Newsquest Media Group appoints Henry Faure Walker as CEO
Newsquest Media Group has announced the appointment of Henry Faure Walker as CEO, as the company posts a 38 per cent rise in annual profits.
The group, which owns The Herald, Evening Times and Sunday Herald, said that Paul Davidson, currently chairman and CEO of Newsquest, will continue as Newsquest’s chairman when Walker takes up his new role on 1 April 2014.
“I am delighted that Henry will be joining Newsquest, and believe that his abilities to develop and implement strong digital strategies, as well as his appreciation of our print heritage, will further help build on our many successes,” said Davidson.
Walker, who most recently held the role of digital and business development director at Johnston Press, added: “I am excited by this opportunity to lead Newsquest as it continues its rapid transformation into a vibrant multimedia business. It is a terrific company with a strong future, fully focused on providing the outstanding products and services consumers and customers want and need.”
Meanwhile, Newsquest Herald & Evening Times reported that pre-tax profits rose from almost £8.7m to more than £12m in the 2012 calendar year, adding that this growth is mainly attributed to a £3.4m exceptional property charge which affected the 2011 figure.