FP Newspapers Inc Announces Appointment of CFO

Rhea-AI Summary

FP Newspapers Inc. (FP) announced the appointment of Dave Kreklewetz as Chief Financial Officer and Vice-President of Finance and Administration. With 25 years of experience in corporate accounting and finance, Kreklewetz has held senior positions at notable companies such as C&T Rentals & Sales Ltd. and Major Drilling Group International Inc. CEO Mike Power stated that Kreklewetz's diverse financial expertise will bolster FP Newspapers' performance as a leading print and digital media provider in Manitoba. FP Newspapers owns 49% of the distributable cash flow from FP Canadian Newspapers Limited Partnership, which operates the Winnipeg Free Press and other regional publications.

Positive

• Dave Kreklewetz brings 25 years of financial experience to FP Newspapers.
• Kreklewetz's diverse industry expertise may enhance FP's financial performance.
• The appointment aims to strengthen FP as Manitoba's premier media source.

Negative

• None.

WINNIPEG, MB / ACCESSWIRE / March 9, 2023 / FP Newspapers Inc. (TSXV:FP) ("FPI") today announced that Dave Kreklewetz has joined the Company as Chief Financial Officer and Vice-President of Finance and Administration. Mr. Kreklewetz is a senior finance executive with 25 years of experience in corporate accounting and finance.

Mr. Kreklewetz has also held senior accounting and finance positions with a number of public and private Canadian corporations, including C&T Rentals & Sales Ltd., Major Drilling Group International Inc., and The Boyd Group Inc.

"Dave brings both a variety of financial expertise and experience across a diverse group of industries which will help FP Newspapers continue to navigate its financial performance as Manitoba's premiere print and digital media source," said Mike Power, Chief Executive Officer of FP Newspapers Inc.

About FPI

FP Newspapers Inc. owns securities entitling it to 49% of the distributable cash flow of FP Canadian Newspapers Limited Partnership ("FPLP"). FPLP owns and operates the Winnipeg Free Press, along with several other Manitoba based news and media publications that are available in both print and digital formats. The informative and engaging content we produce has an extensive reach throughout the province of Manitoba. The breadth of our reach provides compelling platforms for those looking to effectively reach a Manitoba audience. Further information can be found at www.fpnewspapers.com and in disclosure documents filed by FP Newspapers Inc. with the securities regulatory authorities, available at www.sedar.com.

For further information please contact:

Mike Power, CEO
FP NEWSPAPERS INC.
Phone 204-697-7547

Neither the TSX Venture Exchange Inc. ("Exchange") nor its regulation services provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this press release.

SOURCE: FP Newspapers Inc.

View source version on accesswire.com:
https://www.accesswire.com/743029/FP-Newspapers-Inc-Announces-Appointment-of-CFO

FAQ

Who is the new CFO of FP Newspapers Inc.?

Dave Kreklewetz has been appointed as the new CFO of FP Newspapers Inc.

What experience does Dave Kreklewetz have?

Dave Kreklewetz has 25 years of experience in corporate accounting and finance, having held senior roles in various Canadian corporations.

What impact might Kreklewetz's appointment have on FP Newspapers?

His diverse financial expertise is expected to help FP Newspapers navigate its financial performance more effectively.

What percentage of cash flow does FP Newspapers own?

FP Newspapers owns 49% of the distributable cash flow from FP Canadian Newspapers Limited Partnership.