Don Liebentritt Named Chief Restructuring Officer At Tribune
September 8, 2010 at 11:48 AM (PT)
TRIBUNE CO. has named General Counsel DON LIEBENTRITT as Chief Restructuring Officer, overseeing the company's restructuring efforts, and has upped SVP/Deputy General Counsel and Corporate Secretary DAVID ELDERSVELD to General Counsel to replace LIEBENTRITT.
"As we enter the next phase of our Chapter 11 process and begin working with the mediator assigned to oversee negotiations with our creditor constituencies, DON needs to devote all his attention and energy entirely to our restructuring efforts," said CEO RANDY MICHAELS. "He's intimately familiar with the process and what needs to be done to achieve a restructuring plan that can win the votes of our creditors and be approved by the court."
"DAVE has earned this promotion -- he's intelligent, articulate and effective, and has been a great second-in-command," added MICHAELS. "As TRIBUNE has moved through the Chapter 11 process, Dave has stepped up to provide great leadership in our legal department -- his appointment will enable DON to stay focused on our restructuring."
ELDERSVELD said, "TRIBUNE has an extremely talented legal staff. They are dedicated to defending the interests of this company, the exceptional work of the journalists at its media properties and the principal of a free press -- it is a privilege to work with them."