Veritiv Corporation announced its intention to form a new business segment, Veritiv Services. Veritiv plans to build out the new Services segment over the next 12-18 months, and begin reporting as a standalone segment in 2018.
"In just over two years as a public company, we have realized impressive financial and integration results that are meeting and exceeding the commitments we made to our shareholders, customers, suppliers and employees. Today, we are taking an important step in executing on our long-term growth strategy by announcing the creation of Veritiv Services," said Mary Laschinger, Chairman and CEO of Veritiv.
To support the new organizational structure, Laschinger also announced the appointments of three senior executives to lead Veritiv's Services, Print, and Packaging businesses.
Dan Watkoske, previously Senior Vice President – Print, will take leadership of the new Services segment as Senior Vice President – Veritiv Services. Watkoske will be responsible for expanding and accelerating value-added services to make the new segment a significant portfolio business for Veritiv.
Darin Tang, previously Senior Vice President – Packaging, will assume P&L responsibility for Veritiv's approximately $3.5 billion industry-leading Print segment as Senior Vice President – Print.
Tracy Pearson joins the Veritiv Senior Leadership Team as Senior Vice President – Packaging and will assume P&L responsibility for Veritiv's approximately $2.8 billion industry-leading Packaging segment.
Veritiv Corporation is a leading North American business-to-business distributor of print, publishing, packaging, and facility solutions; and also a provider of logistics and supply chain management services.
