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.
The “sad truth” of banking is that many jobs will be automated in the future, Deutsche Bank's chief executive said yesterday. Despite this, a recent survey found that 98% of European workers are optimistic about the changes automation will bring to their workplace.
India's gross domestic product (GDP) growth failed to meet expectations in Q2 as it slumped to 5.7%. However, India's IT industry is thriving. It contributes roughly 10% to the country's GDP and makes up about 25% of exports.
From music festivals to motor racing, events and festivals are an integral part of the move to a cashless society, reports SIX Payment Services.
The US Federal Deposit Insurance Corporation is suing nine European banks for allegedly contributing to the collapse of 39 US banks that had a collective value of more than $440bn (€375.6bn).