Magazine veteran Mike Soutar named Evening Standard CEO
The Evening Standard has appointed Mike Soutar as its new chief executive.
Soutar has had a long career in print media, most recently as co-founder of now-defunct men's magazine Shortlist.
He also worked as editor of FHM and, prior to that, editor of Smash Hits. He was also a director at Ti Media, formerly IPC.
The Evening Standard has endured a difficult few months, including questions over a stake in the paper bought by a Saudi investor. Ofcom said there were no grounds for an probe into the investment.
Meanwhile an increasingly challenging advertising market has seen the Standard record consecutive losses for almost three years. The paper recorded an £11.5 million pre-tax loss in the year to September 2018.
Commenting on the appointment, Standard owner Evgeny Lebedev, said: “We are delighted that Mike has joined the Evening Standard at this important time for the company and wider industry and are confident that his vast media experience and leadership skills will make a great success of this new role.”
Soutar added: "I’ve been a regular reader of the Evening Standard since the late 1980s when I first moved to London. I look forward to working with the talented team to grow an even stronger business that will continue to play a central role in shaping and reporting the cultural and political development of the greatest city in the world."