Camilla Rhodes

Camilla Rhodes2 posts
1 May, 2018
0

Highfield resigns from Johnston Press

Resignation

Highfield resigns from Johnston press citing family reasons. He will be replaced by chief financial officer David King.

I have been privileged to lead Johnston Press during a period of unprecedented turbulence in our industry. Since 2011 we have grown our overall audience, in particular our digital business, created an industry leading telesales operation and maintained margins. The acquisition of the i newspaper has been a particular highlight. I am proud of what the board and my colleagues have achieved and would like to thank them all for their support.

Johnston Press Chair, Rhodes:

We are sorry that he felt that his personal circumstances required a change at this time. We wish him every success in the next phase of his career. Ashley oversaw the successful acquisition of the i newspaper, has driven growth in our digital footprint, while making substantial progress in reorganising and restructuring our business. We wish him every success in the next phase of his career.

23 Jan, 2017
0

Crystal Amber pushes for Highfield exit

Crystal Amber, the largest shareholder in Johnston Press, with 20.4% shareholding, is reportedly meeting with Rhodes, Johnston’s interim chair, to discuss ways to revive the fortunes of the heavily indebted publisher. Discussions include, reportedly, ousting Highfield. Rhodes, who has chaired the company for just a couple of weeks, is said to have asked Rothschild to examine Johnston’s refinancing options. Anonymous shareholder:

Highfield got a huge bonus following the restructure of the business two years ago. But since that restructure shareholders have lost 90% of their money.

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