LBS announces leadership transition
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Fritz James |
LBS, a Des Moines-based manufacturer of materials for the bookbinding, packaging and stationery industries, announced that its chairman and CEO, Fritz James, is retiring after 40 years leading the company. James owned the company until 2014, when he sold it to his employees in an employee stock ownership plan. LBS President Rob Mauritz, a 25-year veteran of the company, will succeed James as CEO while also retaining the title of president. “It is a real honor and pleasure to continue what Fritz has begun,” Mauritz said.
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Rob Mauritz |
“Becoming a 100 percent employee-owned company was the best thing for us, and through the efforts of our employee-owners, we will continue to experience growth in all three divisions.”The company employs about 80 people. In addition to LBS, the company’s divisions include Corporate Image, a manufacturer of custom printed ring binders, folders and boxes to corporations across the United States, and Archival Products, which manufactures preservation and conservation products for universities, libraries and museums.
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