David Arculus, the group managing director of Emap, is to join
United News and Media in a move designed to pull together the different
interests of the group. The appointment pushed United’s share price up
by 16.5p on Monday.
Arculus will take the new role of chief operating officer at United,
with responsibility for consumer and specialist publishing, broadcasting
and entertainment, and exhibitions.
Stephen Grabiner, the head of United’s newspaper interests, and Roger
Laughton, who runs the broadcast division, will both report to Arculus
when he takes over on 7 April.
Arculus’s departure from Emap sent the company’s share price tumbling
27p to 785.5p. It follows last year’s boardroom shake-up at the
publishing giant, which precipitated the departure of two non-executive
Arculus has been with Emap since 1972, and took over as group managing
director in 1989. His partnership at the head of the company with Robin
Miller, Emap’s chief executive, is credited with increasing the value of
the company from pounds 1 million to pounds 1.7 billion over the past 25
Clive Hollick, United’s chief executive, said: ’Arculus has demonstrated
a sure touch as a builder of media businesses. His experience and proven
track record make him a valuable addition to the team at United.’
Arculus’s appointment means that more than half of the ten executive
directors on United’s board either came from MAI - Hollick’s old company
which merged with United Newspapers last year - or have been brought in
during Hollick’s reign at United. Lord Stevens, the chairman of United
and formerly of United Newspapers, is due to take a part-time,
non-executive role in the spring.