Sun-Times Media Group Names New Finance Head as CFO Resigns

By: E&P Staff

Sun-Times Media Group Inc. Friday announced William Barker III will become senior vice president, finance effective Feb. 19, replacing
CFO Greg Stoklosa, who the newspaper company said resigned to “pursue other opportunities” after two years on the job.

Sun-Times said Barker, 48, will assume the CFO post when the chain’s 2006 audit is completed.

CEO Cyrus F. Freidheim Jr. said Barker “has excellent financial experience and a clear vision of what is required to manage the recovery of this great Chicago enterprise.”

Sun-Times, formerly known as Hollinger International Inc., has been trying to recover from the financial wreckage of the reign of former Chairman Conrad M. Black, who the company accuses of “looting” $400 million over eight years in conspiracy with other top Hollinger executives. Black and three other former executives go on trial in Chicago next month on federal criminal fraud and racketeering charges.

In additon to the flagship Chicago Sun-Times, the company publishes about 100 daily and community papers in the greater Chicagoland market.

Barker has spent much of his career with PepsiCo, Inc. and its subsidiary, Chicago-based Quaker Oats.

He served as corporate controller of Quaker Oats and most recently was vice president, finance and strategy for the Gatorade business.

He is a 1981 graduate of Dartmouth College, and received an M.B.A. in finance and accounting from Northwestern University in 1986.

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