Ashley Highfield resigns as CEO of Johnston Press
Mr Highfield has agreed with the board that he will not put himself up for re-election at the AGM on June 5.
In a statement, Johnston Press said: “Ashley is leaving for family reasons and in order to fulfil his plans to transition to a be a ‘plural’ non-executive director as the next phase of his career. “
Camilla Rhodes, chairman of Johnston Press, said: “On behalf of the board, I would like to thank Ashley for his significant contribution since becoming CEO in 2011. We are sorry that he felt that his personal circumstances required a change at this time.
“Ashley oversaw the successful acquisition of the i newspaper, has driven growth in our digital footprint, while making substantial progress in reorganising and restructuring our business. We wish him every success in the next phase of his career. I am pleased to announce that David King will step up to become CEO. David has worked closely with the board on our strategic review of financing options. I am confident that David will prove to be a strong leader and his transition to the CEO role provides stability to the business at this important time.”
Mr Highfield said: “I have been privileged to lead Johnston Press during a period of unprecedented turbulence in our industry. Since 2011 we have grown our overall audience in particular our digital business, created an industry leading tele-sales operation and maintained margins. The acquisition of the i newspaper has been a particular highlight. I am proud of what the board and my colleagues have achieved and would like to thank them all for their support. I wish David every success in his new role.”
Johnston Press is the owner of a wide range of newspaper titles, including the i newspaper, The Scotsman, The Yorkshire Post and News Letter in Northern Ireland.