Helen Alexander, The Economist Group’s chief executive, is stepping down at the company’s annual general meeting on 15 July to become an adviser to Bain Capital.
Alexander joined The Economist as marketing manager in 1985. She ran its international circulation before becoming managing director of the Economist Intelligence Unit until 1997, when she became chief executive.
Over the past five years, the operating profit of The Economist Group has increased by 75 percent and the circulation of The Economist has increased by nearly 50 percent to 1,306,939. In 1985 it was 264,000
She will continue as a non-executive director of Centrica, the energy supplier, and Rolls-Royce Group, an engineering firm.
Alexander said: “Now is the time for a new chief executive to take over. The temptation would be to stay too long: but it’s the right time for me to move on.
Bain Capital, alongside its rival Thomas H Lee Partners, is currently suing the banks funding its acquisition of Clear Channel, a US media group.