B2B publisher Haymarket Media Group must be running out of people to fire: founder, owner and executive chairman Lord Heseltine has sacked himself. The company announced on Thursday that the former deputy Prime Minister will step down on January 1st and handing over the role his son Rupert. Heseltine senior remains chairman of the international Haymarket Group, however. Haymarket Group biz dev director Alan Kemp also steps down but continues on the board as a non-exec director. Release.
HMG has been through the mill recently, with the print closure of Media Week and Revolution and 18 redundancies.
Heseltine founded Haymarket in 1957 but only took full control of it in 2007 after a long-standing agreement saw him buy out other shareholders.