Board of Directors Declares Quarterly Dividend; H. Jesse Arnelle Elected Director
ARLINGTON, Va. — At its regular February meeting, the Gannett board of directors today declared a quarterly dividend of 20 cents per share, payable on April 1, 1999 to shareholders of record on March 5, 1999.
In addition, Gannett directors elected San Francisco attorney H. Jesse Arnelle to the board.
With his election, Gannett directors number 11.
“Jesse Arnelle has had a distinguished career in the business, government, academic and public service sectors,” said John J. Curley, Gannett chairman and CEO. “We welcome the opportunity to benefit from his diverse talents and experience.”
Gannett’s directors serve for staggered terms, with approximately one-third of the board standing for election each year. Arnelle’s term begins March 1, 1999. He joins the class of directors whose term expires May 2000.
Arnelle has been of counsel to Womble, Carlyle, Sandridge & Rice, a law firm in Winston-Salem, North Carolina since 1997. Prior to that, he was a founding partner of the San Francisco law firm of Arnelle, Hastie, McGee, Willis & Greene where he worked from 1985-1997. He also worked at the U.S. Department of Labor, the Peace Corps and was a Public Defender in California.
He is the Immediate Past Chairman of the Board of Trustees of The Pennsylvania State University, and his other board memberships include FPL Group, Inc., Textron Corporation, Eastman Chemical Co., Armstrong World Industries, Waste Management, Inc. and Union Pacific Resources Group, Inc.
Arnelle holds a B.A. from the Pennsylvania State University and an L.L.B. from the Dickinson School of Law.
Gannett is a nationwide news and information company that publishes 75 daily newspapers, including USA TODAY and USA WEEKEND, a newspaper magazine. Gannett also operates 21 television stations and cable television systems in major U.S. markets.