News & Opinion

Reach chief executive steps down

Simon Fox will be replaced by betting firm boss.

After seven years, Simon Fox steps down as chief executive and is replaced by former News UK director of digital strategy and chief executive of betting firm Ladbroke Coral, Jim Mullen.

Fox said: “There is never an ideal time to leave an organisation, but if there were it would be now. The integration of the Daily Express and Daily Star has been successfully completed, digital growth is accelerating and our trading and cash position are strong. I am proud of what has been achieved and will provide Jim with whatever support is required to ensure a smooth handover.”

Mullen commented: “I am delighted to be joining Reach at such an exciting time and look forward to building upon its digital transformation.”

Nick Prettejohn, chairman of Reach said Fox “leaves Reach in very good health, with a strong balance sheet and real progress in developing the business for the future”.

He added: “We have an excellent successor in Jim and I am pleased to have a seamless transition.”

Reach made £353m in revenue in the first-half of 2019, making reported savings of £11m for the year so far, £6m of which is the result of “synergies” following the merger of the Mirror, Daily Express and Daily Star.

by Hannah Ohm Thomas 30/07/19

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