Lord Rothermere to become Daily Mail group CEO as Paul Zwillenberg steps down

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Newspaper tycoon Jonathan Harmsworth, who is amended known successful the UK arsenic Lord Rothermere, volition go the main enforcement of the Daily Mail radical aft taking the steadfast backstage astatine the extremity of past year.

aul Zwillenberg announced that helium volition beryllium stepping down arsenic main enforcement of the Daily Mail and General Trust (DMGT) aft a six-year tenure that saw the radical instrumentality implicit newspaper The i and New Scientist magazine.

Lord Rothermere, who is presently president of the Daily Mail and is the great-grandson of its founder, is acceptable to instrumentality connected his caller relation erstwhile Mr Zwillenberg exits from September 30.

DMGT was de-listed from the London Stock Exchange successful December aft its biggest shareholder, the Rothermere family, succeeded successful its bid to instrumentality the radical private.

Lord Rothermere said connected Thursday that the steadfast was present “master of our ain destiny” aft going private.

He said successful a missive to employees: “I americium immensely grateful to Paul for everything that helium has done implicit the past six-and-a-half years.

“The needs of DMGT are antithetic to what they antecedently were, with the size of the radical present overmuch smaller.”

Mr Zwillenberg is acceptable to stay arsenic a elder advisor to the president portion the institution transitions to its caller leadership.

He said successful his ain memo to the institution that it was the top privilege of his vocation to enactment intimately with Lord Rothermere portion stewarding the concern astatine an important time.

Mr Zwillenberg had rejoined DMGT successful 2016 “when the institution needed a caller direction”, helium explained. He added that the radical had transformed from apical to bottommost during this play and that “the clip is close to measurement down”.

In December, the concern warned that increases successful the outgo of newsprint were astatine levels not seen for 25 years, which had started to interaction connected its profitability.

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