PUBLISHER and events group Informa named former media watchdog boss Stephen Carter as chief executive yesterday, replacing Peter Rigby who grew the company over three decades into a media group worth more than $4.5bn (£3bn).
With annual revenues of £1.2bn, Carter takes over a group that used huge structural upheaval in the sector to transform itself from a small print-advertising firm to a digital data, information and events business.
Carter, 49, has worked in senior positions in advertising, pay-TV, public relations, in government, at media watchdog Ofcom, and, most recently, with the telecom equipment maker Alcatel Lucent in France.
Revenues in 2012 fell 3.4 per cent but the group, which has over 55,000 titles and dates back to 1734 with the first London shipping list, managed to lift profit and its dividend by 10 per cent on optimism around its emerging markets operations.
City A.M. Reporter