2nd Jul 2008 07:00
2 July 2008 Daily Mail and General Trust plc (`DMGT') Appointment of Managing Director of DMG Information (DMGI)
DMGT is pleased to announce the appointment of Suresh Kavan as Chief Executive Officer of DMGI, the business information division of DMGT. Suresh succeeds Martin Morgan who has been promoted to become Chief Executive of DMGT as of 1 October.
Suresh will take up his position in August with DMGI having spent the past 8 years with what is now Thomson Reuters, where his most recent position was President of the Investment & Advisory group for the Markets Division which delivers financial information, news and software solutions to the "off-trading floor" markets of investment banking, investment management, corporate services and wealth management.
Suresh is a British-born graduate of University College London, joining I/B/E/S International in 1987 as a sales executive, subsequently holding a variety of positions in sales management, research, technology, product and business management. In 1999 he became the company's President and CEO, located in New York and under his leadership the company grew substantially. Following I/B/E/ S's sale to Primark and Primark's subsequent acquisition by Thomson Financial, he has served in a variety of executive positions and has been active in making acquisitions. Suresh brings to DMGI considerable international experience having worked across Europe, Asia and the US.
He will be based at DMGI's headquarters in Stamford, Connecticut, USA. DMGI is the business information division of DMGT and is made up of a portfolio of companies providing information and analytics to a variety of industries.
Lord Rothermere, Chairman of DMGT, commented: "We want to build upon the tremendous success of DMGI to date, and in Suresh we have found a talented leader who will do that."
Martin Morgan said: "We are delighted to welcome Suresh to DMGT. He is a proven leader with an outstanding record of success in growing information businesses such as those which make up DMGI. I look forward to working with him."
Enquiries:
Peter Williams, Finance Director, DMGT 020-7938-6631
Andrew Honnor, Tulchan Communications 020-7353-4200
Daily Mail and General Trust plc Northcliffe House, 2 Derry Street, London, W8 5TT Tel 020 7938 6000 Fax 020 7938 4626 www.dmgt.co.uk Registered in England and Wales No. 184594 Not for public release until 7am on 2 July, 2008
DAILY MAIL & GENERAL TRUST PLCRelated Shares:
DMGT.L