Informa, the FTSE-100 occasions group behind the Fort Lauderdale Worldwide Boat Present and World of Concrete, is kicking off a seek for its subsequent chairman.
Sky Information has learnt that Informa, which has a market capitalisation of about £11.3bn, is working with headhunters to discover a successor to John Rishton.
Metropolis sources stated on Monday that Russell Reynolds Associates was dealing with the search.
A former chief govt of Rolls Royce Group, Mr Rishton joined the Informa board in September 2016 earlier than taking on as chairman practically 5 years later.
Folks near the method stated he was prone to step down in 2027, by which period he can have served for practically 11 years as a director.
Informa has a big knowledge division, which has been chargeable for a big proportion of its latest progress.
Its belongings beforehand included the historic maritime information and evaluation service Lloyd’s Listing, which claims to be the world’s longest printed enterprise newspaper.
Learn extra from Sky Information:
Britons poorer than they were in 2019
Reeves’s spring budget date is revealed
Earlier this yr, it emerged that Lord Carter, the corporate’s chief govt, had moved his residency to Dubai to mirror its speedy progress prospects within the Gulf area.
The launch of a hunt for a brand new chairman and Lord Carter’s latest relocation makes it more and more doubtless that he’ll lengthen his present 12-year tenure by no less than one other two years.
Shares in Informa, which declined to touch upon the seek for Mr Rishton’s successor, closed on Monday at 885.2p.
