The Financial Times has announced it has named John Marcom as President of the Financial Times in the U.S. He will take full responsibility for the integrated print and on-line commercial operations of the Financial Times for an area that includes the U.S., Canada and Latin America.
John Marcom has more than 20 years experience in the international media industry. His previous roles include seven years at Time Inc., most recently as President of Time Inc. International in London, and Senior Vice President of Worldwide Revenue/Media Strategies at AtomShockwave Corp, a West Coast entertainment provider for businesses and consumers in emerging media channels.
Olivier Fleurot, Managing Director of the Financial Times, said: "I am delighted to appoint John as the FT’s U.S. President. He has a strong track record in the global multi-media industry and will bring strong leadership, strategic vision and hands-on operational excellence to one of our most important markets. We have established an impressive presence in the U.S. over the last four years and John is the right person to drive our next phase of growth, and develop and strengthen our newly integrated, multi-channel business in the Americas."
The Financial Times newspaper had an average U.S. circulation of more than 124,000 in 2001, and FT.com, the world’s most popular audited business website, has 685,000 unique users in the U.S. - 25% of its 2.7 million global monthly unique users.
John Marcom began his career as a journalist for The Wall Street Journal in London, New York and Tokyo. He will work closely with Lionel Barber, U.S. Managing Editor of the Financial Times, and will take up his post in May.
The Financial Times aims to provide a broad range of business information and services to the growing audience of internationally minded business people, including:
- The Financial Times newspaper, the world’s only daily newspaper concentrating on international business. The FT is recognised around the world for its authority, integrity and accuracy. Since 1997, the FT’s US circulation has jumped from 38,000 to more than 124,000. Over that period, the FT has broken a series of major exclusive stories and established itself as the leading source of daily international business news in the U.S.
- FT.com, the world’s leading global business Web site and the online partner of the Financial Times. Combining the values and expertise of the Financial Times newspaper with the immediacy and interactivity of the Internet, FT.com provides a global perspective of business, finance, politics and economics, as well as lifestyle and the arts. FT.com garners more than 55 million monthly page views from more than 2.7 million unique monthly visitors.
- The FT’s pan-European network of national business newspapers and online services including France’s leading business newspaper and website, Les Echos and lesechos.fr and Spain’s leading business newspaper and website, Expansion and expansiondirecto.es. In February 2000, the FT launched a new German language newspaper, FT Deutschland, with a fully integrated online business news and data.
- FT Interactive Data is one of the world’s leading sources of securities pricing and specialist financial information to global institutional, professional and individual investors. Its products include eSignal, an online realtime streaming quotation service for brokers and active traders.
- FT Business produces specialist information on the retail, personal and institutional finance industries. It publishes the UK’s premier personal finance magazine, Investors Chronicle, and The Banker, Money Management and Financial Adviser for professional advisers.
- The Financial Times also has a stake in a number of joint ventures, including;
- FTSE International, a joint-venture with the London Stock Exchange.
- Vedomosti, Russia’s leading business newspaper and a partnership venture with Dow Jones and Independent Media
- A 50% stake in BDFM, publishers of South Africa’s leading financial newspapers and websites.
- A 50% stake in The Economist Group, which publishes the world’s leading weekly business and current affairs magazine.
The Financial Times is part of Pearson plc, the international media group.
New York: Gregory Roth 1-212-641-6611
London: Joanna Manning-Cooper 44-207-873-4447