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Ted Olt succeeds Dana Waterman in key Lee Enterprises role
DAVENPORT, Iowa, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Theodore F. Olt III has been elected by the board of directors of Lee Enterprises, Incorporated (NASDAQ:
About this update from Lee Enterprises, Incorporated
[{"type":"text","content":"DAVENPORT, Iowa, Dec. 06, 2023 (GLOBE NEWSWIRE) -- 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 t...