John Penman, the launch editor of the failed Scottish daily Business am, has joined the Daily Record as business and finance editor in a key appointment by new editor Bruce Waddell.
As well as ensuring business and finance news are properly represented throughout the paper, Penman will have responsibility for the Record’s quarterly business magazine, which has been markedly strong on editorial content.
Penman took up his post on Monday as a group of around 30 senior executives of the Daily Record and sister paper the Sunday Mail, headed by managing director Mark Hollinshead, held a strategy summit in Dublin.
Penman returns to the Daily Record where the Business am project was devised. It had the full backing of the Daily Record and Sunday Mail management, but parent company Trinity Mirror doubted its viability as a daily.
Penman, who was assistant editor, then new business director at the Record, left in March 2000 to pursue Business am with Swedish publishing group Bonnier.
A former journalist on The Scotsman, Penman will also be involved with Scottish Business Insider, the magazine acquired by the Daily Record and Sunday Mail company two years ago.
By Hamish Mackay