Business
Yellow Pages Limited Announces Departure of CEO and Appointment of Interim CEO
Yellow Pages Limited Announces Departure of CEO and Appointment of Interim CEO Can...
About this update from Yellow Pages Ltd.
[{"type":"text","content":"\n\n\n\nYellow Pages Limited Announces Departure of CEO and Appointment of Interim CEO\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMONTREAL, July 26, 2017\n\n\n\nMONTREAL, July 26, 2017 /CNW Telbec/ - Yellow Pages Limited (TSX: Y) (\"Yellow Pages\" or the \"Corporation\"), announced today the departure of Mr. Julien Billot, President and Chief Executive Officer of the Corporation. The Yellow Pages Board of Directors has named Ken Taylor, the Corporation's current Chief Financial Officer, interim President and CEO and commenced the process of identifying a permanent successor.\n\nRobert MacLellan, Chairman of the Board of Directors of Yellow Pages, commented, \"Yellow Pages is a profitable business that delivers innovative digital products to small and medium-sized enterprises across Canada, with strong cash generation and a leading market position. We believe that Yellow Pages can do more to deliver on its potential by placing greater emphasis on operational performance, execution and shareholder returns.\"\n\nMr. MacLellan continued, \"Since 2014, under Julien's leadership, Yellow Pages successfully transitioned to a business that now generates approximately 70% of its revenue from digital, an important achievement. We thank him for his efforts and wish him success in his future endeavors\".\n\nKen Taylor, the interim President and CEO, joined Yellow Pages in March 2017. He has over 25 years of executive leadership, banking, financial and operational experience with multiple technology companies. He has served as a director of Sandvine Corporation, CFO at BTI Systems and March Networks Corporation, Vice President, Finance at Newbridge Networks Corporation and Vice President, Strategic Initiatives at Alcatel. Mr. Taylor is a seasoned executive with capital markets experience who has regularly led the development of corporate growth strategies and provided the financial and operational leadership necessary for subsequent execution.\n\n\"Yellow Pages will continue to focus on initiatives that drive profitability and free cash flow growth as we make i...