Hollinger directors resign, Aziz named CRO

By Caroline Salls

Pittsburgh, July 16 - Hollinger Inc.'s two remaining directors, Stanley Beck and David Rattee, resigned Wednesday from the company's board of directors, according to a news release.

William E. Aziz has been appointed chief restructuring officer of the company under an agreement with BlueTree Advisors Inc.

As CRO, Hollinger said Aziz will assume the responsibilities that would otherwise be carried out by the board of directors, subject to the oversight of court-appointed monitor Ernst & Young Inc. and the Canadian court.

In addition, Hollinger said John D. Ground has been appointed as litigation trustee to administer the company's litigation assets, with the help of an advisory committee.

Toronto-based Hollinger's principal asset is Hollinger International, which is a newspaper publisher that owns the Chicago Sun-Times. Hollinger filed its CCAA proceedings and Chapter 15 bankruptcy on Aug. 1, 2007. Its Chapter 15 case number, in the U.S. Bankruptcy Court for the Southern District of New York, is 07-11029.

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