Daily Mail and General Trust plc (DMGT) Directorate Change
16 November 2021
DMGT today announces, unconnected with the Reorganisation, that Kevin Beatty, Executive Director and CEO of dmg media, has announced his intention to retire and transfer his executive responsibilities to a new dmg media leadership team. Kevin will be available to support the transition and will remain a Non-Executive Director on the DMGT Board. The timing of Kevin's transition from an Executive Director to a Non-Executive Director will be announced when the exact date is known.
Richard Caccappolo, currently Chief Operating Officer of MailOnline, has been appointed as CEO of dmg media, with James Welsh, Deputy CFO of DMGT, and former CFO of dmg media, appointed as Deputy CEO of dmg media. Their combined experience, covering all parts of dmg media's activity and success over the past decade, gives them the knowledge and vision the business needs to continue its market-leading position.
Commenting, Lord Rothermere, Chairman of DMGT, said: "I am hugely grateful to Kevin for all he has done for dmg media over 25 years. He has driven immense change and ushered in a new future for the business. I look forward to continuing to work with him as a Board Director."
For further information
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For analyst and institutional enquiries:
Tim Collier, Group CFO
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+44 20 3615 2902
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Adam Webster, Head of Investor Relations
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+44 20 3615 2903
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For media enquiries:
Tim Burt, Teneo
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+44 7583 413254
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Doug Campbell, Teneo
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+44 7753 136628
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Jesse Matthews, Teneo
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+44 7912 783513
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About DMGT
DMGT manages a portfolio of companies
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that provide businesses and consumers with
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compelling information, analysis, insight, events, news and entertainment. The Group takes a long-term approach to investment and has market-leading positions in consumer media, property information and events & exhibitions. In total, DMGT generates revenues of around
£1bn.
Notes
The term Reorganisation is as defined in the 'Major reorganisation and recommended cash offer for DMGT' announcement issued on 3 November 2021.
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