Financial Times appoints Michael Rzesnitzek as Managing Director, EMEA

The Financial Times today announces the appointment of Michael Rzesnitzek as Managing Director for the UK, Europe, Middle East and Africa (EMEA) region.

Michael Rzesnitzek, a German national who studied in the UK and France, is currently Managing Director of FT Deutschland, Germany's fastest growing newspaper which was launched 5 years ago by the Financial Times and Gruner & Jahr.

He will join the Financial Times in February, be based in London, and report to Chief Executive Officer Olivier Fleurot.

In his new role, Mr Rzesnitzek will oversee all the FT's commercial operations in print and online in the EMEA region.

The Financial Times is Europe's leading international daily newspaper, is printed in 8 European cities (London, Leeds, Dublin, Roubaix, Frankfurt, Stockholm, Milan and Madrid), and on sale in 40 European countries.

Olivier Fleurot, CEO of the Financial Times, commented:
"Michael is a proven publisher, with strong strategic and operational skills and an excellent knowledge of the European market. Michael has done a terrific job at FT Deutschland, launching the paper 5 years ago and developing and nurturing it into Germany's fastest growing newspaper, with a circulation approaching 100,000.  He will be a very strong addition to our management team, and I'm delighted he is joining us in London."

Michael Rzesnitzek commented:
"After 5 fascinating years at FT Deutschland, I'm hugely excited by the new challenge of running the FT's operations in EMEA. The Financial Times is the world's leading business newspaper brand, and I'm delighted to be joining the management team."

Michael Rzesnitzek is succeeded at FT Deutschland by new joint Managing Directors Christoph Ruth and Dr Christoph Weger. Both are senior members of the current FTD management team.

For further information:

Joanna Manning-Cooper, Financial Times: + 44 (0) 20 7873 4447
joanna.manning-cooper@ft.com

Notes to Editors

The Financial Times Group, one of the world's leading business information companies, aims to provide a broad range of business information and services to the growing audience of internationally minded business people.

The FT Group includes:

  1. The Financial Times, one of the world's leading business newspapers, recognised internationally for its authority, integrity and accuracy. Providing extensive news, comment and analysis, the newspaper is printed in 23 cities across the globe, has a daily circulation of over 425,000 and a readership of more than 1.6 million people worldwide.
  2. FT.com is one of the world's leading business information websites, and the internet partner of the FT newspaper. Since its relaunch in May 2002, the website has continued to be the definitive home for business intelligence on the web, providing an essential source of news, comment, data and analysis for the global business community. FT.com attracts 3.6 million unique monthly visitors, generating 58.2 million page views and has over 76,000 subscribers. FT.com broke even in December 2002.
  3. The FT Group'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 service.
  4. Through FT Interactive Data, the FT Group 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.
  5. FT Business, which 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.
  6. The Financial Times Group 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 journal.
    • A 13.85% stake in Business Standard, one of India's leading financial newspapers.

The FT Group is part of Pearson plc, the international media group.