Neuharth Leaving Board of Newspaper
Mar. 23, 1989
WASHINGTON (AP) _ Allen H. Neuharth will step down from the board of directors of Gannett Co. Inc. on April 27, a move that follows his retirement as chairman of the media giant at the end of the month.
''I am convinced that when a retired former CEO remains on the board of directors of a corporation, his/her mere presence is often an inhibiting factor,'' Neuharth said Wednesday in a statement released from corporate headquarters in suburban Arlington, Va. ''I do not wish to risk bridling either my successor or the board in any way.''
The board resignation will take effect at the annual shareholders' meeting in Chicago.
Neuhart, who turned 65 Wednesday, will be succeeded as chairman by John J. Curley, president and chief executive officer of Gannett.
Neuharth has been a director on Gannett's board since 1964. Neuharth remains chairman of the Gannett Foundation, which moves from Rochester, N.Y., to the Washington area next fall. He also will continue to write his weekly columnm for the Friday editions of USA Today.
In making his announcement to the board of directors, which met here Wednesday, Neuharth said: ''As you know, my primary purpose for the past couple of years has been to make certain that the transition of management at Gannett be orderly and effective. With my retirement as chairman next week, and with John Curley succeeding me, that goal will be achieved.''
Neuharth's present term as a director expires in 1991. He would have been eligible for election to another three-year term at that time.