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Industry Moves: Helm Taken By Grimshaw

This story was written by Robert Andrews. is promoting online advertising director Rob Grimshaw to managing director, effectively replacing outgoing managing editor and publisher Ien Cheng. Grimshaw had been involved in developing the new, third-way access model Cheng unveiled in October - a half-way house that gives readers more free articles but which ultimately still requires a paid subscription. FT CEO John Ridding: "We have gained good momentum, with revenues rising by 40 percent over the past year, and traffic increasing by more than 80 percent. Our new access model has proved a successful innovation, delivering more than 400,000 registrants."

By Robert Andrews