A few weeks after taking a second medical leave of absence; Craig Dubow has resigned as Chairman and CEO of Gannett Company to focus on his health. President and COO Gracia Martore has been promoted to President and CEO and will take a seat on the board of directors.
Marjorie Magner, an independent director since 2006 who has been chairman of the audit committee, has been named non-executive chairman of the board. Magner is Managing Partner of Brysam Global Partners, a private equity firm investing in financial services firms with a focus on consumer opportunities in emerging markets. Magner left Citigroup in 2005 after 18 years, most recently as Chairman and CEO of the Global Consumer Group. She is also a director of Accenture Ltd. and Ally Financial Inc.
“I’ve been with Gannett for 30 amazing years,” said Dubow. “I am extremely proud of where we are today as a company. We have always maintained an unwavering focus on the consumer. As a result, we have evolved into a digitally led media and marketing solutions company committed to delivering trusted news and information anywhere, anytime. For me, the decision to step down was difficult, but I must now focus on my health and my family. I will miss working with the talented team at Gannett and firmly believe the company’s best days lie ahead. Gannett is in good hands under Gracia’s leadership and well positioned to succeed going forward.”
“During the past six years, Craig has repositioned Gannett as a leading media and marketing solutions company during an extremely challenging time for our industry,” said Magner. She added, “We are very fortunate to have an executive of Gracia’s tenure and caliber in place and ready to lead the ongoing transformation of the company for long-term growth.”
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