CEO of Financial Times steps down.

CEO of Financial Times resigns

The CEO of Financial Times, John Ridding, after two decades in the position, announced his departure. This was reported by FT.

Ridding will remain with the Japanese media holding company Nikkei, the owner of FT, as a special advisor to the chairman and CEO Naotoshi Okada. He will also serve as the honorary chairman of the FT board and will promote the development of cooperation between the two companies.

The name of the new CEO will be announced after the completion of the recruitment process.

In a letter to employees, Ridding noted that 'the moment is right for a new phase of leadership.' He also highlighted 'a new phase of significant changes, where challenges vary from generative AI to generational shifts and new reading habits and demands.'

John Ridding has led the Financial Times since 2006 and organized its acquisition by Nikkei from Pearson in 2015.

Overall, he has worked at the publication for 35 years.

Earlier, 'Glavkom' reported on the disappearance of China's Minister of Industry and Information Technology, Jin Chuanglong, who had not appeared in public for several months.

In January of this year, Serbian Prime Minister Miloš Vučević also resigned due to mass protests against government policies.