Champion Hires Chief Restructuring Officer

The corporate parent of Chapman Printing, Capitol Business Interiors and the Huntington Herald-Dispatch newspaper retained Timothy D. Boates of RAS Management Advisors LLC on April 8, according to a filing with the U.S. Securities Exchange Commission.

"Mr. Boates will have full responsibility for all of Champion's operations, including but not limited to day-to-day management, and will report directly to Champion's board of directors," the filing said.

The commercial printing company is struggling against a decrease in earnings and a significant amount of high-interest debt on its balance sheet.