FT.com Appoints New Publisher and Managing Editor

London - The Financial Times today announces the appointment of Ien Cheng as the new Publisher and Managing Editor of FT.com.

Ien Cheng is currently Publisher of FT Chinese.com (www.ftchinese.com), the leading international business website in China with over 450,000 registered users and 5 million monthly page views. He launched and designed the site, and has full commercial and operational responsibility for it. He will move to London to take up his new role in August.

Ien Cheng began his Pearson career working with Pearson Broadband before moving to the FT's editorial team, reporting for the newspaper and leading product development projects in New York and Hong Kong.

He will report to John Ridding, Chief Executive of the FT, and sit on the FT management board. On editorial issues, Ien will report to Lionel Barber, Editor of the Financial Times working closely with him and James Montgomery, Editor of FT.com

John Ridding, Chief Executive of the FT commented: "The development of FT.com is a priority for us, and we must be leaders in international business news and analysis online, as well as in print.  Ien is the right person to lead FT.com to the next stage of its development and I'm delighted to appoint him to this hugely important role. "

Ien Cheng commented: "I'm thrilled at the opportunity to run FT.com. These are exciting times for digital media and FT.com is well placed to make the most of the many opportunities presented in the digital era."

Nigel Pocklington, currently Director of Online Publishing and the commercial head of FT.com, is moving to an FT Group strategy role.

For further information

Joanna Manning-Cooper:
020 7873 4447 / 07753 811353
Biography of Ien Cheng available on request.

Notes

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, is 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 446,880 and a readership of more than 1.4 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 5.5 million unique monthly users (ABC electronic figures March 06), generating 41 million page views and has 84,000 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.  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.