Tevis Steps Down at Printing Arts America

WESTPORT, CT—Terry Tevis, president and CEO of quickly expanding industry consolidator Printing Arts America (PAA), has submitted his resignation to the company's board of directors, effective immediately.

In his place, the board has named one of its own, Marion H. Antonini, to succeed Tevis. Tevis will remain on the company's board as vice chairman through the end of the year.

PAA officials say Antonini brings a broad business background with extensive experience in operations, corporate acquisitions and strategic planning at such companies as Xerox, where he was group vice president worldwide operations, and Welbilt, where he was chairman and CEO from 1990 through 1998. At Welbilt, a manufacturer of commercial equipment, Antonini was responsible for increasing sales from $250 million to $500 million.

"During his 18-month tenure as president and CEO, Terry has helped Printing Arts America to grow from an ambitious concept into a coast-to-coast printing network comprised of 11 technology-driven affiliates with over $200 million in sales," notes Antonini. "The company is well-positioned to grow through acquisitions into new markets and to expand its presence in existing regions."

Tevis has had a long and distinguished career in the printing industry, including such companies as Arcata National and American Signature. In 1993, he became president of the Catalog Div. of R.R. Donnelley & Sons and was later named president of RRD Direct.

Kohlberg & Co. LLC, a private merchant banking firm that is the majority shareholder in Printing Arts America, recruited Tevis in February 1998 to run the newly formed company, as it completed its first four acquisitions.

"It was our intent from the beginning to build a national platform of marketing companies that meets the needs of our customers through print," Tevis says. "We discovered the marketplace welcomed our operating vision of becoming part of the value chain from creative development right through print and into fulfillment. I enjoyed being part of this launch, and PAA is well-positioned to become a leader in the consolidation taking place throughout the industry today. As a significant shareholder, I will enjoy watching PAA progress."

"Terry has helped Printing Arts America to grow from an ambitious concept into a coast-to-coast printing network."

— Marion H. Antonini