Hollinger International Names Gregory A. Stoklosa Vice President -- Finance
March 14 2005 - 12:50PM
PR Newswire (US)
Hollinger International Names Gregory A. Stoklosa Vice President --
Finance CFO Peter Lane to Retire Following Move of Financial
Function from Toronto to Chicago NEW YORK, March 14
/PRNewswire-FirstCall/ -- Hollinger International Inc. (NYSE:HLR)
announced today the appointment of Gregory A. Stoklosa, 49, as Vice
President -- Finance, effective immediately. Mr. Stoklosa will be
based at Hollinger International's Chicago headquarters, and will
report directly to Gordon Paris, Chairman and Chief Executive
Officer. He will succeed Peter Lane, 51, as Chief Financial Officer
upon Mr. Lane's retirement later this year. Mr. Stoklosa was
Executive Vice President and Chief Financial Officer of R.R.
Donnelley & Sons Company (NYSE:RRD), a leader in the print and
information services industry, which combined with Moore Wallace in
2004. As the Company previously disclosed, certain corporate
functions are transitioning from Toronto to its Chicago
headquarters, including its corporate financial and accounting
function. Current Chief Financial Officer Peter Lane will remain in
Toronto. Following the completion of the move to Chicago, Mr. Lane
will retire from the Company and Mr. Stoklosa will succeed him.
Until that time, Messrs. Stoklosa and Lane will work closely
together. "We are delighted to welcome Greg Stoklosa to Hollinger
International. Greg brings great experience in management of a
public company's financial function, strategic perspective, and
expertise in implementing Sarbanes-Oxley requirements. He will
continue our work in imposing disciplines and additional systems to
ensure we are working with efficiency and creating value for
shareholders," said Mr. Paris. "Greg's appointment reflects our
ability to recruit and retain highly talented executives with
admirable track records, and is a testament to our employees'
progress in building a business with bright prospects and the
highest ethical and corporate governance standards." Mr. Paris
continued, "At the same time, we would like to express our deepest
thanks and appreciation to Peter Lane. He has been a critical
contributor to our painstaking and complex work over the past 18
months, as we ensure the accuracy and transparency of our reporting
as well as working to become current in our financial filings. We
are delighted that Peter and Greg will work together closely to
ensure a smooth transition of our finance function to Chicago."
Biographies of Gregory Stoklosa and Peter Lane For 10 years, Mr.
Stoklosa was an executive at R.R. Donnelley & Sons, serving the
last four as Executive Vice President and Chief Financial Officer.
Prior to that, he held positions as Vice President and Corporate
Controller; Chief Strategy Officer; Vice President and Treasurer;
and Assistant Treasurer, Global Corporate Finance. From 1984 to
1993, Mr. Stoklosa was an executive with Kraft General Foods Inc.,
and Dart & Kraft Financial Corporation, where he held a variety
of positions of increasing responsibility. Mr. Lane, a chartered
accountant, has been Vice President and Chief Financial Officer of
Hollinger International since 2002. He rejoined Hollinger
International, after serving as Chief Financial Officer of Southam
Publications from 2000 to 2002, a period during which that entity
was sold by the Company to CanWest Global Communications
Corporation. From 1994 to 1999, Mr. Lane was Chief Financial
Officer of Philip Utilities Management Corporation, a start-up
entity in the public private partnership arena with a focus on the
water treatment industry. Prior to that, Mr. Lane was a partner of
two international public accounting firms: Coopers & Lybrand
(now PricewaterhouseCoopers) from 1990 to 1994, and Ernst &
Young from 1987 to 1990, having joined the latter in 1976. During
his tenure with those firms, Mr. Lane worked primarily in the area
of corporate restructuring and insolvency. About Hollinger
International Hollinger International Inc. is a newspaper publisher
whose assets include The Chicago Sun-Times and a large number of
community newspapers in the Chicago area as well as in Canada.
Certain statements made in this release are "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995 (the "Act"). Forward-looking statements include,
without limitation, any statement that may predict, forecast,
indicate or imply future results, performance or achievements, and
may contain the words "believe," "anticipate," "expect,"
"estimate," "project, "will be," "will continue," "will likely
result," "is subject to," or similar words or phrases. Forward-
looking statements involve risks and uncertainties, which may cause
actual results to differ materially from the forward-looking
statements. The risks and uncertainties are detailed from time to
time in reports filed by Hollinger International with the
Securities and Exchange Commission, including in its Forms 10-K and
10-Q and include a potential delisting by the NYSE of the Company's
Class A Common Stock. New risk factors emerge from time to time and
it is not possible for management to predict all such risk factors,
nor can it assess the impact of all such risk factors on the
Company's business or the extent to which any factor, or
combination of factors, may cause actual results to differ
materially from those contained in any forward-looking statements.
Given these risks and uncertainties, investors should not place
undue reliance on forward-looking statements as a prediction of
actual results. Hollinger International Contacts: US/Canada Media
Molly Morse Kekst and Company 212-521-4826 UK Media Jeremy Fielding
Kekst and Company 1-212-521-4825 DATASOURCE: Hollinger
International Inc. CONTACT: Molly Morse, Kekst and Company,
US/Canada Media, +1-212-521-4826, ; Jeremy Fielding, Kekst and
Company, UK Media, +1-212-521-4825,
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