Marketing, E-commerce and Digital Design, Product Management, Brand Development, Design, Advertising and Consultancy

Johnston Press faces overhaul of company’s management

on Jan 23, 2017 | 0 comments

By Jessica Goodfellow

Activist investor Crystal Amber, which in January took the largest stake in the publisher, is expected to hold talks with interim chairman this week to demand an overhaul of the company’s management, that could put chief executive Ashley Highfield’s job at risk.

Camilla Rhodes, the interim chairman who stepped up a few weeks ago after Ian Russell departed in December, is said to have called in restructuring experts Rothschild to aid the struggling publisher, according to the Daily Telegraph.

Crystal Amber, the largest shareholder with a stake of 20.4%, is expected to meet Rhodes this week to agitate for change.

Such Read full story ›

Source: The Drum