John Ridding, group chief executive of the Financial Times, will step down after almost 20 years in which he has led the global media group through one of the most turbulent periods of change for the news industry.
Taking over in 2006, he oversaw the shift of a publishing business dependent on traditional print revenues to one that generates two-thirds of annual revenues from digital subscriptions and advertising.
In a memo to staff on Thursday announcing the move, Ridding said that he was stepping down at a time when the FT’s “readership, subscriptions and revenues are at all-time highs”, with “exceptional journalism reinforcing our reputation for trust and authority at a crucial time for international news media”.
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