New corporate senior leadership teams announced for each company
effective upon completion of spin
MCLEAN, Va.--(BUSINESS WIRE)--Apr. 29, 2015--
Gannett Co., Inc. (NYSE: GCI) today announced new chairmen and members
of the Boards of Directors for both Gannett (SpinCo) and TEGNA
(RemainCo). Gannett is in the process of creating two publicly traded
companies: one exclusively focused on its Broadcasting and Digital
businesses (TEGNA), and the other on its Publishing business and
affiliated digital assets (Gannett). The separation is expected to be
completed by mid-2015.
Current Gannett Board Chairman Marjorie Magner will serve as chairman of
TEGNA’s (RemainCo) Board of Directors following the separation. TEGNA’s
(RemainCo) Board of Directors will also include current Gannett
directors Howard D. Elias, Lidia Fonseca, Gracia Martore, Scott K.
McCune, Susan Ness and Neal Shapiro.
John Jeffry Louis, current Gannett director, will serve as chairman of
Gannett’s (SpinCo) Board of Directors following the separation which
will also include current Gannett directors John E. Cody and Tony
Prophet and Gannett (SpinCo) CEO-designate Robert Dickey. Louis, Cody
and Prophet will resign from the Gannett Board concurrently with the
completion of the spin-off.
Gannett’s Board of Directors also elected Bruce Nolop, former executive
vice president and chief financial officer of E*TRADE Financial
Corporation, to the Gannett Board of Directors, effective immediately.
He will serve on TEGNA’s Board following the separation. In addition,
Jill Greenthal, senior advisor, Private Equity Group at Blackstone
Group, L.P. was elected to the TEGNA Board, effective as of the day
following completion of the separation.
“I am excited to welcome both Jill and Bruce to our Board of Directors,”
said Gracia Martore, president and CEO, Gannett. “They both bring years
of financial and corporate governance expertise to the Board. Jill has
significant finance, M&A and general capital markets expertise in media
while Bruce is a highly respected finance executive and is known as an
outstanding board member with extensive transaction experience. They
will both be great resources in helping advance our broadcast and
digital businesses.”
In addition, upon completion of the separation, Lila Ibrahim, chief
business officer at Coursera, is expected to serve on the Gannett
(SpinCo) Board of Directors.
“Lila will be a dynamic addition to the Board of Directors following the
separation,” said Robert Dickey, CEO-designate, Gannett (SpinCo). “She
is deeply connected in Silicon Valley and is a hands-on, energetic
executive. We look forward to Lila helping shape our future direction.”
Martore, who will assume the role of president and CEO of TEGNA, also
announced today two executive promotions. Following the separation,
Victoria Harker, current Gannett chief financial officer, will be
promoted to executive vice president and chief financial officer of
TEGNA, and Todd Mayman, currently Gannett’s senior vice president,
general counsel and secretary, will be promoted to executive vice
president, chief legal and administrative officer of TEGNA. TEGNA’s
executive leadership team will include Bill Behan, senior vice president
of labor relations; Victoria Harker, chief financial officer; Kevin
Lord, chief human resources officer; Dave Lougee, president of
Broadcasting; Todd Mayman, chief legal and administrative officer; and
Jack Williams, president of Digital Ventures.
After the separation, as previously reported, Dickey, current president
of Gannett U.S. Community Publishing, will serve as Gannett’s (SpinCo)
president and CEO. Also on the Gannett leadership team will be Ali
Engel, senior vice president and chief financial officer; Henry Faure
Walker, chief executive, Newsquest; Larry Kramer, USA TODAY publisher
and chief content officer; David Payne, chief product officer; Maribel
Wadsworth, senior vice president and chief strategy officer; Barbara
Wall, senior vice president and chief legal officer; and John Zidich,
president of domestic publishing.
New Board member bios:
Jill Greenthal has advised and financed media and internet
companies for over 30 years, having worked in all sectors of the
business. She is a senior advisor in the Private Equity Group of
Blackstone and works closely with the global media and technology teams
to assist in investments in those sectors. Prior to her current
position, she was a senior managing director in Blackstone’s Advisory
Group. Greenthal serves on the corporate boards of Akamai Technologies,
Inc., Houghton Mifflin Harcourt, Michaels Companies, Inc., and Weather
Channel Companies. She also is a Trustee of Dana-Farber Cancer
Institute, The James Beard Foundation, Simmons College and is an
Overseer of the Museum of Fine Arts in Boston.
Bruce Nolop brings over 35 years of finance and operating
experience, including 11 years as chief financial officer of E*TRADE and
Pitney Bowes, Inc. Previously, Nolop served as corporate treasurer and
vice president of strategic planning at Kimberly-Clark. He began his
career in banking, serving for 18 years in various roles at Morgan
Stanley, Goldman Sachs and Wasserstein Perella. Nolop is currently a
member of the corporate boards of Marsh & McLennan Companies, Inc. and
CLS Group Holdings AG.
Lila Ibrahim has more than 20 years of experience in Silicon
Valley. Ibrahim was a partner with Kleiner Perkins Caufield & Byers
(KPCB), working across the firm’s digital and greentech portfolios, when
she joined Coursera in 2013, in which KPCB has an ownership stake. She
currently serves as chief business officer of Coursera. Before joining
KPCB, Ibrahim had a diverse 18-year career with Intel Corp.
About Gannett
Gannett Co., Inc. (NYSE: GCI) is an international media and marketing
solutions company that informs and engages more than 115 million people
every month through its powerful network of broadcast, digital, mobile
and publishing properties. Our portfolio of trusted brands offers
marketers unmatched local-to-national reach and customizable, innovative
marketing solutions across any platform. Gannett is committed to
connecting people – and the companies who want to reach them – with
their interests and communities. For more information, visit www.gannett.com.
Source: Gannett Co., Inc.
Gannett Co., Inc.
For media inquiries, contact:
Jeremy
Gaines
Vice President, Corporate Communications
703-854-6049
jmgaines@gannett.com
or
For
investor inquiries, contact:
Jeffrey Heinz
Vice President,
Investor Relations
703-854-6917
jheinz@gannett.com