David Pemsel has been confirmed as the new chief executive of Guardian Media Group, succeeding Andrew Miller on 1 July.
He is currently deputy chief executive of Guardan News and Media. Pemsel joined the Guardian group in 2012, after previously working as chief marketing officer for ITV.
GMG chair Neil Berkett said: "David has been a key architect of GNM’s commercial success, digital strategy and international expansion. I am therefore delighted that he is now stepping up to the top job, unquestionably one of the most demanding and exciting roles in the media industry.
"I know that he will build on the strong strategic platform put in place by Andrew Miller, who has done an outstanding job as chief executive. David’s appointment, following a thorough executive search, signals our confidence in the future potential of our journalism and our portfolio."
Pemsel said: "GMG has changed dramatically in recent years, both in the markets it serves and the technologies at its disposal. I am hugely excited at the prospect of managing the next phase of growth at the Guardian, building on our international audience, capitalising on the many commercial and digital opportunities, and, above all, ensuring that our journalism thrives in the years ahead."
In a trading update for the financial year to March 29 GMG said it expected to report turnover up 3 per cent to more than £215 million on digital revenue up 20 per cent to more than £80m.
Outgoing Guardian editor Alan Rusbridger told Press Gazette earlier this month that Guardian News and Media is budgeting to make £100m from digital this year.