Wednesday 9 March 2011

John Fry to step down at Johnston Press

Johnston Press chief executive John Fry (left) is to leave by March next year, the company announced today.

Johnston said in a statement: "John Fry, Chief Executive Officer, has notified the Board of his intention to step down from his role by March 2012, thereby providing sufficient time to facilitate a smooth handover to his successor. The process is now being started to find John's successor and a further announcement will be made at the appropriate time."

Fry joined Johnston Press from regional media publisher Archant in January 2009, succeeding Tim Bowdler.

Johnston Press in a preliminary statement for the year ended December 31, 2010, said operating profits were up from £69m to £72m, a 3.9 per cent rise. Johnston's first underlying operating profit increase (excluding acquisitions) since 2004. Pre-tax profit was down 29.6 per cent on the previous year to £30.5m, from £43.3m, and revenues were down six per cent to £398.1m, from £423.7m

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