By: E&P Staff Paul M. Bonaiuto, Journal Communications Inc.'s chief financial officer during its transition from a private to publicly traded company, plans to retire from the Milwaukee Journal Sentinel publisher once a successor is found later this year.
"Paul played an integral role in our successful 2003 initial public offering, and a key leadership role in numerous operational and strategic efforts," Chairman and CEO Steven J. Smith said in a statement. "For example, Paul oversaw the planning and construction of Journal Sentinel's $113 million state-of-the art production facility, helped lead the NorthStar Print Group and Norlight Telecommunications divestitures, made significant contributions on numerous broadcast acquisitions, and has been instrumental in improving the performance of our printing businesses."
Bonaiuto, who also had the title executive vice president, served as CFO since 1996.
Spencer Stuart has been retained to conduct a national search for his replacement, who will also lead Journal Communications' strategy and business development with the title executive vice president/finance and strategy.
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