08.06.2007 20:05:00
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James W. Hall Named Acting CEO During Robert M. Jelenic's Leave of Absence
Journal Register Company (NYSE:JRC) today announced that James W. Hall,
an independent director of the Company, will assume the position of
Acting CEO, while current Chairman and CEO Robert M. Jelenic takes a
leave of absence to undergo treatment for cancer.
Mr. Hall has set up an Operating Committee to work with him on the day
to day operations of the Company. This Committee is composed of three
Journal Register senior executives, including Julie A. Beck, Senior Vice
President and Chief Financial Officer; Edward S. Condra, Senior Vice
President, Operations in charge of the Company’s
Greater Philadelphia, Connecticut and two New York clusters, located in
the Mid-Hudson and Capital-Saratoga regions; and Scott A. Wright, Senior
Vice President, Operations in charge of the Company’s
Michigan and Greater Cleveland clusters.
"Bob is optimistic about his treatment regimen,”
said Mr. Hall. "We will of course give him all
the time he needs to treat his illness. In the meantime, I will be
working with Julie, Ed and Scott to maintain our focus on implementing
the Company’s business plan.”
Mr. Jelenic stated, "While I am clearly
disappointed in my doctors’ recent findings,
I am very optimistic that my course of treatment will be successful, and
I greatly appreciate the support of my family, friends, the Board and
business colleagues as I focus my time on getting well. I look forward
to returning to Journal Register, but, in the meantime, I know the
Company is in the experienced and capable hands of people who know our
strategy and operations.”
From 1990 to 2002, Mr. Hall was Senior Vice President & Chief Investment
Officer – and, effectively, the Chief
Operations Officer – of Working Ventures
Canadian Fund Inc., a start-up of a new mutual fund asset class that he
helped build into the largest investment fund of its kind in Canada.
Prior to that, Mr. Hall was a Vice President at Lloyds Bank Canada,
where he ran the coast-to-coast investment recovery management unit as
well as the Toronto Main Branch. Mr. Hall has been a director at Journal
Register since July 2003. He is also a director at Indigo Books & Music
Inc., TerraVest Income Fund, and Global Credit Pref Corp. He is Chairman
of the Board of Adventus Intellectual Property Inc., and Sole Trustee of
OMERS Trust. Mr. Hall holds an HBA from the Richard Ivey School of
Business, University of Western Ontario.
About Journal Register Company
Journal Register Company is a leading U.S. media company. Journal
Register Company owns 22 daily newspapers and 345 non-daily
publications. Journal Register Company currently operates 226 individual
Web sites that are affiliated with the Company's daily newspapers,
non-daily publications and its network of employment Web sites. These
Web sites can be accessed at www.JournalRegister.com.
All of the Company’s operations are
strategically clustered in six geographic areas: Greater Philadelphia;
Michigan; Connecticut; Greater Cleveland; and the Capital-Saratoga and
Mid-Hudson regions of New York. The Company owns JobsInTheUS, a network
of 19 premier employment Web sites.
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