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LONDON - Reach plc, the UK’s largest news publisher, announced a change in leadership today as Jim Mullen (NASDAQ:MULN) steps down as Chief Executive. Piers North, who has served as Chief Revenue Officer, will take over the role with immediate effect.
The company, which oversees more than 120 brands including the Mirror and the Daily Record, stated that the departure of Mullen was by mutual agreement after a tenure of nearly six years. Mullen will remain available for a short handover period before joining The Jockey Club as Group Chief Executive starting June 1.
Chairman Nick Prettejohn expressed gratitude for Mullen’s contributions, particularly highlighting the company’s strong performance and digital growth under his leadership. Prettejohn also noted North’s extensive experience and leadership within Reach and his prior roles at Yahoo, expressing confidence in North’s ability to lead the company forward.
North, who has been with Reach since 2014, acknowledged the honor of leading the company and emphasized his commitment to continuing Reach’s digital evolution and its mission of providing essential journalism.
The announcement comes following a period of strategic progress for Reach, which has been focusing on digital expansion amidst the industry’s ongoing shift from print to online media.
In compliance with UK Listing Rules and corporate governance standards, further details regarding Mullen’s departure terms and North’s remuneration will be disclosed in the company’s forthcoming Directors’ Remuneration Report.
Additionally, Prettejohn has stepped down from his position at YouGov plc (LSE:YOU) as of today, in line with governance practices and to focus on his role at Reach.
Reach plc reaches millions of people each month through its array of news brands across the UK, Ireland, and the United States, and this leadership transition marks a new chapter for the company as it continues to navigate the rapidly changing media landscape.
This news is based on a press release statement issued by Reach plc.
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