Lee Enterprises Elects Dr. Shaun McAlmont to Board of Directors
10 May 2022 - 7:35AM
Lee Enterprises, Incorporated (NASDAQ: LEE), a leading
provider of high quality, trusted, local news, information and a
major platform for advertising in 77 markets, announced today that
Dr. Shaun McAlmont has been elected to the Company’s Board,
effective immediately.
Dr. McAlmont is a seasoned executive with deep experience
overseeing successful digital transformations, change management
and strategic partnerships. McAlmont is President and CEO of
NINJIO, LLC, a cybersecurity training company, and a member of the
Board of Directors of BorgWarner (NYSE: BWA). Previously, McAlmont
was President of Career Learning at Stride, Inc. (NYSE: LRN), a
$1.5 billion technology-based education company, where he led a
multi-year digital transformation that doubled the size of the
career learning business through the introduction of new IT,
business and healthcare career training programs, three
acquisitions, and strategic corporate and higher education
partnerships.
“On behalf of the Lee Board of Directors, I’m pleased to welcome
Shaun to the Board. He brings specific qualifications the Board was
seeking to add, including extensive, hands-on involvement leading
successful digital transformations and executive leadership and
public company board experience,” commented Mary Junck, Chairman of
Lee Enterprises. “Shaun’s appointment is the result of an intensive
and deliberative search that began last summer as part of our
continual efforts to ensure Lee’s Board is comprised of directors
with the right skills and experience to oversee our continued
digital growth and transformation. We look forward to benefitting
from Shaun’s perspective and expertise.”
“I welcome the opportunity to work with my new colleagues on the
Board and Lee’s management team to accelerate the company’s ongoing
transformation,” McAlmont said. “Over a 25-year career leading
digital transformations at scale in online learning and workforce
training, I have leveraged past learnings to drive growth and
generate value at several companies. I look forward applying my
expertise and experience at Lee.”
With the addition of Dr. McAlmont, Lee’s Board will be comprised
of nine directors, seven of whom are independent. The Lee Board has
been substantially refreshed over the last three years, with the
addition of four independent directors since 2019. Dr. McAlmont
will serve with the class of directors whose terms expire at the
Company’s 2024 Annual Meeting of Shareholders.
Background on Shaun McAlmont
Dr. McAlmont joined NINJIO as President & CEO in early 2022
after serving as the President of Career Learning at Stride, Inc.
since 2018, where he expanded the market for the company’s virtual
training products, helping to increase shareholder value. Prior to
that, he was the President and CEO of Neumont College of Computer
Science, a for-profit training institution from 2015 to 2017. He
also served as the President and CEO of Lincoln Educational
Services from 2005 to 2015. Dr. McAlmont held senior-level manager
positions at Alta Colleges, where he pioneered online learning at
scale, and Heald Colleges from 1991 to 2005, after starting his
career at Stanford University. Dr. McAlmont received a Bachelor of
Science degree in Psychology from Brigham Young University and
multiple graduate degrees in the education field, including a
Doctorate of Higher Education Management from the University of
Pennsylvania. He recently completed the Board Education Program at
Stanford University Directors College. Over the course of his
career, Dr. McAlmont has assisted multiple major publishers with
their digital transformations and expanded online content access to
students.
About Lee Enterprises, Inc.
Lee Enterprises is a major subscription and advertising
platform and a leading provider of local news and information, with
daily newspapers, rapidly growing digital products and over
350 weekly and specialty publications serving 77 markets in 26
states. Year to date, Lee's newspapers have average daily
circulation of 1.0 million, and our legacy websites, including
acquisitions, reach more than 44 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
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