STAMFORD, CT – (July 9, 2008) – Robert G. Burton, Chairman and Chief Executive Officer of Cenveo, Inc. announced several appointments designed to add leadership and depth to the Company's field organization.
Mr. Burton announced the promotion of Dean E. Cherry to the position of Group President of the Company's Envelope, Commercial Print and Packaging Operations. In this role, Mr. Cherry will be responsible for the day-to-day operations of these businesses which currently comprise of over one and one half billion dollars in annual revenue.
Mr. Burton also announced the following appointments; Andy Jobs as Senior Vice President, Chief Financial Officer of the Cenveo's Envelope, Commercial Print and Packaging Operations; Ray Hartman as Senior Vice President, Manufacturing and Technology; Tony Paul as Senior Vice President, Cenveo East; Steve Kouroupas, Senior Vice President, Cenveo Central; Cappy Childs as Senior Vice President, Cenveo West; and Alex Vazquez as Senior Vice President, National Sales.
Robert G. Burton, Cenveo's Chairman and Chief Executive Officer, stated:
"In a very short period of time, Dean and his team have done an outstanding job in improving the operations of our Envelope businesses, and I have now given him the additional responsibilities of managing and integrating our Commercial Print and Packaging businesses into our platform as we continue to look to drive additional efficiencies and cost savings. I am confident that he and his team of outstanding executives will continue to deliver the record results that we expect of them. We have now recruited over 100 people who have worked directly with us previously at related industry companies.
These appointments continue to give me confidence in Cenveo's short and long term prospects. As I stated earlier this week, I remain comfortable with the previously communicated guidance of $64 million of adjusted EBITDA for the second quarter and I remain committed to our 2008 full year targets of $300 million in adjusted EBITDA and $130 million in free cash flow."
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