Leadership Changes at Lee Enterprises, Inc.
Lee Enterprises, Incorporated (NASDAQ: LEE) recently made headlines with the announcement regarding their Chief Financial Officer, Tim Millage. After nearly a decade of steadfast leadership, Millage will be departing the company early next year to embark on a new journey as an Executive Pastor at a local church.
Reflections on his Tenure
In his heartfelt statement, Millage expressed immense gratitude for his time at Lee Enterprises, stating, “Serving Lee has been one of the greatest privileges of my professional life.” His decision reflects a deep commitment to his faith, indicating a shift from corporate responsibilities to a more pastoral role. Millage emphasized his confidence in the company’s future, thanks to the ongoing success of their Three Pillar Digital Growth Strategy.
The Digital Growth Strategy
This innovative strategy has been pivotal in transforming the company's revenue structure and enhancing digital margins, positioning Lee Enterprises for sustainable value creation in the long run. Millage’s leadership during this transformation has placed the company on a promising trajectory.
Appreciation from the Leadership
Kevin Mowbray, President and CEO of Lee Enterprises, commended Millage for his integrity and dedication, acknowledging the significant contributions he made towards the company’s advancement. Mowbray conveyed a sense of loss at Millage's departure while expressing support for his decision to pursue a calling outside of the corporate sphere.
Next Steps for Lee Enterprises
With Millage’s resignation set to be effective on February 28, 2026, the company is actively searching for a new Chief Financial Officer. Until then, Millage has agreed to assist with consulting services, extending his support through May 31, 2026. This transition period is crucial as the company seeks a successor who will continue to bolster its financial leadership.
About Lee Enterprises
Lee Enterprises stands as a formidable subscription and advertising platform, renowned for providing local news and information. With a diverse portfolio that includes daily newspapers and nearly 350 weekly and specialty publications, Lee serves an impressive 72 markets across 25 states. Their mission revolves around delivering valuable, localized content that resonates with the communities they serve.
Commitment to Local Journalism
The company is dedicated to maintaining and enhancing the quality of local news, reinforcing its significance in areas such as St. Louis, Buffalo, Omaha, and many others. Lee is not just a news distributor; it plays a vital role in the communities, shaping public discourse and providing a trusted source of information.
For any inquiries, please feel free to reach out via email at IR@lee.net or call (563) 383-2100.
Frequently Asked Questions
Who is the departing CFO of Lee Enterprises?
The CFO, Tim Millage, will be leaving to pursue a calling outside of corporate life.
What position will Tim Millage take after leaving Lee Enterprises?
Tim Millage will become an Executive Pastor at Coram Deo Bible Church.
When is Millage's resignation effective?
Millage's resignation will be effective on February 28, 2026.
What strategy is contributing to Lee Enterprises' success?
The Three Pillar Digital Growth Strategy is significantly enhancing revenue and digital margins for the company.
How can I contact Lee Enterprises for more information?
You can contact Lee Enterprises at IR@lee.net or by calling (563) 383-2100.
