Google chief Eric Schmidt joins board of The Economist
Dr Eric Schmidt, executive chairman and former CEO of Google, has joined the board of The Economist Group as a non-executive director. The three year appointment followed a shareholder vote and will commence next month, giving the software engineer a say in The Economist newspaper, the Economist Intelligence Unit (EIU) and CQ Roll Call. In the last financial year The Economist posted a record operating profit of £68m, primarily on the back of selling analytical and expert comment. The Economist newspaper has also seen its circulation increase to 1.6m across both print and digital formats. The Economist board also comprises Rupert Pennant-Rea, chairman; Chris Stibbs, Group chief executive; Sir David Bell; John Elkann; Rona Fairhead; Philip Mengel; John Micklethwait, editor in chief, The Economist; Sir Simon Robertson; Lady Lynn Forester de Rothschild and Luke Swanson.