ACCO Brands Corporation Names Boris Elisman to Succeed Robert Keller as Chief Executive Officer; Keller Will Remain as Executive Chairman

Mon Jan 14, 2013 7:00am EST

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Company On Track to Meet 2012 EPS Guidance and Exceed Cash Flow Generation and
Debt Reduction Targets
LINCOLNSHIRE, Ill.,  Jan. 14, 2013  /PRNewswire/ -- ACCO Brands Corporation
(NYSE: ACCO), a world leader in branded office products, today announced that 
Boris Elisman  will succeed  Robert J. Keller  as Chief Executive Officer
effective  March 31, 2013.  Mr. Elisman has served since 2010 as President and
Chief Operating Officer of ACCO Brands, having joined the Company in 2004. Mr.
Keller will remain as Executive Chairman of the Company's Board of Directors. 
Mr. Elisman will also join the Company's Board of Directors when he becomes CEO.
  

(Photo:  http://photos.prnewswire.com/prnh/20130114/CG41611-a)

(Logo:  http://photos.prnewswire.com/prnh/20130114/CG41611LOGO-b)

As President and COO, Mr. Elisman has been instrumental in driving ACCO Brands'
improved performance and positioning the Company for future growth.  He played a
leadership role in ACCO Brands' transformative acquisition of the Mead Consumer
and Office Products business, completed last May, which established the Company
as the #1 branded office products company in the world by sales.  In addition,
Mr. Elisman is credited with strengthening customer relationships and
spearheading innovative product development to drive market share growth, and he
has instituted a range of initiatives that have optimized supply chain
performance and driven productivity improvements.  Prior to becoming President
and COO in 2010, Mr. Elisman led ACCO Brands' Americas business.   

Robert H. Jenkins, the presiding independent director on ACCO Brands' Board,
said, "We are delighted that  Boris Elisman  will be ACCO Brands' next CEO.  Our
Board has worked closely with Bob on a carefully planned succession process to
assure a smooth and seamless transition of leadership.  As President and COO,
Boris has worked side-by-side with Bob over the past two years to successfully
develop and execute the Company's strategy, and the timing is now right for
Boris to step into the CEO role.   

At the same time, we are very pleased that ACCO Brands will continue to benefit
from Bob's active involvement as Executive Chairman.  Four years ago, Bob took
the reins at a challenging time for the Company, ultimately restoring financial
stability and positioning the business for long-term growth. We thank Bob for
his extraordinary leadership," Mr. Jenkins concluded.    

Mr. Keller said, "I am proud of what we've accomplished and delighted to pass
the baton to Boris at this exciting time in ACCO Brands' history.  Boris has
distinguished himself as a talented and visionary leader with a deep
understanding of the Company's worldwide operations and a strong track record in
delivering results.  I know Boris and our team will do a terrific job building
on the significant progress that we've made together in growing our customer
relationships, increasing our channel penetration and expanding our geographic
reach.       

"ACCO Brands has entered 2013 in a solid position.  The integration of Mead C&OP
is ahead of schedule, and, based on preliminary results, we are on track to meet
our earnings guidance for 2012 that we issued in connection with our third
quarter earnings release, despite continued global economic headwinds. 
Importantly, based on stronger than expected free cash flow, we were able to pay
down  $200 million  in debt in 2012, or  $50 million  more than previously
anticipated.  With a strong foundation in place, I look forward to continuing to
be a part of ACCO Brands' future success," Mr. Keller said.     

Mr. Elisman said, "It is an honor to succeed  Bob Keller  as CEO of ACCO Brands.
Bob led a remarkable turnaround of our business, and it has been a privilege to
be part of it.  As we look to the future, we believe there are tremendous
opportunities ahead for ACCO Brands to further enhance our global scale, both
across channels and geographies, to strengthen our portfolio of brands, and to
maximize shareholder value.  Our team is focused on continuing to capitalize on
the opportunities created by the Mead C&OP transaction while positioning ACCO
Brands for long-term profitable growth.  I am delighted we will continue to have
the benefit of Bob's experience and insights through his continuing role as
Executive Chairman."

