Euromoney, the financial news magazine run by DMGT, has named Thomson Reuters chief executive Andrew Rashbass as its executive chairman.
The move comes as Euromoney’s sitting executive chairman, Richard Ensor, prepares to retire at the end of September having served close to 40 years at the helm of the company.
Prior to joining Reuters in 2013 Rashbass served as chief executive of The Economist Group from 2008. He has also put in stints at Associated Press and dmg Media.
Rashbass said: “Euromoney has established a global platform built on strong brands and a world-class digital backbone under the leadership of Richard Ensor. The company has considerable opportunities for continued growth and I am very excited to be joining the team.”
Euromoney senior non-executive director John Botts added: “We believe Andrew is a natural choice and a good fit for us given his track record, international experience and proven ability to deliver top-quality journalism while also growing digital revenues globally.
“Andrew will inherit a strong platform which is well positioned for growth and digital advancements under new leadership and his experiences will help to accelerate Euromoney’s move to a digital-only format for most of the group’s titles.”