Ronald Mayo announces plans to leave Lee Enterprises
June 15 2018 - 6:15AM
Ronald A. Mayo, Vice President, Chief Financial Officer and
Treasurer of Lee Enterprises, Incorporated (NYSE:LEE), has
announced he is resigning and returning to Denver, Colorado, for
family considerations.
Mr. Mayo, who has been on medical leave since April, said:
“Since joining Lee in 2015, I have been commuting between Davenport
and Denver. While I am fully recovered from my medical issue, the
recent events made me realize the importance of living and working
in the same city as my family. I will dearly miss my colleagues at
Lee, and I appreciate the opportunity to have worked with an
exceptional management team at an industry-leading media
company.”
Kevin Mowbray, Lee president and chief executive officer, said:
“Ron has been a key member of our executive team, overseeing
finance, I.T., production and investor relations. We are grateful
for his leadership and his many contributions to our success. We
will miss him and wish him our very best.”
In Mr. Mayo’s absence, Tim Millage, Lee corporate controller,
has been appointed to serve as the company’s acting principal
financial and accounting officer.
In addition to his three years as CFO at Lee, Mr. Mayo’s career
includes 19 years with MediaNews Group, where he served 12 years as
vice president and chief financial officer. He also served as chief
financial officer of Halifax Media Group. Before entering the media
industry, he was an audit senior manager at Ernst & Young in
Houston, Texas. He is a certified public accountant and a graduate
of Texas A&M University. He and his wife, Karen, have two adult
children.
ABOUT LEE
Lee Enterprises is a leading provider of local news and
information, and a major platform for advertising, with daily
newspapers, rapidly growing digital products and nearly 300 weekly
and specialty publications serving 49 markets in 20 states. Year to
date, Lee's newspapers have an average circulation of 0.8 million
daily and 1.1 million Sunday and are estimated to reach almost
three million readers in print alone. Lee's markets include St.
Louis, MO; Lincoln, NE; Madison, WI; Davenport, IA; Billings, MT;
Bloomington, IL; and Tucson, AZ. Lee Common Stock is traded on the
New York Stock Exchange under the symbol LEE. For more information
about Lee, please visit lee.net.
Contact:Charles ArmsCorporate Communications
ManagerIR@lee.net(563) 383-2100
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