About  Boris Elisman

Prior to becoming President and COO in 2010, Mr. Elisman, 50, served as
executive vice president of ACCO Brands and president of ACCO Brands Americas. 
He joined ACCO Brands in 2004 as president of the Computer Products Group.
Previously, he held senior executive positions in marketing and general
management for the Hewlett-Packard Company. Mr. Elisman's undergraduate and
graduate degrees are from  Brown University, and he holds an MBA from the 
Stanford University  Graduate School of Business.

About  Robert Keller

Mr. Keller, 59, initially joined ACCO Brands as a member of the Board of
Directors in 2005.  In 2008, he was appointed chairman of the board and
subsequently CEO.  Prior to ACCO Brands, Mr. Keller was former president and
chief executive officer of APAC Customer Services, Inc. He assumed that role
after serving as president, Business Services Group, at Office Depot.

Other

ACCO Brands will release fourth quarter 2012 financial results on  Wednesday,
February 13, 2013.  At  8:30 a.m. Eastern Time  the Company will host a
conference call to discuss the results. The call will be broadcast live via
webcast.  The webcast can be accessed through the Investor Relations section of 
www.accobrands.com. The webcast will be in listen-only mode and will be
available for replay for one month following the event.

About ACCO Brands Corporation

ACCO Brands Corporation is one of the world's largest suppliers of branded
office and consumer products and print finishing solutions. Our widely
recognized brands include AT-A-GLANCE, Day-Timer, Five Star, GBC, Hilroy,
Kensington, Marbig, Mead, NOBO, Quartet, Rexel, Swingline, Tilibra, Wilson Jones
and many others. We design, market and sell products in more than 100 countries
around the world. More information about ACCO Brands can be found at 
www.accobrands.com.

Forward-Looking Statements  

This press release contains statements which may constitute "forward-looking"
statements as that term is defined in the Private Securities Litigation Reform
Act of 1995. These forward-looking statements are subject to certain risks and
uncertainties, are made as of the date hereof and the company assumes no
obligation to update them. The company's ability to predict results or the
actual effect of future plans or strategies is inherently uncertain. Because
actual results may differ from those predicted by such forward-looking
statements, you should not place undue reliance on them when deciding to buy,
sell or hold the company's securities. Among the factors that could cause our
plans, actions and results to differ materially from current expectations are:
fluctuations in the cost and availability of raw materials; competition within
the markets in which the company operates; the effects of both general and
extraordinary economic, political and social conditions, including any
volatility and disruption in the capital and credit markets; our continued
ability to access the capital and credit markets; the liquidity and solvency of
our major customers; the effect of consolidation in the office products
industry; the dependence of the company on certain suppliers of manufactured
products; the risk that targeted cost savings and synergies from business
combinations may not be fully realized or take longer to realize than expected;
future goodwill and/or impairment charges; foreign exchange rate fluctuations;
the development, introduction and acceptance of new products; the degree to
which higher raw material costs and freight and distribution costs can be passed
on to customers through selling price increases and the effect on sales volumes
as a result thereof; increases in health care, pension and other employee
welfare costs; the risk that anticipated cost savings, growth opportunities and
other financial and operating benefits as a result of our recent acquisition of
the MeadWestvaco's Consumer & Office Products Business may not be realized or
may take longer to realize than expected; the risk that benefits from our
acquisition of MeadWestvaco's Consumer & Office Products Business may be
significantly offset by costs incurred in integrating the companies; potential
adverse impacts from incurring additional indebtedness in connection with our
acquisition of MeadWestvaco's Consumer & Office Products Business; and potential
difficulties in connection with the process of integrating MeadWestvaco's
Consumer & Office Products Business with the company, which potential
difficulties include, but are not limited to, coordinating geographically
separate organizations, integrating business cultures, which could prove to be
incompatible, difficulties and costs of integrating information technology
systems, and potential difficulty in retaining key officers and personnel. These
and other risks are more fully described under "Part I, Item 1A. Risk Factors"
in our Annual Report on Form 10-K for the year ended  December 31, 2011, and
"Part II, Item 1A. Risk Factors" in our Quarterly Report on Form 10-Q for the
quarter ended  March 31, 2012, and in other reports we file with the SEC.

SOURCE  ACCO Brands Corporation


Rich Nelson, Media Relations, +1-847-484-3030; Jennifer Rice, Investor
Relations, +1-847-484-3020

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