Ricoh Announces Realignment of Production Print Business

WEST CALDWELL, NJ—April 4, 2011—Ricoh Co. announced the realignment of its production print resources with the formation of Ricoh Production Print Solutions (RPPS), incorporating InfoPrint Solutions and the Ricoh Production Printing Business Group’s marketing and planning resources from Japan. The organization will provide a more effective and efficient approach to this highly competitive marketplace.

These changes are being implemented with the objective of streamlining processes, operations and organizations within the Ricoh Family Group of Companies, including InfoPrint Solutions which will operate as RPPS. The new business model will deliver greater customer value by bringing together Ricoh resources to develop, market and support industry leading end-to-end solutions for production customers.

RPPS will be headquartered in the United States—the world’s largest production print marketplace—and co-located in West Caldwell, NJ, with Ricoh Americas Corp.

”The decision to locate the headquarters of RPPS in the United States is an indication of how important this market is for future success,” said Shiro Kondo, president and CEO, Ricoh Co. “This is a clear indication of our desire to increase our marketplace penetration in the United States and around the world. We fully expect to see the positive results of this in the coming months and years,” he said.

A key component of RPPS will be its business line management function which will provide customers with faster marketplace response time, longer-term portfolio management, education and marketing support globally, and tighter communications between geography sales requirements and product and solutions development. Additionally, through the newly combined and streamlined organization, Ricoh will be able to achieve broader and more seamless sales coverage and maintenance support for existing and prospective customers around the world.

RPPS will report to Ricoh’s Production Printing Business Group (PPBG), Tokyo, Japan.

“One of the most important initiatives in our short and long term business plans is to grow our production print business in a meaningful and valuable way across the globe,” said Shiro (Simon) Sasaki, former chairman and CEO, Ricoh Europe Plc, and newly appointed chairman and CEO, RPPS, and executive vice president and general manager of Ricoh’s PPBG. “The realignment of our considerable production print assets around the world means that we now have—working together in a seamless way—the most powerful collection of people, production solutions and geographic sales and support coverage in the industry. We are looking forward to bringing the benefits of this realigned organization to our current and future customers.”

Daisuke Segawa has been named president and chief operating officer, RPPS, and corporate vice president, deputy general manager, PPBG.

About Ricoh Co.
Ricoh Co. is a global technology leader, specializing in the office and production printing markets. Ricoh works with organizations around the world to modernize work environments and optimize document efficiency. With more than 108,500 employees worldwide, Ricoh operates in Europe, the Americas, Asia/Pacific, China, and Japan. Ricoh’s worldwide sales were more than 2,016 billion yen ($21 billion USD) in the year ended March 31, 2010.

Source: Company release.