Tim Millage Resigns from Lee Enterprises
Lee Enterprises, Incorporated (NASDAQ: LEE) has confirmed the resignation of Chief Financial Officer, Tim Millage, who will be leaving the company to pursue a full-time position outside the corporate world. Millage has made a significant contribution to Lee over the past decade and plans to take on the role of Executive Pastor at Coram Deo Bible Church.
Millage's Contributions to Lee Enterprises
In reflecting on his time at Lee, Millage expressed gratitude, stating, "Serving Lee has been one of the greatest privileges of my professional life." He noted his excitement for the opportunity to dedicate time to the church, while also sharing his confidence in the direction Lee is heading. He commended the company for effectively executing its Three Pillar Digital Growth Strategy, which has been transforming its revenue composition while supporting sustainable growth.
Leadership Comments on Millage’s Departure
Kevin Mowbray, President and CEO of Lee Enterprises, shared his appreciation for Millage’s impact on the company's success. He acknowledged Millage's strong leadership and financial expertise, emphasizing that his contributions were crucial in advancing the organization. Mowbray conveyed full support for Millage's decision, wishing him well as he embarks on this new journey.
Search for New Chief Financial Officer
Following Millage’s announcement, Lee Enterprises has commenced the search for a new Chief Financial Officer. Millage’s resignation becomes effective February 28, 2026, but he is committed to assisting Lee with consulting services until May 31, 2026. This transition period will help ensure that the incoming CFO is well integrated into the company’s financial strategies and operations.
About Lee Enterprises
Lee Enterprises is an influential player in the subscription and advertising industry, providing local news and information. With a broad portfolio, including daily newspapers and nearly 350 weekly publications across various markets, the company is dedicated to delivering essential local news to the communities it serves. These markets extend across 25 states, providing audiences with targeted and relevant content.
Lee Enterprises' Commitment to Local Journalism
Lee Enterprises understands the importance of local journalism and aims to foster community engagement through its media offerings. As the company continues to innovate in digital solutions and expand its reach, it remains focused on its mission to provide intensely local news, thus enhancing community connections.
Contact Information
If you wish to learn more about Lee Enterprises or get in touch, you can reach them at:
IR@lee.net
(563) 383-2100
Frequently Asked Questions
1. Who is the new Chief Financial Officer at Lee Enterprises?
The search for a new CFO has just begun following Tim Millage's resignation.
2. Why is Tim Millage leaving Lee Enterprises?
Tim Millage is leaving to pursue a role as Executive Pastor at Coram Deo Bible Church.
3. When will Millage's resignation take effect?
Millage's resignation will be effective on February 28, 2026.
4. What is the Three Pillar Digital Growth Strategy?
It is a strategy focused on transforming revenue composition and growing digital margins.
5. How can I contact Lee Enterprises?
You can contact them via email at IR@lee.net or call (563) 383-2100.
