UK media group Johnston Press has appointed David King as its new chief financial officer (CFO). He succeeds Grant Murray, who resigned as CFO, and will take up his new role on 1 June.
King, who has been a consultant at Johnston Press for the past year, was previously employed by print and digital entertainment information business Time Out Group. He was chief executive officer (CEO) at the group until 31 July 2012 until taking up his position as consultant.
During his four years at Time Out, King restructured and refinanced the business, Johnston Press reports, and returned it to profitability. In the wake of the restructuring, the newly appointed CFO sold a 50% equity interest to private equity.
Before his stint at Time Out, King was the CFO of BBC Worldwide. There he oversaw a profit increase to £100m on turnover that grew from £354m to over £800m. He was appointed to the board of BBC Worldwide in 1999.
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