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
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Reach plc |
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Nick Prettejohn, Chairman Simon Fox, Chief Executive
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020 7293 3553 |
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Brunswick |
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Nick Cosgrove, Partner |
020 7404 5959 |
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Will Medvei, Director |
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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.
