Consolidated Graphics Appoints Michael Barton Executive Vice President and Chief Administrative Officer; Comments on Share Repurchase Program.Business Editors HOUSTON--(BUSINESS WIRE)--Jan. 14, 2000 Consolidated Graphics Consolidated Graphics (NYSE "CGX") is a national, commercial printing company based in Houston, Texas. Founded in 1985 by Joe R. Davis, the company has grown to over 70 locations across 26 states and is known as the leading sheetfed, web and digital printing company in North , Inc. (NYSE NYSE See: New York Stock Exchange :CGX CGX Consolidated Graphics Inc. CGX Meigs Field, Chicago, Illinois (Airport Code) ) today announced the appointment of Michael B. Barton, age 46, to the newly created position of Executive Vice President and Chief Administrative Officer A chief administrative officer (CAO) is responsible for administrative management of private, public or governmental corporations. The CAO is one of the highest ranking members of an organization, managing daily operations and usually reporting directly to the chief executive . Mr. Barton will work directly with Chairman and Chief Executive Officer, Joe R. Davis. Since 1991, Mr. Barton has been employed by Dynegy Inc., a Houston based Fortune 150 energy products and services company, serving since 1995 as Vice President of Human Resources and Administration. Prior to 1991, Mr. Barton held senior management positions with Occidental Petroleum Company and Frito-Lay Corporation. Mr. Barton, a member of the Society for Human Resources Management, holds a Bachelor of Arts degree from the University of Oklahoma University of Oklahoma, abbreviated OU, is a coeducational public research university located in the U.S. state of Oklahoma. Founded in 1890, it existed in Oklahoma Territory near Indian Territory 17 years before the two became the state of Oklahoma. . "We are extremely pleased to have someone with Mike's experience and leadership ability join Consolidated Graphics at this important stage of our growth," commented Mr. Davis. "He will be instrumental in helping us identify and develop leadership talent, as well as providing strategic counsel on organizational and management challenges we will face in the future, as we continue to grow our company." Separately, the Company announced that as part of its ongoing 2.1 million share repurchase Share Repurchase A program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares. This is usually an indication that the company's management thinks the shares are undervalued. program, 1.3 million shares of its common stock have been purchased to date. Consolidated Graphics operates printing companies in 25 states with annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. revenues in excess of $640 million. For more information, visit the Company's Web site at www.consolidatedgraphics.com. This press release contains forward-looking statements, which involve known and unknown risks, uncertainties or other factors that could cause actual results to materially differ from the results, performance or other expectations implied by these forward-looking statements. Consolidated Graphics' expectations regarding run-rate revenues assume, among other things, the number of completed acquisitions, general economic conditions, continued demand for its product, the availability of raw materials, retention of its key management and operating personnel, as well as other factors detailed in Consolidated Graphics' filings with the Securities and Exchange Commission. |
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