MONTREAL, March 6,
2025 /CNW/ - Yellow Pages Limited (TSX: Y) (the
"Company" or "YP"), a leading Canadian digital media and marketing
company, announced today that David A.
Eckert, Chief Executive Officer, will retire on July 15, 2025, on the expiry of his existing
employment agreement. Sherilyn
King has been appointed President and to the Company's Board
of Directors effective today and will become President and Chief
Executive Officer upon Mr. Eckert's retirement.
Rob Hall, Chair of the Board of
Yellow Pages Limited, said "David has been a superb CEO. He
transformed the Company, leading a management team that achieved
strong profitability, repaid all of YP's debt, and returned over
$230 million to shareholders over the
past 7½ years – while at the same time significantly improving the
funding position of the Company's defined benefit pension
plan."
"Sherilyn King's successful
leadership of our Sales, Marketing, and Customer Service groups has
led to great progress in 'bending the revenue curve' and our march
toward revenue stability. In addition, now 'SK' will be able to
participate more directly in the strategic and operational
leadership of the Company. We congratulate SK on her impressive
career journey to date at YP, from Sales Administration Clerk in
1996 to President and CEO in 2025, and look forward to her
continued success in driving toward revenue stability," said Mr.
Hall.
Mr. Eckert said "It has been my honor to be a part of such a
great team at YP. I know that I will be leaving the Company
in supremely capable hands."
Ms. King said "Thanks to David for all his hard work in laying
the foundation for our future success. We have tremendous talent
throughout the Company that will enable us to continue our path to
'bend the revenue curve' while delivering on our commitments to our
customers, shareholders, and employees."
The Company also announced that Assunta
Tortis has been appointed Corporate Vice President of
Finance. Mr. Eckert stated that "since first joining the Company in
2003 from a background of public accounting at Anderson and Deloitte, Assunta has contributed
extensively across our finance groups. Since 2018, Assunta has done
a terrific job as our corporate controller. She is uniquely
qualified to lead our entire finance group, which I anticipate she
will transition into later this year."
Finally, the Company announced that Franco Sciannamblo has decided to leave YP
alongside Mr. Eckert, after a period of transition of his duties in
the coming months. Mr. Eckert stated that "Franco has been with our
Company for 11 years, the past 6½ years as CFO. Nobody could have
done a better job as our CFO than Franco has. We wish him the very
best and look forward to reading about his continued successes in
the coming years."
About Yellow Pages Limited
Yellow Pages Limited (TSX: Y) is a Canadian digital media and
marketing company that creates opportunities for buyers and sellers
to interact and transact in the local economy. Yellow Pages holds
some of Canada's leading local
online properties including YP.ca, Canada411 and 411.ca. The
Company also holds the YP, Canada411 and 411 mobile applications
and Yellow Pages print directories. For more information visit
www.corporate.yp.ca.
SOURCE Yellow Pages Limited
