Who is Trinity Mirror's new CEO Simon Fox?

By The Drum | Editorial

Trinity Mirror


Simon Fox article

August 30, 2012 | 2 min read

Today, Simon Fox was announced as the CEO of Trinity Mirror. The Drum looks at who will now be running the UK’s largest regional newspaper publisher.

Fox began his career as a graduate trainee at Security Pacific Bank, before going on to work at Boston Consulting Group and Sandhurst Marketing.

From there, he founded Office World, Britain’s first out-of-town office supplier’s retailer.

Fox went on to become managing director of Comet, which he led through its demerger from Kingfisher, and then chief operating officer at Kesa Electricals. Here, he was responsible Kesa’s subsidiaries in Europe and e-commerce developments.

He joined HMV as CEO in September 2006, turning down the opportunity to run ITV. His annual salary was believed to hit around £873,000 per annum.

During his time at HMV he battled to turn around the ailing retailer, leading the decision to replace some of the CD and DVD displays with technology products such as iPods, computers and tablets.

As the business came close to collapse in May last year, he secured a deal to sell its Waterstones book chain to a fund controlled by Alexander Mamut for £53m.

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Following his sudden departure earlier this year Philip Rowley, chairman of HMV said: "Fox has led the company through a turbulent period for the entertainment retailing industry and has played an invaluable part in securing HMV's future, not least by strengthening relations with suppliers and successfully refinancing HMV's bank borrowings."

Fox will join Trinity Mirror as CEO on 10 September, with an expected salary of £500,000 plus a projected 75 per cent bonus.

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