Merrill CEO Retires After 30 Years; IBM Exec Takes Over
John Castro, who has spent three decades at the helm of the St. Paul-based company, is retiring from his roles as CEO and chairman, and James “Rusty” Wiley took over as chief executive on Tuesday.
Wiley, who was also named a director of Merrill’s board, joins the company after spending more than 25 years at IBM Corporation. At IBM, he most recently served as general manager of the company’s banking and financial services business, and he previously held other executive roles, including those with “significant international responsibilities,” Merrill said. Wiley will relocate to the Twin Cities to assume his new role.
Merrill provides printing and publishing services for business communication and information management, and it offers technology solutions for multiple industries. Its services range from financial documentation to language-captioning services for broadcasters.
Castro has been a Merrill executive since joining the company in 1978 and has served on the board since 1981. He was appointed CEO in 1984 and became chairman in 2002. He’s credited with helping grow the company internationally. Today, Merrill has more than 5,000 employees and operates 70 offices worldwide.
Castro will remain a member of Merrill's board and “act in advisory role for a short period of time to assist in an orderly transition,” the company said. Meanwhile, James Continenza, who has been a lead director on Merrill’s board since last year, will take over the chairman role.
“Rusty is a talented, proven executive that I’ve had the pleasure of recruiting to the team,” Castro said in a statement. “He is ready and capable of continuing to enhance Merrill’s success as an international company.”
Merrill was founded in 1968 as the K.F. Merrill Company and assumed its current name in 1984.In December, it purchased Grossman & Cotter, a California-based court reporting and videoconferencing firm, for an undisclosed sum.