Business News
Andrew P. Hines Joins World Color as Interim Chief Financial Officer
Monday 14. September 2009 - World Color Press Inc. (TSX:WC)(TSX:WC.U) ("World Color") announced today the appointment of Andrew P. Hines as interim Chief Financial Officer. Mr. Hines has extensive experience in senior finance positions with major corporations including RJR Nabisco, OMC, Adidas, F.W. Woolworth & Co. and C.P. Kelco.
“I am very pleased that Andy has agreed to join World Color as CFO on an interim basis. I have worked with him in the past, and he will stay with us as long as we need him. His extensive experience across many industries with large and small companies will be a great asset to World Color and our finance team,” commented Mark Angelson, Chairman and CEO World Color. “Andy is a seasoned, unflappable veteran, and has a wide-ranging background in many areas including cash management, financial controls and, most importantly, providing strategic and operational support for underperforming companies that subsequently achieved substantial investment returns.”
“I am very pleased to be joining Mark and his team. World Color is embarking on a new and exciting chapter in its history and I believe my prior roles in senior finance and operations positions at major public companies will help our finance team contribute to our future success,” said Mr. Hines.
Mr. Hines’ office will be located at World Color’s corporate headquarters in Montreal. His appointment as interim CFO will allow World Color to benefit from his experience while at the same time conducting an internal and external search process for a permanent CFO.
Mr. Hines’ career has included senior positions at a number of major public and private companies, extensive turnaround, interim management and performance enhancement assignments for premier equity and distressed debt investors. Since 2000, Mr. Hines has been managing partner of Hines & Associates, a restructuring and financial management advisory firm.
Mr. Hines was a senior financial officer at RJR Nabisco at the time of its acquisition by Kohlberg Kravis Roberts & Co., and helped raise $25 billion in debt and equity to fund the transaction. As a senior member of that management team, he participated in acquisitions and mergers that ultimately resulted in the creation of one of the world’s largest companies. Subsequently, he participated in the successful rebuilding of Adidas, where he functioned as COO/CFO. The company now is public, and is the largest athletic footwear and apparel company in the world.
Mr. Hines, a CPA, began his distinguished career in public accounting with PricewaterhouseCoopers, where he had responsibility for manufacturing, retail and publishing industry clients. He served with the U.S. Marine Corp and graduated from St. John’s University. He is a member of AICPA, NYS of CPAS, FEI and NJTMA. He is the Audit Committee Chairman of Hughes Telematics Inc.