Monday, May 29, 2017


As Johnston Press shares continue to drift, a new non-executive has arrived, with connections to one of the group's major investors.

Jamie Buchan, with a background in marketing, made a name for himself turning around the fortunes of the exhibition venue Excel, then owned by Malaysian/Tamil entrepreneur, Ananda Krishnan. He went on to be chief executive of struggling care home giant Southern Cross, but couldn't help save it from collapse in 2011, and left without severance pay.

Ananda Krishnan's company, PanOcean Management, owns just over 10% of JP (sadly worth a smidge over £1.4m currently). Jamie Buchan is chief executive of Craigewan, a property development company, based in Great Portland Street. One of their projects is the £1.5bn St John's Wood Barracks scheme, funded by Ananda Krishnan.

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