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PAPER CORPORATION OF AMERICA CREATES FOUR OPERATING REGIONS

     PAPER CORPORATION OF AMERICA CREATES FOUR OPERATING REGIONS
    VALLEY FORGE, Pa., Nov. 11 /PRNewswire/ -- In a move toward enhancing responsiveness and efficiencies among its 20 operating companies throughout North America, Paper Corporation of America (PCA) announced today it has created four operating regions, each headed by a president.
    The new organization is a major step toward expanding PCA's capabilities and effectiveness as a national supplier of printing paper and industrial products.
    "We believe that our success in the future lies in attaining our full potential as an integrated, national distribution network," said Raymond A. Peterson, president of Paper Corporation of America.
    The four regional presidents are:  William T. Leith, 44, president, PCA Central, St. Louis; Gregg L. Rettew, 56, president, PCA Midlantic/ Southeast, Jacksonville, Fla.; Nathaniel E. Springer Jr., 63, president, PCA Northeast, New York; and James J. Swearingen, 56, president, PCA West, Long Beach, Calif.
    For the past 24 years, Paper Corporation of America has assembled a nationwide network of paper distributors based on a decentralized operating philosophy that gives each company an unusual degree of autonomy to make decisions based on local market needs.  Peterson emphasized that, while company presidents will now report to the regional presidents, this autonomy and flexibility will remain.
    "Our industry is in the midst of a major restructuring that affects both our suppliers and our customers," he said.  "Sometimes we must respond to change at the local level to meet individual needs.  At other times, we must respond as a national organization."
    Initially the regional presidents will concentrate on financial, marketing and information management issues, working closely with PCA headquarters staff in Valley Forge.
    Paper Corporation of America, an Alco Standard (NYSE: ASN) company, is one of the world's largest paper distributors, with annual sales of $3.6 billion.
    Alco Standard, also headquartered in Valley Forge, is a publicly held distribution and services company.  For its fiscal year ended Sept. 30, 1991, revenues were $4.8 billion.
    /delval/
    -0-                        11/11/91
    /CONTACT:  David B. Kirkland of Alco Standard, 215-993-3730/
    (ASN) CO:  Paper Corporation of America; Alco Standard Corporation ST:  Pennsylvania IN: SU:  RCN MK-CC -- PH018 -- 3156 11/11/91 16:36 EST
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Publication:PR Newswire
Date:Nov 11, 1991
Words:360
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