Andrew Rashbass takes over as CEO of The Economist Group today, July 16th, the day after the annual general meeting at which Helen Alexander, outgoing CEO, announced another excellent year of strong growth at The Economist Group. Operating profit is up 23% to £44.3 million.
Andrew today announced that he would be restructuring the business to reflect a more regional focus which will allow The Economist Group to serve their customers better and use their resources more effectively.
Nigel Ludlow will run The Economist Group in the UK as Managing Director. Susan Clark will be Managing Director, Continental Europe, Middle East and Africa. Paul Rossi will be Managing Director and EVP, Americas. Tim Pinnegar will be Managing Director, Asia.
Andrew Rashbass said, "We have a strong team in place with an excellent record within the company. We look forward to building on the excellent results of the last year and to delivering growth by continuing to develop intelligent media brands for the high end audience across the world."
(July 16th 2008)