Major Shifts at Standard Register
DAYTON, OH—Standard Register (SR), the $1.4 billion electronic and paper document management company based here, has seen a number of major changes to its operation in recent weeks, and heads into the second half of 2000 a significantly different company.
Topping the list of changes is a change at the top: Chief executive Peter Redding departs this month. Redding, 62, is retiring.
Taking the helm is Dennis L. Rediker, 56, former CEO of English China Clays plc and a Standard Register board member for five years.
"Dennis is a visionary leader with superior team-building skills," explains Paul H. Granzow, SR's chairman. "He has a demonstrated ability to lead complex organizations during periods of significant change and rapidly evolving market and competitive conditions. We're confident he can drive our strategy for growth."
Rediker spent 17 years with IBM in a variety of engineering, sales, marketing and product management positions. In 1983, he joined Mead Corporation. He was named head of corporate strategy in 1986. In 1993, he joined English China Clays plc in Atlanta. He became CEO in January 1996, living in London, England. He has just completed a $2.5 billion merger of English China Clays with a French company.
Redding's career with SR began when he joined the company as a sales representative in Washington, DC, in 1962. He has served on the board of directors since 1992 and as president and CEO since 1994. While he was CEO, Redding presided over the acquisition of Uarco Inc., growing SR by 50 percent.
Among Rediker's first orders of business will be the closing of its Toccoa, GA, forms printing plant and consolidation of operations with plants nationwide. The Toccoa plant has been in service since 1974.
The Toccoa plant's adjacent supply chain service center will remain in operation as SR increases utilization of the center's customer order entry and document design services. The supply chain services center employs 96 people and has been in operation since 1992.
The 102 employees affected by the closing will receive outplacement services. Additionally, full pay and benefits will be provided for 60 days, followed by eligibility for supplemental severance pay.
Next on Rediker's agenda will be the planned formation of a strategic alliance with Houston-based Consolidated Graphics.
Officials say the alliance will leverage the expertise of both companies: Customers will receive integrated print management provided by SR and commercial printing via Consolidated Graphics' national network of 63 facilities.
The companies will deliver print services ranging from business forms manufacturing and on-demand digital printing to commercial printed materials such as annual reports, promotional brochures and training manuals.
"Our alliance with Consolidated Graphics will extend our existing capabilities in diversified print and document management," states SR Executive Vice President and COO Peter A. Dorsman. "Their depth of experience, aggressive growth strategy and national coverage provides unmatched strategic advantage in delivering commercial print documents to Standard Register customers."
Consolidated Graphics Chairman and CEO Joe R. Davis states, "Standard Register has an impressive customer base, national contracts portfolio and a full range of print management services. This is the perfect complement to our nationwide network of premier commercial print facilities, and we are proud to be associated with Standard Register's long-standing reputation for superior service."
