Journal EVP/CFO Paul Bonaiuto To Retire
May 12, 2008 at 3:59 PM (PT)
JOURNAL COMMUNICATIONS has announced the resignation of EVP/CFO PAUL M. BONAIUTO, who will leave the Company later this year. The Company has retained SPENCER STUART to conduct a national search for a replacement, who will also lead the Company’s strategy and business development activities as EVP/Finance and Strategy. BONAIUTO plans to continue in his current role until a successor is found and will then assist in the transition.
"PAUL’s excellent operational, strategic and financial background has served JOURNAL COMMUNICATIONS well, both as a private company and as a public company," Chair./CEO STEVEN J. SMITH stated. "PAUL played an integral role in our successful 2003 initial public offering, and a key leadership role in numerous operational and strategic efforts. He also has built a strong financial team both in our corporate group and operating businesses and will leave behind a legacy of integrity."