After some 50 years at the helm, Lord Michael Heseltine will relinquish his role as executive chairman of Haymarket Media Group in January 2010.
His son Rupert Heseltine will replace him as executive chairman handling the day-to-day management of the trade publishing group, including event industry titles Event and C&IT magazine.
A company statement says: “Lord Heseltine will continue in his role as chairman of the overall Haymarket Group; at the same time Alan Kemp will relinquish his post as business development director and continue as a non-executive director on the Group Board.”
Kevin Costello is to assume responsibility as group MD for all UK businesses, as well as India, Australia, Germany and Hong Kong.
“I am thrilled to accept the role of executive chairman,” says Rupert Heseltine. “I look forward to developing the business and thank Michael for his trust and confidence in me. Michael has led us through recent difficult times.”