Gracia Martore to Be Gannett’s Chief Financial Officer
McLEAN, VA – Gracia Martore will become chief financial officer of Gannett Co., Inc. (NYSE – GCI) on Jan. 1, 2003, Chairman, President and CEO Douglas H. McCorkindale said today.
Martore will assume the CFO duties from Larry Miller, who will remain Gannett’s executive vice president for operations. Martore will remain a senior vice president and will continue to handle the company’s Investor Relations duties. She becomes a member of the Gannett Management Committee.
She is the first woman at Gannett to hold the CFO title.
“Gracia Martore’s finance skills, her experience as Gannett’s treasurer and her reputation on Wall Street make her the ideal successor to Larry Miller as CFO of Gannett,” McCorkindale said. “She is an energetic and trusted member of our management team.”
“Larry Miller is a hard act to follow in the world of finance. We are very fortunate he has agreed to continue to work with me on operations and to share the wisdom of more than 40 years with the company,” McCorkindale said.
Martore joined Gannett in 1985 as assistant treasurer. She was named vice president/Treasury services in 1993. She was given responsibility for Investor Relations in 1996 and was named a senior vice president last year.
She is a native of Boston and a graduate of Wellesley College, where she received a B.A. in history and political science. Prior to Gannett, Martore worked for 12 years in the banking industry. She is married to Joseph Martore and has two children.
Michael Hart, currently the company’s assistant treasurer, will become vice president and treasurer, succeeding Martore. Hart has a B.A. in art from the University of Iowa. He worked for 13 years in the banking industry as a specialist in corporate banking prior to joining to Gannett in 2000.
“Michael Hart excelled from the moment he joined Gannett’s Treasury. We are pleased to put him in charge of that fine operation,” McCorkindale said.
Gannett Co., Inc. is a leading international news and information company that publishes 94 daily newspapers in the USA, including USA TODAY, the nation’s largest-selling daily newspaper. The company also owns in excess of 400 non-daily publications in the USA and USA WEEKEND, a weekly newspaper magazine. Gannett subsidiary Newsquest is the United Kingdom’s second largest regional newspaper company. Newsquest publishes more than 300 titles, including 15 daily newspapers, and a network of prize-winning Web sites. Gannett also operates 22 television stations in the United States and is an Internet leader with sites sponsored by its TV stations and newspapers including USATODAY.com, one of the most popular news sites on the Web.