Chief Operating Officer Neil Jagger has confirmed he is leaving Reach PLC as part of a cull of 550 jobs announced yesterday.
Speaking to the website betterRetailing, which revealed he had been placed on gardening leave last week, Jagger said: “I’m saddened to be leaving, but ready and hopeful for my next challenge.”
The industry veteran joined Reach precursor Trinity Mirror in 2013 from the Daily Mail, where he was Circulation Director. He was promoted from General Manager and Group Sales Director to CEO in August 2018.
As Prolific North reported yesterday, Reach, which owns the Manchester Evening News and Liverpool Echo, is to cut 12% of its total workforce. The publisher saw revenue sink by 27.5% in the quarter to the end of June, a period when a fifth of its staff were placed on furlough.