Centaur Media’s chief financial officer, Geoff Wilmot, is being promoted to chief executive replacing long-serving CEO Graham Sherren – who stays on as chairman.
Wilmot, 53, has been CFO of business magazines specialist Centaur since 1998 having previously worked as CFO of The Thomson Corporation Legal & Professional. He starts his new job in November.
Sherren, 68, said: “Geoff has been with us now for eight years and has done a brilliant job here as CFO, so it’s an absolutely natural step up as far as he’s concerned.
“It will mean a shift of emphasis and a shift of responsibility for me, and so it should. But it’s probably less significant in some ways because we’ve all worked together for so long.”
Wilmot's appointment was announced in Centaur’s pre-close trading statement, which revealed that its advertising revenues are expected to be up 10 per cent year-on-year.
Sherren said: “I think we are doing very well in a number of different sectors. But there are so many good stories that to single out one or two is probably unfair.”
Centaur’s titles include: The Engineer, Marketing Week, Money Marketing, The Lawyer, Design Week and New Media Age.