistics programs. Steve has already had an impact on this group and will continue to drive initiatives to improve growth and profitability." In addition, Paul K. Suijk has joined the Company as senior vice president and chief financial officer. Mr. Suijk, most recently senior vice president and chief financial officer of Comdial Corporation, has over 20 years of experience in corporate finance, treasury, international business development and multinational operations. Prior to joining Comdial in 2000, Mr. Suijk served as senior vice president and corporate treasurer with Danka Business Systems, PLC from 1997 to 1999. He was with James River Corporation from 1987 to 1997 holding senior level financial positions. He received both his bachelor's degree in business administration and his master's degree in business administration from George Washington University. Mr. Thomas commented, "Paul is a great addition to Cadmus as we continue to build a strong, talented management team that will make significant contributions to our growth and profitability. Paul's experience will be valuable as we look to expand our worldwide presence, pursue international sales and expansion opportunities, and further leverage our global content processing capabilities."