Emap group finance director Gary Hughes has resigned to spend some time with his family before ‘pursuing opportunities elsewhere’.
Hughes’ announcement comes days after the group issued static revenue growth figures in its pre-close trading update.
Hughes joined Emap as group FD in October 2000, having held several other senior financial roles. He served as group FD of Scottish Media Group, deputy FD of Forte and in senior management positions at Guinness. Hughes is currently a non-executive director at Sainsbury’s.
Tom Moloney, chief executive of Emap, said: ‘Gary has done an excellent job for Emap over the last five years, and has been a valued member of the board and the senior team. He leaves the business in good financial shape. His desire now to look for broader career opportunities elsewhere has my full support, and in the meantime we wish him a happy and well-deserved rest.’
‘My five years at Emap have been very rewarding,’ said Hughes. ‘I will now fulfil my commitment to see through the year-end and support Tom in an orderly transition. I will be taking a short career break to spend time with my family in Scotland over the summer, before pursuing opportunities elsewhere.’
Emap’s share price is trading half a percent up this morning, at 839.5p.
The search for Hughes’ replacement has now begun, Emap confirmed.
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