Managing director of Trinity Mirror‘s Scottish nationals, Mark Hollinshead, will take on a newly created role as managing director of all five of the company’s national newspapers as Richard Webb leaves the company.
Hollinshead will take over Webb’s role of managing director of UK nationals the Daily Mirror, Sunday Mirror and The People as well as retaining responsibility for the Scottish Daily Record and Sunday Mail. This is the first time all five of Trinity Mirror’s national papers have been under one management.
Sly Bailey, chief executive, said: ‘The new role will enable our National newspapers to fully embrace the changing media landscape. Bringing together the power of these great brands is in the best interest of our business and our customers.
‘Richard has done a tremendous job to further the success of the UK Nationals during his time with the Group and he leaves with my thanks and best wishes for the future.”
In June Trinity Mirror saw profit warnings following a drop in the share price by 28 per cent, and has since been cost-cutting throughout the company. Recently it announced it will be axing seven local papers and nine offices in the north-west of England and Wales.
Trinity Mirror said it will make further announcements regarding the new organisational management structure in the next few days.