Yel­low Pages CEO leaves, CFO named in­terim CEO

The Guardian (Charlottetown) - - BUSINESS -

MON­TREAL — Yel­low Pages Ltd. (TSX:Y) says chief ex­ec­u­tive Julien Bil­lot has left the com­pany.

The com­pany says the board has named chief fi­nan­cial of­fi­cer Ken Taylor as in­terim chief ex­ec­u­tive and has started a search for a per­ma­nent suc­ces­sor. The com­pany also says it ex­pects to hit its 2017 tar­gets for to­tal rev­enue, ad­justed EBITDA and free cash flow. How­ever, it ex­pects to fall short of its tar­get for dig­i­tal rev­enue growth.

Yel­low Pages says dig­i­tal rev­enue has im­proved but it now ex­pects to fall short of a tar­get of four per cent growth. The com­pany is sched­uled to re­port its sec­ond-quar­ter re­sults on Aug. 10.

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