Guardian media promotes CFO to interim CEO

Posted by admin in Career Ladder on Mon, 26/04/2010 - 11:31
guardian.jpg

Guardian Media Group's CFO Andrew Miller has been appointed interim CEO in July to replace Carolyn McCall, who is moving to budget airline easyJet at the end of June.

Miller was appointed CFO in August 2009. Prior to that, he was CFO of Trader Media Group, the Auto Trader publisher jointly owned by Guardian Media and Apax Partners, for more than six years. Before joining Trader Media he held senior roles at PepsiCo Inc. (PEP), Bass and Procter & Gamble Co. (PG).

Guardian Media said the process to recruit McCall's successor is being led by a nominations sub-committee chaired by Amelia Fawcett, chairwoman of Guardian Media. It also includes Liz Forgan, chairwoman of the Scott Trust, and non-executive directors John Bartle and Neil Berkett. "This group is in the process of appointing executive search consultants and will consider both internal and external candidates," said Guardian Media in a statement.

The Bottom Line:If Mr Cable has his way...

"If Mr Cable had his way, all the big banks would be broken up and bonuses would be virtually eliminated - a sure-fire way in my view of guaranteeing an end to the UK’s ability to compete as an international financial centre. Let’s not forget that this is a man who is on record as saying that everyone who works in a bank has an ‘aristocratic lifestyle’ clearly demonstrating his lack of understanding of the sector." A tough line on bankers’ bonuses could make a brain drain of financial talent a distinct possibility, warns Paul Marsden. Read more

Links