Moore Corporation Names Former World Color Press Chairman as CEO
Press release from the issuing company
TORONTO, ON - Moore Corporation Limited (TSE, NYSE: MCL) announced today that Robert G. Burton has been appointed President and Chief Executive Officer. Burton, former Chairman and CEO of World Color Press, is also an investor in Chancery Lane/GSC Investors, L.P., a private equity vehicle led by Theodore Ammon and GSC Partners, a private investment firm, which today completed its previously announced strategic investment in Moore. Ammon, Burton and Alfred C. Eckert III, Chairman and CEO of GSC Partners, were appointed to the Moore Board of Directors today along with Newton N. Minow and John W. Stevens.
Burton, who is known for his intense focus on increasing shareholder value and customer focus is very familiar with Moore Corporation and is keenly aware of many of the changes that need to occur to ensure the success of the company for investors, customers and employees.
Burton’s prior experience includes leading former Kohlberg, Kravis & Roberts portfolio company World Color where he was Chairman, President and Chief Executive Officer of the NYSE listed company (WRC). During his nine-year tenure at World Color, Burton led the dramatic turnaround of the company culminating in the merger of the company in the fall of 1999 with Quebecor Printing (NYSE:PRW). That merger resulted in the formation of the world’s largest and most profitable printing company.
Prior to leading World Color, Burton held a series of senior executive positions at Capital Cities-ABC, including President of ABC Publishing as well as senior executive positions at CBS and IBM.
In addition to his emphasis on customers, Burton is intensely committed to and experienced at increasing shareholder value, delivering EPS growth, improving margins and creating operational synergies. Burton is expected to immediately set new performance standards at Moore Corporation Limited.
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