Reach PLC Directorate Change (9924G)
29 July 2019 - 4:07PM
UK Regulatory
TIDMRCH
RNS Number : 9924G
Reach PLC
29 July 2019
29 July 2019
This announcement contains inside information.
Reach plc
Directorate change
The Board of Reach plc ("Reach") confirms that Simon Fox will be
stepping down from his position as Chief Executive on 16 August
2019 to be succeeded by Jim Mullen.
Jim was most recently Chief Executive of Ladbroke Coral plc. His
previous roles include Director of Product Management and Director
of Digital Strategy at News International, and eleven years in the
advertising industry.
Nick Prettejohn, Chairman of Reach said: "I would like to thank
Simon for the great job he has done over the past seven years. As
the first half results demonstrate, he leaves Reach in very good
health, with a strong balance sheet and real progress in developing
the business for the future. We have an excellent successor in Jim
and I am pleased to have a seamless transition."
Simon Fox said: "There is never an ideal time to leave an
organisation, but if there were it would be now. The integration of
the Express and Star has been successfully completed, digital
growth is accelerating and our trading and cash position are
strong. I am proud of what has been achieved and will provide Jim
with whatever support is required to ensure a smooth handover."
Jim Mullen said: "I am delighted to be joining Reach at such an
exciting time and look forward to building upon its digital
transformation".
The person who arranged for the release of this announcement on
behalf of Reach was Simon Fuller, Chief Financial Officer and
Company Secretary.
Enquiries
Reach plc
Nick Prettejohn, Chairman
Simon Fox, Chief Executive 020 7293 3553
Brunswick
Nick Cosgrove, Partner 020 7404 5959
Will Medvei, Director
About Reach plc
Reach plc is a media company providing digital and print
coverage of news, sport, entertainment and more. Our titles include
national brands such as the Daily Mirror, the Daily Express and the
Daily Record, as well as many prominent regional news titles, two
celebrity magazines and a network of over 70 websites. We reach
audiences in every region of the UK across our multiple platforms.
In 2018 we sold 620 million newspapers and had over one billion
online page views every month, making us the leading UK news
publisher.
Regulatory disclosure
Reach confirms that there are no details to disclose in respect
of Listing Rule 9.6.13R. Mr Mullen is currently a non-executive
director of Racecourse Media Group Limited.
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END
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