Gannett Adds Citi Ex-Honcho to Board

Marjorie Magner becomes the 10th director at the big publisher.
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Gannett

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named former

Citigroup

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honcho Marjorie Magner to its board.

The McLean, Va., newspaper publisher said Magner would join the board Feb. 1, expanding its membership to 10 directors. She was chairman and chief executive of Citigroup's Global Consumer Group before the New York financial giant's new chief, Charles Prince,

shoved her aside last fall in a vast restructuring. Magner said at the time that she had "reached a turning point in my life and my career" and rattled off a number of fields that she might turn up in, including academia, philanthropy and entertainment.

"Marge is well respected in the world of business and finance, so we are extremely pleased that she chose to join Gannett's Board after her outstanding career at Citigroup," said Gannett chief Craig A. Dubow. "Her character and knowledge will be strong assets to Gannett."

On Tuesday, Gannett shares rose 18 cents to $64.46.