Andrew Miller to stand down as CEO of Guardian Media Group
Guardian Media Group has announced that chief executive Andrew Miller is to step down at the end of June after concluding a five year turnaround plan for the publisher.
This reorganisation of group activities prioritised digital media distribution, international ventures and a rethink of assets which raised more than £850m of long-term reserves to secure the financial and editorial independence of the Guardian.
In its most recent set of financial results the publisher reported a rise in revenues of 7 per cent to £210m, reducing operating losses by 27 per cent to £19.4m. Digital revenues also recorded an upward tick, increasing by 24 per cent to reach £70m.
Miller said: “Having achieved our strategy to streamline the Group, secure its financial future and set it on the path to digital success, I have decided that mid-2015 will be the right time for me to explore new opportunities and for a new editor and chief executive to take the company on the next big phase of the Guardian’s digital growth and international expansion. My successor will inherit a business with very strong commercial foundations in place.
“For me, it has been a privilege to help equip GMG for a sustainable financial future, securing the unique contribution made by the Guardian to national and international debate for many years to come.”