Just a week after a Canadian judge removed them as directors of Hollinger Incorporated [H-Inc], Barbara Amiel-Black and David Radler have quit their executive roles at the company.
The duo, wife of erstwhile chairman Lord Conrad Black and the peer's close ally, resigned their roles - Amiel-Black as vp of editorial and Radler as deputy chairman, president and co-chief operating officer.
Director Gordon Walker has been named as chairman and Donald Vales has been appointed president of the company through which Lord Black controlled his media empire, including The Chicago Sun-Times and the UK Telegraph group. The latter was bought earlier this year, against Lord Black's wishes, by the Barclay Brothers.
H-Inc has a 18.2% share in publisher Hollinger International [H-Intl] which is embroiled in a $542 million (€411m, £288m) lawsuit with the Blacks, Radler and others over the alleged diversion into their own pockets of huge amounts of company cash.
Lord Black, Radler and H-Inc have been charged with fraud by the US Securities and Exchange Commission [WAMN: 16-Nov-2004].
Data sourced from New York Times; additional content by WARC staff