FP Newspapers Inc. Announces Appointment of CFO

Rhea-AI Summary

FP Newspapers Inc. (TSXV:FP) announced the appointment of Ryan Kolaski as the new Chief Financial Officer and Vice-President of Finance and Administration, effective October 5, 2020. Kolaski brings 25 years of experience in corporate finance, having previously served as Vice-President of Finance for Postmedia Network Inc. His expertise in the newspaper industry is expected to aid FP Newspapers in adapting its business model for the digital age. The company owns significant publishing assets, including the Winnipeg Free Press and several community newspapers.

Positive

• Ryan Kolaski's extensive experience in corporate finance may enhance financial performance.
• Kolaski's specific knowledge of the newspaper industry could support successful adaptation to digital trends.

Negative

• Change in CFO may disrupt existing financial strategies and continuity.
• Potential experience gaps related to prior management may pose risks.

WINNIPEG, MB / ACCESSWIRE / October 1, 2020 / FP Newspapers Inc. (TSXV:FP) ("FPI") today announced that Ryan Kolaski has joined the Company as Chief Financial Officer and Vice-President of Finance and Administration. Mr. Kolaski is a senior finance executive with 25 years of experience in corporate accounting and finance. Most recently he has been the Vice-President of Finance for Postmedia Network Inc.

Mr. Kolaski has also held senior accounting and finance positions with a number of Canadian corporations, including Clearline Technologies, Kraus Canada LP and Canadian Advanced ESP Inc.

"Ryan brings financial expertise, experience in a variety of fields and specific knowledge of the newspaper industry that will help FP Newspapers continue to develop a successful business model in the digital information age," said Bob Cox, publisher of the Winnipeg Free Press.

Mr. Kolaski will take up his position in Winnipeg on October 5, 2020.

About FPI

FPI owns securities entitling it to 49% of the distributable cash of FP Canadian Newspapers Limited Partnership ("FPLP"). FPLP owns the Winnipeg Free Press, the Brandon Sun, and their related businesses, as well as the Canstar Community News division, the publisher of six community newspapers in the Winnipeg region, and The Carillon in Steinbach with its related commercial printing operations. The businesses employ 364 full-time equivalent people in Winnipeg, Brandon, and Steinbach Manitoba. 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:

Bob Cox, Publisher
FP Newspapers Inc.
Phone (204) 795-8148

SOURCE: FP Newspapers Inc.

View source version on accesswire.com:
https://www.accesswire.com/608806/FP-Newspapers-Inc-Announces-Appointment-of-CFO

FAQ

Who is the new CFO of FP Newspapers Inc.?

Ryan Kolaski has been appointed as the Chief Financial Officer of FP Newspapers Inc.

What is Ryan Kolaski's background?

Ryan Kolaski has 25 years of experience in corporate finance and held senior positions in various Canadian corporations.

When will Kolaski start his new role at FP Newspapers?

Ryan Kolaski will officially take up his position on October 5, 2020.

How does Kolaski's experience benefit FP Newspapers?

Kolaski's background in the newspaper industry and corporate finance is expected to help FP Newspapers adapt to the digital age.