FTSE-100 events group Informa kicks off hunt for new chairman

Informa, the FTSE-100 events radical down the Fort Lauderdale International Boat Show and World of Concrete, is kicking disconnected a hunt for its adjacent chairman.

Sky News has learnt that Informa, which has a marketplace capitalisation of astir £11.3bn, is moving with headhunters to find a successor to John Rishton.

City sources said connected Monday that Russell Reynolds Associates was handling the search.

A erstwhile main enforcement of Rolls Royce Group, Mr Rishton joined the Informa committee successful September 2016 earlier taking implicit arsenic president astir 5 years later.

People adjacent to the process said helium was apt to measurement down successful 2027, by which clip helium volition person served for astir 11 years arsenic a director.

Informa has a ample information division, which has been liable for a important proportionality of its caller growth.

Its assets see the historical maritime quality and investigation work Lloyd's List, which claims to beryllium the world's longest published concern newspaper.

Earlier this year, it emerged that Lord Carter, the company's main executive, had moved his residency to Dubai to bespeak its accelerated maturation prospects successful the Gulf region.

The motorboat of a hunt for a caller president and Lord Carter's caller relocation makes it progressively apt that helium volition widen his existent 12-year tenure by astatine slightest different 2 years.

Shares successful Informa, which declined to remark connected the hunt for Mr Rishton's successor, closed connected Monday astatine 885.2p.