By: E&P Staff Peter White, the lone associate of Conrad Black who still had a business relationship with the former press baron's holding company Hollinger Inc., has been terminated as a consultant, the company announced Wednesday.
Hollinger Inc. owns an approximately 66.8% voting and 17.4% equity interest in Hollinger International, publisher of the Chicago Sun-Times and numerous other Chicago-area dailies and weeklies.
In its bimonthly "status update" to securities regulators in Canada, Hollinger Inc. said that 10 Toronto St. Inc, its indirect, wholly owned subsidiary, "has terminated the consulting agreement" with Peter G. White Management, a company controlled by White, effective May 31.
Hollinger also noted its motion to a Canadian court seeking an order to remove White as a Hollinger director had been adjourned to June 1.
Earlier this week, Hollinger announced that it had named two directors to serve as its top executives. Effective May 16, Paul A. Carroll became president and CEO, while Robert J. Metcalfe was named executive vice president and COO. The two will remain on the board and Gordon W. Walker will continue as the non-executive chairman of the board, Hollinger said.
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