Printer Moore Wallace Inc. has suspended Mark Hiltwein, the company’s executive vice president and CFO with pay.
The suspension stems from Hiltwein providing a misdated document to PricewaterhouseCoopers LLP last week in connection with an investigation regarding anonymous letter received by the company in late December alleging misuse of acquisition-related restructuring charges.
In a statement, the company said PricewaterhouseCoopers had largely completed their work and found no evidence to support these allegations.
The company said Hiltwein maintained the misdating of the document was a mistake and poor judgment on his part but that it was not the product of any intention to deceive PricewaterhouseCoopers, the Audit Committee or anyone else. Hiltwein has been replaced as CFO on an interim basis by James R. Sulat, senior executive vice president of Moore Wallace.
In a separate development, RR Donnelley and Moore Wallace Inc. received approval under the Investment Canada Act for the proposed combination of the two companies. The transaction is expected to close by the end of this month.
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