BusinessCompany NewsJohnston Press appoints ex-Scottish Power boss

Johnston Press appoints ex-Scottish Power boss

Ian Russell to join board of FTSE 250 publishing company in a non-executive capacity almost a year after he departed as chief exec of energy giant Scottish Power

Johnston
Press,
 one of Britain’s largest publishers has appointed Ian Russell as a
non-executive director today. As part of his new mandate, Russell will sit
on the corporate’s audit committee. 

Russell was most recently chief executive of
Scottish Power,
having
joined as finance director in 1994. On his departure, he left with a severance
package of £2.3m and a pension top-up of £2.7m – even as the company was warning
customers it was forced to raise their bills because of soaring oil and gas
prices. 

Prior to his tenure at the energy company, he gained extensive experience in
a variety of finance roles both in the profession with
KPMG and across a range of
industries in the UK and Hong Kong.

Commenting on the appointment, Roger Parry, chairman of Johnston Press, said:
‘I
am delighted to welcome Ian to the board. His executive career gives an
indication of the very real contribution which he will make to Johnston Press’

ongoing development and his financial experience will strengthen the Audit

Committee.’

Related links:

More bad news for Deloitte over Scottish
Power
 

Nish named as Standard Life FD 

How to get rid of the CEO

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