Long-time Directors William Abraham and Thomas Ryder Retire From Board
SUSSEX, Wis. - Quad/Graphics, Inc. (NYSE: QUAD) (“Quad/Graphics,” “Quad” or the “Company”), a global marketing services provider, announced today that Jay Rothman, Chairman and Chief Executive Officer of Foley & Lardner LLP, has been appointed to Quad/Graphics’ board of directors. Concurrently, long-time directors William Abraham, a retired Partner from Foley & Lardner LLP, and Thomas Ryder, retired Chairman & CEO of Reader’s Digest Association, Inc., are retiring from Quad/Graphics’ board of directors, effective today.
“I am exceptionally pleased to welcome Jay to Quad/Graphics’ board of directors,” said Joel Quadracci, Chairman, President & CEO of Quad/Graphics. “He has been a valued strategic advisor to Quad/Graphics for many years and I know he will bring a wealth of knowledge, experience and forethought to our board. Jay’s experience will be particularly helpful as we continue to redefine our company as a marketing services provider who helps clients market more efficiently and effectively using our strong print foundation in combination with other media channels.”
Rothman’s practice areas include Corporate Governance, Securities and Corporate Finance, Mergers and Acquisitions, and Transactional and Securities. He is a member of Foley & Lardner’s Management Committee, Transactional and Securities Practice, and Energy Industry Team. Rothman regularly counsels publicly-held companies on compliance matters under federal and state securities laws, and is a frequent speaker on SEC compliance and corporate disclosure and governance matters.
“I look forward to strengthening my role in this dynamic company, which is committed to creating a better way for its employees, clients and shareholders,” Rothman said. “Quad/Graphics continues to imaginatively transform itself in today’s multichannel world, and I am eager to be part of its success story for many years to come.”
William Abraham and Thomas Ryder are retiring from Quad/Graphics’ board of directors after serving in their roles for 14 years and seven years, respectively.
“It has been a sincere honor to work closely with Bill and Tom all these years, and I thank them for the fundamental role they played in strategically positioning Quad/Graphics for ongoing success,” Quadracci said.
“Bill Abraham served as a strategic business and legal advisor to my father Harry V. Quadracci as he conceived and launched Quad/Graphics, and grew it into an industry powerhouse,” Quadracci explained. “My family and I will forever be grateful for Bill’s support and contributions, and proudly consider him a founder of Quad/Graphics. Without his guidance, we would not be the strong company we are today.”
Added Quadracci: “Tom Ryder is an astute, insightful businessman who has helped us improve our company and our industry, drawing on his extensive experience in the printing and publishing industries. We are forever grateful for the guidance he provided during the World Color Press acquisition and integration, and additional consolidating acquisitions. We thank him for his service as a director.”
With these changes, Quad/Graphics has reduced the size of its board from 10 directors to nine directors.