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Postmedia Announces Changes to Board of Directors

Chair Rod Phillips Steps Down to Seek Nomination
Paul Godfrey Appointed Executive Chairman and Chief Executive Officer
Peter Sharpe Appointed Lead Director

TORONTO--(BUSINESS WIRE)-- Postmedia Network Canada Corp. today announced that Board Chair Rod Phillips has tendered his resignation in order to seek the Progressive Conservative nomination in the riding of Ajax in Ontario's upcoming provincial election. Mr. Phillips has served as Chair of the Board of Postmedia since February, 2014.

Also announced today is the appointment of Paul Godfrey as Executive Chairman, in addition to his role as Chief Executive Officer, and Peter Sharpe as Lead Director, of both Postmedia Network Canada Corp. and its subsidiary Postmedia Network Inc. (referred to collectively as “Postmedia”).

Mr. Godfrey has led Postmedia since it was formed in 2010. Mr. Sharpe is a founding director of Postmedia and has served as a committee chair for seven years.

“On behalf of the board of directors and senior management team at Postmedia, we thank Rod for his dedicated leadership and wish him tremendous success in his political career,” said Paul Godfrey, Executive Chairman and Chief Executive Officer, Postmedia. “On a personal note, I have known Rod for more than 20 years and I am confident that his strong integrity, insight and collaborative approach will serve the citizens of Ajax very well.”

About Postmedia Network Canada Corp.

Postmedia Network Canada Corp. (TSX:PNC.A, PNC.B) is the holding company that owns Postmedia Network Inc., a Canadian newsmedia company representing more than 200 brands across multiple print, online, and mobile platforms. Award-winning journalists and innovative product development teams bring engaging content to millions of people every week whenever and wherever they want it. This exceptional content, reach and scope offers advertisers and marketers compelling solutions to effectively reach target audiences. For more information, visit www.postmedia.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171116006252/en/

Postmedia
Media Contact
Phyllise Gelfand, 416-442-2936
Vice President, Communications
pgelfand@postmedia.com

Source: Postmedia Network Canada Corp.