FP Newspapers Inc. Announces Changes to Officers

Rhea-AI Summary

FP Newspapers Inc. (FPNUF) announced significant leadership changes, with President and CEO Bob Silver and Publisher Bob Cox stepping down effective July 25, 2022. Silver will remain as chairman, while Cox will assist in an advisory role until early 2023. Silver acknowledged Cox's 17 years of contributions, particularly during the pandemic's impact on the business. The company will welcome Mike Power as the new President and CEO, noting his extensive experience across consumer and technology sectors, expected to enhance FPI's strategic direction.

Positive

• Appointment of Mike Power as new President and CEO, bringing 20 years of experience.
• Bob Cox remains available in an advisory capacity until early 2023 to facilitate the transition.

Negative

• Departure of key executives may lead to uncertainty during the transition period.

WINNIPEG, MB / ACCESSWIRE / July 12, 2022 / FP NEWSPAPERS INC. (TSXV:FP) ("FPI") announced today that its President and CEO, Bob Silver, is stepping down from the role effective July 25, 2022 but will continue as chairman of the Board of Directors of FPI.

FPI also announced that its Publisher, Bob Cox, will be stepping down from the role effective July 25, 2022 and will continue in an advisory capacity until early 2023 to assist in the transition.

"We thank Bob for his contributions to FPI over the past 17 years," said Bob Silver, President and CEO. "Bob has helped move our strategy forward including most recently, navigating through the business impacts of a global pandemic. We wish him well in his future endeavors."

"It has been a great pleasure to work with the dynamic and innovative teams at FPI over the past 16 years," said Bob Cox. "I continue to have great confidence in the passionate people of FPI and their ability to face tough industry challenges, transform the business and continue to champion the important role of quality journalism in our country. I want to thank Bob Silver for his tremendous support and leadership and the entire executive team, who I consider to be not just colleagues, but friends."

"We are thrilled to welcome Mike Power" said Bob Silver, "who will be taking on the role of President and CEO effective July 25, 2022. With a 20 year career, spanning various consumer and technology-focused industries, FPI will benefit from Mike's strategic financial and leadership insights.

For further information please contact:

Ryan Kolaski, CFO
FP NEWSPAPERS INC.
Phone 204-771-1897

SOURCE: FP Newspapers Inc.

View source version on accesswire.com:
https://www.accesswire.com/708294/FP-Newspapers-Inc-Announces-Changes-to-Officers

FAQ

Who is the new President and CEO of FP Newspapers Inc. as of July 2022?

Mike Power is the new President and CEO of FP Newspapers Inc. effective July 25, 2022.

What positions did Bob Silver and Bob Cox hold at FP Newspapers Inc.?

Bob Silver was President and CEO, while Bob Cox was Publisher of FP Newspapers Inc.

Why are Bob Silver and Bob Cox stepping down from their roles at FP Newspapers Inc.?

Bob Silver and Bob Cox are stepping down to allow for new leadership, with Silver continuing as chairman and Cox transitioning to an advisory role.

What experience does Mike Power bring to FP Newspapers Inc.?

Mike Power has a 20-year career spanning various consumer and technology-focused industries.