Former Ofcom boss to take helm at Lloyd's List owner
Thursday 11 July 2013
The former Ofcom chief executive Stephen Carter was named the next chief executive of the publisher and events group Informa yesterday as Peter Rigby announced he is stepping down in December after 25 years at the top.
Mr Rigby has been chief executive or executive chairman continuously since 1988. He joined the company in 1983 and the plc board three years later.
It is thought that Sir Martin Sorrell, the chief executive of WPP since 1986, is the only serving boss who has been at the top of a FTSE 100 company for longer.
Mr Rigby admitted that his resignation at the age of 58 had surprised some colleagues at the group, which publishes the shipping bible Lloyd's List and a string of academic titles. "My view is people shouldn't stay on for the sake of staying on," he said, explaining that he wanted to hand over the company in good shape and spend more time with his family.
Informa's total shareholder return rose 335 per cent during his tenure, against 96 per cent for the FTSE 100. "We've become a digital business from a paper business," Mr Rigby said. He added that he felt Informa had benefited from "having experience at the helm" when the financial crisis struck in 2007.
Lord Carter has been a non-executive director of Informa since 2010, and was most recently a senior executive at the French telecoms firm Alcatel-Lucent. The 49-year-old was ennobled while serving as a business minister for Gordon Brown, and has also run the PR agency Brunswick.
- 1 Qataris pledge to expand Canary Wharf
- 2 #JeSuisEd: People share photos of themselves eating awkwardly in solidarity with Labour leader
- 3 Women think Irish men are the sexiest, survey finds
- 4 Florida couple forced to register as sex offenders for having sex on public beach
- 5 Watch eerie drone footage of destroyed building in Stalingrad
#JeSuisEd: People share photos of themselves eating awkwardly in solidarity with Labour leader
Florida couple forced to register as sex offenders for having sex on public beach
UK election candidates: 'Nasty party' Ukip faces fresh questions on eve of vote
Who should I vote for in the general election? Take The Independent's interactive quiz to find out which party's the right choice for you
Ohio 'Shawshank Redemption' fugitive Frank Freshwater arrested after 56 years on the run
In defence of liberal democracy
General Election 2015: Post-election 'shambles' looms as 70 per cent of voters say SNP 'should not be able to veto UK government policies'
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
General election live: SNP suspends two members for disrupting Labour rally
General Election 2015: Sturgeon claims Scots 'appalled' by Ed Miliband's refusal to work with SNP
iJobs Money & Business
£60000 - £70000 per annum + benefits : Ashdown Group: A highly successful, glo...
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
£27 - 35k + Bonus + Benefits: Guru Careers: A Management Accountant is needed ...
£40-50k + Benefits.: Guru Careers: A Project Manager / Business Analyst is nee...