Cenveo Announces Management Appointments
STAMFORD, Conn., Feb. 13, 2018 /PRNewswire/ — Cenveo, Inc. (NASDAQ: CVO) (the “Company”), a global leader in digital manufacturing and fulfillment of envelopes, labels, print, and related communication resources, today announced the appointment of Mark S. Hiltwein as Chief Financial Officer, effective March 2018. Mr. Hiltwein rejoins Cenveo from Rand Logistics, Inc., where he served as Chief Financial Officer. Previously, Mr. Hiltwein held several senior positions at Cenveo, including Chief Financial Officer, President of the Envelope Group, and President of Field Sales and Manufacturing.
“We are excited to welcome Mark back to Cenveo where he will undoubtedly make an immediate impact as we continue to transform our Company. Mark’s prior experience at Cenveo is a tremendous asset for us while we restructure our balance sheet and position the Company for long-term success. Many of our employees, customers, and vendors have worked with Mark in the past and respect him tremendously. We are all looking forward to him rejoining us,” said Robert G. Burton, Sr., Chairman and CEO of Cenveo.
Mr. Hiltwein will lead Cenveo’s financial operations and report directly to Rob Burton, Jr., President of Cenveo. Mr. Hiltwein will succeed Scott Goodwin, who will depart Cenveo at the end of February.
Cenveo also announced the appointment of Ayman Zameli, Cenveo’s Executive Vice President, Corporate Strategy and Capital Markets, as the Company’s Chief Restructuring Officer (“CRO”). In his expanded role, Mr. Zameli will lead the Company’s restructuring efforts during the pendency of the Chapter 11 proceeding and will have authority and discretion on behalf of the management of the Company with respect to all of the Company’s restructuring initiatives.
Cenveo (NASDAQ: CVO), world headquartered in Stamford, Connecticut, is a leading global provider of print and related resources, offering world-class solutions in the areas of custom labels, envelopes, commercial print, content management and publisher solutions. The Company provides a one-stop offering through services ranging from design and content management to fulfillment and distribution. With a worldwide distribution platform, we pride ourselves on delivering quality solutions and service every day to our customers. For more information please visit us at www.cenveo.com.
Cautionary Note Regarding Forward-Looking Statements
This document contains certain forward-looking statements. These statements may be identified by the use of forward-looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “our vision,” “plan,” “potential,” “preliminary,” “predict,” “should,” “will,” or “would” or the negative thereof or other variations thereof or other comparable terminology and include, but are not limited to, statements regarding the Company’s expected motions to be filed in the Chapter 11 proceeding and the dispositions of such motions, continued operations and customer and supplier programs while in a Chapter 11 proceeding, cash needed to support our operations while in a Chapter 11 proceeding, ability to lower debt and interest payments, ability to operate while in a Chapter 11 proceeding, ability to pay our creditors, credit rating and ability to manage its pension obligations. We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control, including, but not limited to: the actions and decisions of our creditors and other third parties with interests in the Chapter 11 cases; our ability to maintain liquidity to fund our operations during the Chapter 11 cases; our ability to obtain Bankruptcy Court approvals in connection with the Chapter 11 cases; our ability to consummate any transactions once approved by the Bankruptcy Court and the time to consummation of such transactions; adjustments in the calculation of financial results for the quarter or year end, or the application of accounting principles; discovery of new information that alters expectations about financial results or impacts valuation methodologies underlying financial results; accounting changes required by United States generally accepted accounting principles; and other factors affecting the Company detailed from time to time in the Company’s filings with the SEC that are available at www.sec.gov/. These and other important factors may cause our actual results, performance, or achievements to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. For a list and description of such risks and uncertainties, please refer to Cenveo’s filings with the SEC that are available at www.sec.gov/ and in particular, our 2016 Form 10-K filed with the SEC on February 23, 2017. We caution you that the list of important factors included in our SEC filings may not contain all of the material factors that are important to you. In addition, in light of these risks and uncertainties, the matters referred to in the forward-looking statements contained in this document may not in fact occur. Cenveo disclaims any intention or obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise, except as otherwise required by law.
Inquiries from analysts and investors should be directed to Ayman Zameli at (203) 595-3063.
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SOURCE Cenveo, Inc.