RR Donnelley Announces Promotion of George Zengo to Group CFO
Press release from the issuing company
CHICAGO (August 05, 2008) R.R. Donnelley & Sons Company announced today that following the retirement of Troy Reed, George Zengo has been appointed Group Chief Financial Officer, and will assume responsibility for all finance functions for worldwide operations. In this role he will help direct capital investments, target acquisitions, evaluate customer business opportunities, establish pricing and scheduling policies, and identify new avenues for optimizing the operational financial performance of the company.
The company also announced that John Coyle has been promoted to fill Zengo's prior role as President, Catalog, Retail and Direct Services. Coyle will assume responsibility for RR Donnelley's catalog, retail inserts, direct mail, forms, labels and other direct selling functions.
"These appointments reflect RR Donnelley's strong management depth," said John Paloian, RR Donnelley's Chief Operating Officer. "We look forward to drawing on George Zengo's extensive sales and operations leadership experience as he assumes this pivotal role. His decisions are always informed by a deep understanding of our industry, of customers' needs and of our platform. Like George, John Coyle is an industry and RR Donnelley veteran. As Senior Vice President, Sales John has been a proven results-producer and a superb sales leader."
Paloian also stated that, "As the former head of finance for our operations, Troy Reed set the bar high and demonstrated superb industry acumen, as he built a strong team that is ready to continue the disciplined practices characteristic of RR Donnelley. We wish him the very best in his retirement."
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