R.R. Donnelley & Sons Company

R.R. Donnelley & Sons Company

The R.R. Donnelley & Sons Company Retirement Benefit Trust was established in 1941 to serve the domestic employees and participating subsidiaries of the global communications and packaging firm. Thomas J. Quinlan III, President and CEO, leads the parent company, which was acquired by Chatham Asset Management and taken private in February 2022. Drew Coxhead serves as CFO, and Deborah Steiner acts as Chief Administrative Officer and General Counsel. The trust is distinct from the company's philanthropic arms, the Gaylord & Dorothy Donnelley Foundation and the R.R. Donnelley Foundation. The trust's investment strategy spans venture capital from seed through late-stage, fund-of-funds commitments, and secondaries transactions. While specific portfolio company names are not publicly disclosed, the program builds exposure across asset classes. The parent company maintains industrial real estate globally, including production facilities in Temecula, California, Shanghai, and Debrecen, Hungary, alongside its Chicago headquarters. The corporate art collection and the Lakeside Press Archive at the Art Institute of Chicago further reflect the Donnelley legacy. RRD employs more than 35,000 people across 30 countries, generating revenue that placed it 16th in Ad Age's 2025 Agency Report for the seventh consecutive year. The enterprise encompasses marketing services, packaging production, and supply-chain solutions under the Iridio℠ brand. Executive leadership participates in YPO, and the firm holds a historical connection to the Caxton Club. The Retirement Benefit Trust operates alongside a separate Post-Retirement Medical Benefit Trust based in Warrenville, Illinois. The trust's structure as an in-house pension fund making direct venture allocations distinguishes it from most corporate peers, which typically outsource all private-market exposure to external managers. Chatham Asset Management's 2022 privatization of the parent company — and Chatham's ongoing role as sole owner — adds a layer of credit-focused ownership governance over the pension's long-term investment policy.