Johnston Press names new Chief Financial Officer

Community media group Johnston Press has reported that from June 1st 2013 David King will succeed Grant Murray, following Grant's resignation as Chief Financial Officer.

King was previously at Time Out Group, the print and digital entertainment information business, where he was Chief Executive Officer until July 31st 2012 and has since then been working as a consultant, most recently at Johnston Press.

During his four years at Time Out, King was credited with restructuring and refinancing the business, returning it to profitability and selling a 50% equity interest to private equity.

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For the nine years prior to Time Out, King was Chief Financial Officer of BBC Worldwide, overseeing profits increasing to £100m on turnover growing from £354m to over £800m.

Chairman Ian Russell said: "I welcome David to the Johnston Press board and believe that his wealth of relevant experience will prove him to be an excellent choice of successor to Grant. Meanwhile I would like to thank Grant on behalf of the board for everything he has done for Johnston Press over the last two years and wish him well for the future."

Johnston Press' share price was unchanged at 17.88p at 09:41 on Wednesday.

MF