The chief financial officer of Guardian Media Group (U.K. publishing firm) Andrew Miller has been named as the new permanent replacement for Carolyn McCall. McCall left the group at the end of June to join Easyjet as chief executive, and Miller had previously been named as her interim replacement. Before joining Trader Media Mr. Miller held senior roles at PepsiCo Inc., Bass and Procter & Gamble Co. In the year to the end of March, GMG reported pre-tax losses of £171m on turnover which dropped to £476.2m (from £543.4m). The losses were largely fuelled by GMG writing down the value of its assets.
“Andrew is the ideal appointment to this role, following a rigorous recruitment process that produced a very high-quality shortlist of candidates,” said Amelia Fawcett, chair of GMG. “He has great financial acumen, an intimate understanding of GMG’s portfolio and a full appreciation of our unique purpose and values.”
Miller said: “It is a great privilege and responsibility to lead GMG and to play a key role in supporting the independence of our journalism. While the media sector faces continued change, to which we will need to adapt, our strong portfolio of businesses and investments means we have a solid base from which to move forward.”