Gannett Announces Q1 Departure of Chief Financial Officer
January 06 2020 - 6:55AM
Business Wire
Gannett Co., Inc. (“Gannett” or the “Company”) (NYSE: GCI)
announced today that Alison (Ali) K. Engel, Chief Financial
Officer, will depart the Company at the end of the first quarter to
pursue other opportunities. The Board of Directors has begun a
process to identify and appoint a successor to Ms. Engel. Mark
Maring, current Treasurer of Gannett, is expected to lead the
finance function after Ms. Engel’s departure until a new Chief
Financial Officer is appointed. Mr. Maring had most recently served
as the Treasurer of GateHouse Media for 10 years prior to the
merger.
Paul Bascobert, Gannett Media Corp. Chief Executive Officer
said, “On behalf of our Board and leadership team, we thank Ali for
her dedication and invaluable contributions over the past five
years. She has been a tireless leader and advocate for our mission
and helped us to successfully navigate both a proxy fight and
merger this past year. We wish her all the best as she considers
her next adventure.”
“I greatly enjoyed my time at Gannett and wish the Company
nothing but success in the future,” said Ms. Engel.
About Gannett
Gannett Co., Inc. (NYSE: GCI) is an innovative, digitally
focused media and marketing solutions company committed to
strengthening communities across our network. With an unmatched
reach at the national and local level, Gannett touches the lives of
nearly 140 million people monthly with our Pulitzer-Prize winning
content, consumer experiences and benefits, and advertiser products
and services. Gannett brands include the USA TODAY and more than
260 daily local newspaper brands, digital marketing services
companies ReachLocal, WordStream, and ThriveHive and U.K. media
company Newsquest. Following the completion of the recent merger,
starting November 20, 2019, New Media Investment Group Inc. trades
on the New York Stock Exchange under Gannett Co., Inc. and its
ticker symbol has changed to “GCI”. To connect with us, visit
www.gannett.com.
Forward-Looking
Statements
Certain items in this press release may constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements are
based on management’s current expectations and beliefs and are
subject to a number of risks and uncertainties. These and other
risks and uncertainties could cause actual results to differ
materially from those described in the forward-looking statements,
many of which are beyond our control. The Company can give no
assurance that its expectations will be attained, that the Company
will be successful in identifying, attracting or retaining
qualified candidates or that transition activities will proceed on
a timely basis or proceed as expected. Accordingly, you should not
place undue reliance on any forward-looking statements contained in
this press release. For a discussion of some of the risks and
important factors that could cause actual results to differ from
such forward-looking statements, see the risks and other factors
detailed from time to time in the Company’s Annual Report on Form
10-K, Quarterly Reports on Form 10-Q and other filings with the
Securities and Exchange Commission. Furthermore, new risks and
uncertainties emerge from time to time, and it is not possible for
the Company to predict or assess the impact of every factor that
may cause its actual results to differ from those contained in any
forward-looking statements. Such forward-looking statements speak
only as of the date of this press release. The Company expressly
disclaims any obligation to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Company’s expectations with regard
thereto or change in events, conditions or circumstances on which
any statement is based.
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version on businesswire.com: https://www.businesswire.com/news/home/20200106005305/en/
Ashley Higgins & Stacy Cunningham, Gannett Investor
Relations investors@gannett.com (212) 479-3160 or Media: Stephanie
Tackach, Gannett Public Relations stackach@gannett.com
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