Guardian Media Group interim chief executive Andrew Miller has been named as the new permanent replacement for Carolyn McCall.
McCall left the group at the end of June to join Easyjet as chief executive, and Miller had previously been named as her interim replacement.
Miller joined GMG as chief financial officer in August 2009, before that he held the same position at GMG subsidiary Trader Media Group for six years.
He is a member of the Institute of Chartered Accountants Scotland and has previously worked for Pepsico, Bass and Procter and Gamble.
GMG chairwoman Amelia Fawcett said: “Andrew is the ideal appointment to this role, following a rigorous recruitment process that produced a very high-quality shortlist of candidates.
“He has great financial acumen, an intimate understanding of GMG’s portfolio and a full appreciation of our unique purpose and values. He knows how to drive successful digital transformation and has led large-scale financial transactions. Most importantly, he has the ability, desire and vision to lead GMG through the next stage of its development and to ensure a sustainable future for our journalism.”
Miller said: ‘It is a great privilege and responsibility to lead Guardian Media Group and to play a key role in supporting the independence of our journalism.
‘While the media sector faces continued change, to which we will need to adapt, our strong portfolio of businesses and investments means we have a solid base from which to move forward.”
GMG comprises The Guardian and Observer titles; GMG Radio, GMG Property Services and the joint ventures Trader Media Group and Emap.
It is wholly owned by the Scott Trust which ‘exists to secure the financial and editorial independence of the Guardian in perpetuity”.
In the year to the end of March, GMG reported pre-tax losses of £171m on turnover which dropped to £476.2m (from £543.4m). The losses were largely fuelled by GMG writing down the value of its assets.