Mary Junck, Lee Enterprises executive chairwoman, Kevin Mowbray and Herb Moloney were re-elected to the board of directors Feb. 20, Lee’s Dispatch-Argus reported.
Junck, who was elected as executive chairman in 2016, is set to move out of her job, but go on as chairman of the board of directors. Kevin Mowbray became president and chief executive officer in 2016.
Davenport, Iowa-based Lee has also announced the repurchase of up to $10,000,000 of the company’s common stock over the next 24 months. Under the program, the company may purchase its shares from time to time in the open market or in privately negotiated transactions. The amount and timing of the purchases will depend on a number of factors including the price and availability of the Company’s shares, trading volume, capital availability, debt covenant restrictions, Company performance and general economic and market conditions, the company says.
Lee has daily newspapers, digital products and nearly 300 weekly and specialty publications serving 49 markets in 20 states.