The chief financial officer for Postmedia Network Inc. will be leaving the struggling newspaper chain at the end of February, just months after he was identified as one of five senior executives eligible for retention bonuses totalling $2.275 million. Postmedia didn’t announce a reason for the departure of CFO Doug Lamb, scheduled for Feb. 28, but chief executive Paul Godfrey said he has “our tremendous thanks” for being Postmedia’s CFO since the company was created in 2010. Lamb is the second Postmedia executive to leave after receiving such a bonus, including general counsel Jeffrey Haar at the end of November. Haar had been eligible for up to $300,000 in retention bonuses. The announcement of Lamb’s departure on Friday came on the heels of a series of buyouts and layoffs by Postmedia.

Source: thestar January 27, 2017 18:36 UTC