April 2 (Reuters) - Daily Mirror publisher Reach Plc will start a formal search for its next chairman as Nick Prettejohn prepares to step down by the company's 2027 annual meeting, Sky News reported
Daily Mirror publisher Reach to start search for next chairman, Sky News reports
Reach Plc Chairman Succession Plans and Market Impact
Chairman Nick Prettejohn's Planned Departure
April 2 (Reuters) - Britain's Reach Plc will begin a formal search for a new chairman as Nick Prettejohn prepares to step down, as disclosed by the company in its annual report last month, Sky News reported on Thursday.
Timeline for Succession
Sky News said Prettejohn was preparing to step down before the company's annual meeting in May 2027.
Company Response
Reach declined to comment on the Sky News report. The publisher of the Daily Mirror announced Prettejohn's departure in its annual report published on March 17.
Details from Annual Report
Succession Process and Search Firm Appointment
In the report, Prettejohn said his tenure would reach nine years in March 2027 and that "preparatory steps" for a succession process would begin during 2026, including the appointment of an independent search firm.
Market Reaction
Share Performance
Shares in Reach, which has a portfolio of more than 120 print and digital titles, fell about 28% last year and were last down around 2.5% on Thursday.
Reporting Credits
(Reporting by Rishab Shaju in Bengaluru; Editing by Tasim Zahid and Jan Harvey)
