Plurality

And so, after seven years in the job, Ashley Highfield is leaving the role of CEO at Johnston Press. You can read many things into the announcement from JP.

"He has agreed with the board that he will not put himself up for re-election at the AGM on 5 June. Ashley is leaving for family reasons and in order to fulfil his plans to transition to a be a 'plural' Non-Executive Director as the next phase of his career."

"Ashley's last day as CEO will be June 5 2018. He will not receive any salary after this date and there will be no further payments in lieu of notice. He previously decided to defer his bonus of £249,000, granted to him in respect of achievement of 2017 targets."

Ashley holds 352,598 JP shares - worth around £31,000 this morning. He leaves the company with debts of over £195m. It will be engaging to see which companies help him build a new life as a plural non-exec.

David King, formerly of BBC Worldwide, steps up from CFO to CEO.