View all newsletters
Sign up for our free email newsletters

Fighting for quality news media in the digital age.

  1. Publishers
  2. B2B
July 11, 2013

Management shake-up at Incisive as two of its three founders leave the company

By Gavriel Hollander

Two of the founding directors of Incisive Media have left the company.

Nick Rapley and James Hanbury have left the B2B publisher just shy of 20 years after founding it alongside current chief executive Tim Weller.

Rapley, who had been managing director of the group’s financial services division, has made an offer to buy the Investment Europe brand from Incisive.

Hanbury has stood down as group managing director but will continue to be involved in the company on a part-time non-executive basis.

The management shake-up also sees the departure of Matt McGowan as managing director of Incisive in North America, while Asia Pacific managing director Jonathon Whiteley will lead the UK financial services, legal and insurance businesses.

The departures are being seen  by The Media Briefing as a precursor to the business being either sold or broken up. But one Incisive insider told Press Gazette that there was no prospect of an imminent sale.

In an email to staff last week, Weller said: “As a business we continually review the best structure to meet the demands of the markets we serve, and from time to time change is inevitable.

Content from our partners
MHP Group's 30 To Watch awards for young journalists open for entries
How PA Media is helping newspapers make the digital transition
Publishing on the open web is broken, how generative AI could help fix it

“At this point in time, our focus is on ensuring that we have our people, our strongest assets, deployed where they can make the greatest difference and to ensure that the size of our overhead is proportionate to the profitability of the business.”

Incisive, which publishes Investment Week, Post and Legal Week, among other business titles, was taken over by private equity house Apax in a £208 million deal in 2006. In 2008 the group breached its banking covenants and was said to owe more than £400m.

Press Gazette understands that an extended bank facility was agreed last year meaning debt is not now repayable until 2015.

Topics in this article :

Email pged@pressgazette.co.uk to point out mistakes, provide story tips or send in a letter for publication on our "Letters Page" blog

Select and enter your email address Weekly insight into the big strategic issues affecting the future of the news industry. Essential reading for media leaders every Thursday. Your morning brew of news about the world of news from Press Gazette and elsewhere in the media. Sent at around 10am UK time. Our weekly does of strategic insight about the future of news media aimed at US readers. A fortnightly update from the front-line of news and advertising. Aimed at marketers and those involved in the advertising industry.
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy Policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network