4th Sep 2019 12:34
(Alliance News) - Media and consultancy firm Centaur Media PLC said Wednesday it has promoted Chief Financial Officer Swag Mukerji to the post of chief executive officer, effective from September-end.
He will be replacing Andria Vidler, who is stepping down after six years in the role since 2013, in order to "explore new opportunities".
Mukerji has been chief financial officer for three years since 2016, and prior to that was interim CFO at magazine printer Polestar from January to May 2016.
Centaur has started the search for a new finance chief, but until the appointment is made, Mukerji will retain overall responsibility for the company's finance duties.
"Andria has been a driving force in the transformation of Centaur and I, and the rest of the board, would like to thank her for the valuable contribution she has made to the company's development. Today's Centaur is a stronger and more resilient business compared to the advertising-dependent publishing group of six years ago. I wish Andria all the best for the future," said Chair Colin Jones.
"The board is pleased that Swag has agreed to succeed Andria as CEO. Swag's important role in Centaur's transformation and comprehensive understanding of the company will be of great benefit in ensuring continuity and delivering value to shareholders," Jones added.
Shares in Centaur Media were untraded on Wednesday, last quoted at 39.5 pence in London.
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