Lee Enterprises Announces CFO Carl Schmidt Plans to Retire
January 16 2015 - 04:15PM
Business Wire
Lee Enterprises, Incorporated (NYSE: LEE), a leading provider of
news, information and advertising in 50 markets, announced today
that Carl G. Schmidt, vice president, chief financial officer and
treasurer, has informed the company that he plans to retire July
1.
“Lee is in a very good place,” Schmidt said. “Our long-term
financing is set through 2022, and we have built a solid foundation
for the future. As a result, it allows me an opportunity to spend
more time closer to, and with, my growing family, give something
back through volunteering and otherwise accomplish a few of the
things on my must do list.”
He added: “Lee is a great company with strong leadership, great
people and a bright future. I’ve had many challenges and
opportunities here and hope my contribution has been a positive
one. I will always be grateful for the experience, and especially
to the people who cover the news, sell the advertising and
otherwise make the company a success.”
Mary Junck, Lee chairman and chief executive officer, said a
search for a successor has begun and Spencer Stuart is
assisting.
“Carl has been an extraordinary leader in keeping Lee on sound
financial footing throughout the recession and the challenges our
industry has faced,” she said. “I have enjoyed working side by side
with Carl. He has been tireless, diligent, perseverant and
forward-thinking. The board of directors joins me in expressing our
appreciation to Carl for his many contributions to the long-term
benefit of our company. We will miss Carl but take great comfort in
the strong staff he has developed and the enduring legacy he
leaves.”
Schmidt, 58, joined Lee in 2001. He previously was senior vice
president and chief financial officer, secretary and treasurer of
Johnson Outdoors, a publicly traded component of the SC Johnson
group of companies, which he joined in 1994. He began his career in
1978 as a certified public accountant at the Big Four accounting
firm of KPMG LLP, in Milwaukee, Wisconsin. After a series of
promotions, he became a partner in 1988.
He is a graduate of Marquette University. He has worked with
many non-profit organizations and currently serves on the Board of
Genesis Philanthropy.
Lee Enterprises owns 46 daily newspapers and has a joint
interest in four others, along with rapidly growing digital
products and nearly 300 specialty publications in 22 states. 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.
Lee Enterprises, IncorporatedDan Hayes,
563-383-2100dan.hayes@lee.net
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