Trader Media Group chief executive steps down

John King, chief executive of Trader Media Group (TMG), the company that publishes the car magazine Auto Trader, has stepped down.

Auto Trader: the one by Glue Isobar
Auto Trader: the one by Glue Isobar

Zillah Byng-Maddick, chief financial officer, will fill in for King while the company looks for a permanent replacement.

King issued a statement saying: "I have enjoyed five exciting and successful years working with an outstanding team at TMG.

"We have been on an amazing, transformational journey and while I am sorry to be leaving, the business needs a leader to commit long term to the next stage of the company's development."

King joined TMG in May 2007 from his then role as chief executive at Australian classifieds business, Trading Post.

Prior to this, he was general manager of online advertising of Sensis Pty, the group that owns Trading Post.

Tom Hall, chairman of the TMG board, said: "We are tremendously grateful for everything John has achieved at TMG. During his time as chief executive, the group has been widely recognised as providing one of the world's most successful examples of transition from print to digital publishing.

"He leaves the company in excellent shape as it moves on to the next stage of its development."

In March 2007, Guardian Media Group sold a 49.9% stake in TMG to private equity firm Apax Partners for around £675m.

TMG publishes more than 70 classified titles including Auto Trader, Ad Trader, Biker Trader and Auto Freeway.

Auto Trader recently launched a campaign promoting its digital credentials.

Have your say...

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Media Week Jobs
Search for more media jobs

Latest

David Abraham attacks Malone and Murdoch in MacTaggart lecture

David Abraham attacks Malone and Murdoch in MacTaggart lecture

David Abraham, the chief executive of Channel 4 has taken aim at the Liberty Global chairman, John Malone, Viacom and BSkyB in the MacTaggart lecture.

Share
Smith replaces Weston at Clear Channel

Smith replaces Weston at Clear Channel

Clear Channel has hired Mark Smith, the planning operations director at Kinetic, in the new role of agency director, replacing Ged Weston, who is joining Eye Airports as sales director.

Share
Advertisers and agencies get ready for The X Factor

Advertisers and agencies get ready for The X Factor

With the public so interested in the judges, is the new series destined to be a success with brands, Maisie McCabe asks.

Share

Get news by email