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Microcap & Penny Stocks : GBFE - GOLDEN BOOKS FAMILY ENTMT INC

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To: RSkarsten who wrote (60)1/4/1999 10:50:00 PM
From: JEM  Read Replies (2) of 476
 
Golden Books Appoints New Chief Financial Officer

Business Wire - January 04, 1999 20:22

NEW YORK--(BUSINESS WIRE)--Jan. 4, 1999--Golden Books Family Entertainment, Inc. (NASDAQ: GBFE) today announced the promotion of Colin Finkelstein to Chief Financial Officer. Finkelstein will be replacing John Ferrara who will be leaving the company to pursue other interests.

Finkelstein has held a number of key positions since he joined the company in May 1996, most recently as Executive Vice President and General Manager of the Children's Publishing Group. He also has served as the CFO of Children's Publishing and as Vice President of Finance of all of Golden Books Family Entertainment.

"Along with more than 10 years of financial and management experience, Colin brings with him a tremendous dedication to turning Golden Books around," said Richard E. Snyder, Chairman and Chief Executive Officer. "I am confident that Colin's intelligence, experience and hard work will contribute significantly to our financial progress. Of course, John Ferrara's contributions are greatly appreciated, and we wish him well."

Before joining Golden Books, Finkelstein worked with EMI Music for seven years, most recently as Vice President of Finance and Controller for the company worldwide. Prior to joining EMI, he spent two years with the accounting firm of Laventhol and Horwath in New York and two years in South Africa managing his own business.

Golden Books Family Entertainment, Inc., is the leading children's book publisher in North America. The Company owns one of the world's largest libraries of family entertainment copyrights and creates, publishes and markets entertainment products for children and families through all media.

CONTACT: Philip Galanes
Golden Books Family Entertainment
212-547-4466
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