Grigson leaves Emap, the magazine publisher, where he has worked as group finance director since 1989. He will take up his position at Reuters at the end of July.
Grigson, 46, replaces Rob Rowley as FD, who will take on the role as chief executive of Reuterspace, the group’s new media and internet-related businesses and assets.
Reuters chairman Sir Christopher Hogg said: ‘David brings with him considerable experience of the media sector, is well known in the City and has extensive international experience – credentials that will be of great value to Reuters.’
The top tier appointment of an outsider to the Reuters board is the first of its kind in recent years. It is hoped Grigson will generate increased confidence in the group’s performance ability, following several hitches with investors last year.
During Grigson’s time at Emap the company has grown into an international media business and became listed on the FTSE 100.
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