Paul Godfrey is stepping down as CEO of Postmedia Network Canada Corp. but will remain as executive chairman of the company, which owns the National Post, other newspapers and digital publications.
Andrew MacLeod, who has been Godfrey's second in command since 2016, becomes Postmedia's chief executive officer.
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Martin O'Hanlon, national president of CWA Canada — which represents workers at several Postmedia newspapers — said in a statement that "it's just a shame" that Godfrey didn't step aside years ago.
O'Hanlon said it was "especially galling" that Godfrey's compensation package for fiscal 2018 rose to $5 million, from $1.7 million a year earlier, while staff took concessions on pension and benefits.
