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.
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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV