The long-standing boss of Daily Mail and General Trust will step down at the end of this month, after 27 years at the tabloid paper group.
Martin Morgan will retire as chief executive, simultaneously stepping down from the DMGT and Euromoney boards, from 31 May. He will leave the company from 30 June, and take on an advisory role for a year from January 2017.
Paul Zwillenberg, who is currently global leader for the media sector at The Boston Consulting Group, will take on the reins from 1 June 2016.
Zwillenberg is already based in London, and has worked closely with DMGT for 20 years, the firm said.
His previous roles include managing director of DMG Media Digital, formerly Associated Newspapers Digital.
Chairman Lord Rothermere said: “DMGT owes Martin a debt of gratitude for his 27 years’ service and his leadership of the group’s transformation.
"Paul’s strategic insight and close involvement across our portfolio over the last 20 years means that he is ideal for the role of chief executive at this exciting time for our diversified businesses.”