Finance
UK's Daily Mirror Publisher Reach to Start Search for Next Chairman, Sky News Reports
Published by Global Banking & Finance Review®
Posted on April 2, 2026
2 min readLast updated: April 2, 2026
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Quick Summary
Reach Plc, publisher of the Daily Mirror, has announced a formal search for its next chairman as incumbent Nick Prettejohn plans to step down by the 2027 annual meeting, with preparatory steps including hiring an independent search firm beginning in 2026.
Daily Mirror publisher Reach to start search for next chairman, Sky News reports
Reach Plc Chairman Succession Plans and Market Impact
Chairman Nick Prettejohn's Planned Departure
April 2 (Reuters) - Britain's Reach Plc will begin a formal search for a new chairman as Nick Prettejohn prepares to step down, as disclosed by the company in its annual report last month, Sky News reported on Thursday.
Timeline for Succession
Sky News said Prettejohn was preparing to step down before the company's annual meeting in May 2027.
Company Response
Reach declined to comment on the Sky News report. The publisher of the Daily Mirror announced Prettejohn's departure in its annual report published on March 17.
Details from Annual Report
Succession Process and Search Firm Appointment
In the report, Prettejohn said his tenure would reach nine years in March 2027 and that "preparatory steps" for a succession process would begin during 2026, including the appointment of an independent search firm.
Market Reaction
Share Performance
Shares in Reach, which has a portfolio of more than 120 print and digital titles, fell about 28% last year and were last down around 2.5% on Thursday.
Reporting Credits
(Reporting by Rishab Shaju in Bengaluru; Editing by Tasim Zahid and Jan Harvey)
Key Takeaways
- •Nick Prettejohn will complete a nine‑year tenure as chairman in March 2027 and has signalled his intention to step down, prompting a structured succession plan to begin next year (reachplc.com)
- •The Nomination Committee plans to launch a rigorous and prepared recruitment process, including engaging an independent search firm, during 2026 to ensure a smooth transition (reachplc.com)
- •Reach plc is the UK's and Ireland’s largest commercial news publisher, operating over 120 print and digital brands, including the Daily Mirror, and is led by CEO Piers North, who succeeded Jim Mullen in March 2025 (reachplc.com)
References
Frequently Asked Questions about UK's Daily Mirror publisher Reach to start search for next chairman, Sky News reports
1Who is the current chairman of Reach Plc?
Nick Prettejohn is the current chairman of Reach Plc.
2When will Nick Prettejohn step down as chairman?
Nick Prettejohn will step down by Reach Plc's 2027 annual meeting.
3What action is Reach Plc taking regarding its leadership?
Reach Plc will start a formal search for its next chairman.
4Which publication reported the news about the chairman search?
Sky News reported about Reach Plc's upcoming chairman search.
