Ted Olt succeeds Dana Waterman in key Lee Enterprises role
06 Diciembre 2023 - 3:00PM
Theodore F. Olt III has been elected by the board of directors of
Lee Enterprises, Incorporated (NASDAQ: LEE) to succeed C. Dana
Waterman III, who is retiring after 34 years as secretary and
general counsel.
“Ted has worked closely with Dana on many key Lee projects for
over two decades, so we know how valuable he will be to Lee in his
new role,” said Mary Junck, chairman of the Lee board. “As we
welcome Ted, we will miss Dana greatly. He has been a wise, beloved
adviser to management, the board and me, serving indispensably
since 1989. He has been a joy to work with all these years.”
Kevin Mowbray, president and chief executive officer of Lee,
added: “I look forward to working closely with Ted as he follows in
Dana’s footsteps. Dana has set exceedingly high marks, and we’re
certain Ted will set new high marks of his own.”
Olt is a graduate of the U.S. Naval Academy and the University
of Iowa College of Law, and joined Lane & Waterman LLP in 1995.
His law practice focuses primarily on corporate and transactional
matters, including corporate law and governance, mergers and
acquisitions, contracts, commercial real estate and environmental
law, and is recognized with Martindale-Hubbel’s highest AV
Preeminent® rating.
He is a member of the Society of Corporate Governance and is
active in the Quad Cities community, currently serving on the board
of directors of Illowa Council Boy Scouts of America as well as
area coordinator for the U.S, Naval Academy Blue & Gold Officer
(Admissions) program. He previously served as board chair for the
Scott County Regional Authority and the Junior Achievement of the
Heartland Central Region.
“It is truly an honor to take on this role with Lee
Enterprises,” Olt said. “I look forward to working with Mary,
Kevin, the board of directors and the entire management team as the
Lee continues its digital transformation. Dana has been a great
mentor and role model over the years, and his recollection of Lee’s
corporate history is incredible. Dana is retiring with big shoes to
fill, but I look forward to the challenge.”
Waterman served in the Lee post since 1989 and previously
assisted in Lee legal matters.
“I have been privileged to work with Mary, Kevin and their
predecessors, as well as the distinguished members of the Lee board
of directors and executive teams, for more than 40 years,” Waterman
said. “In that time, I have had the opportunity to support the
company’s evolution from its historic roots in newspaper publishing
and over-the-air broadcasting to its present role as an
industry-leading digital-first subscription platform, while
upholding its responsibility and commitment to high quality trusted
journalism in the communities it serves. Ted is more than ready to
take the reins and I am confident our transition will be seamless
in every respect.”
Waterman joined Lane & Waterman in 1971 and served as its
managing partner from 2001 to 2016, the fourth generation of the
Waterman family to lead the firm. In 2017, he transitioned to an Of
Counsel role, where he continues to advise business organizations
and individuals on matters related to business structure,
operations, governance, financing, transactions and risk and
compliance issues.
He continues to be active in community service organizations,
serving as board chair of Genesis Health System; as a board member
of the Quad Cities Contributors Council; as a co-trustee and
secretary of The Hubbell-Waterman Foundation; and as a founding
co-trustor of the Quad Cities Cultural Trust. In December 2016, he
was appointed Civilian Aide to the Secretary of the Army for Iowa
(East), serving as the Secretary’s liaison to and supporting her
priorities through engagement with and on behalf of soldiers in the
active Army, National Guard and Army Reserve components, their
families and veterans.
He previously served as board chair of the Quad Cities Chapter
of the American Red Cross, the Iowa Law School Foundation, the
Putnam Museum and Science Center and the Quad Cities Chamber of
Commerce (and several of its affiliate and/or predecessor
organizations), and as a member of the Augustana College board of
trustees. He also serves on the boards of directors of several
privately held companies. In 2015 he was inducted into the Quad
Cities Business Hall of Fame by Junior Achievement of the
Heartland; and in 2020 he was selected as the Quad Cities Chamber
Volunteer of the Year.
Lee Enterprises is a digital-first subscription platform
providing local markets with valuable, high-quality, intensely
local news, information, advertising and marketing services with
daily newspapers, rapidly growing digital products and nearly 350
weekly and specialty publications serving 75 markets in 26 states.
Year to date, Lee’s newspapers have an average daily circulation of
1.0 million, and our legacy websites, including acquisitions, reach
more than 33 million digital unique visitors. Lee’s markets include
St. Louis, MO; Buffalo, NY; Omaha, NE; Richmond, VA; Lincoln, NE;
Madison, WI; Davenport, IA; and Tucson, AZ. Lee Common Stock is
traded on NASDAQ under the symbol LEE. For more information about
Lee, please visit www.lee.net.
Contact:IR@lee.net(563) 383-2100
Photos accompanying this announcement are available at:
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