William H. Sadlier, Inc., Announces Management Transition:

NEW YORK, June 27, 2017

Sadlier also announced the appointment of the Company's current Executive Vice President and Chief Financial Officer, Raymond D. Fagan, as the Company's new President and Chief Executive Officer, effective June 30, 2017. Mr. Fagan, who joined the Company in 2012, previously held senior executive positions with Dun & Bradstreet, Harcourt Education Group, Interpublic Group and The Thomson Corporation.

Frank Sadlier Dinger and William Sadlier Dinger, known to all as Ding and Bill, are the great-grandsons of Company namesake William H. Sadlier and direct descendants of Denis and James Sadlier, Irish immigrants who in 1832 founded the religious publishing business that grew into today's company. Younger brother Bill joined Sadlier first, in August 1963. Ding followed in June 1964, after completing service in the U.S. Army. At the time that both men joined, their father, F. Sadlier Dinger, served as Chairman of the Board.

"Sadlier has always been a family business, and today's announcement does nothing to change that," Ding said. "It has long been our tradition to strengthen the Company with talent from outside the family. In his five years with us, Ray Fagan has proven that he has the financial acumen, publishing experience and leadership skills to take us forward without a hitch."

"We are proud to turn the reins over to Ray, another University of Notre Dame graduate like Ding and me," Bill said. He added: "Ding and I intend to remain active as Board members and advisers. Moreover, the next generation of our family is well represented in top management by Ding's daughters, Angela Dinger, General Counsel and Corporate Secretary, and Melissa Gibbons, Director of Customer Service, and by my son, Bill Junior, Group Vice President."

"Continuity has been a key to Sadlier's amazing record of publishing success," Ray Fagan said. "I am honored to have the opportunity to extend that tradition, and I plan to take full advantage of Ding and Bill's wisdom as advisers."

Both Dinger brothers have been recognized as leaders in educational publishing by the Association of Educational Publishers (AEP) and have been inducted into the association's prestigious Hall of Fame for their lifetime of achievement, commitment and dedication to education.