The Scott Trust announces the appointment of Dr Jonathan Paine as a non-executive director
Dr Jonathan Paine has been appointed to the Scott Trust board and will also join the Scott Trust Endowment board. He will also become a member of the joint audit committee for the group.
Jonathan was a managing director and senior adviser at Rothschild & Co., where he worked for 25 years as a specialist in the telecoms, media and technology industries. Following a long and successful career in banking, Jonathan returned to academic study and holds a D.Phil from Oxford University.
Ole Jacob Sunde, chair of the Scott Trust, said:
“Jonathan’s financial background and extensive media sector experience will be invaluable as we expand globally, grow the impact of our journalism and position the Guardian for long term success. We are extremely pleased to welcome him.”
Dr Jonathan Paine said:
“The Scott Trust offers a rare model of global media ownership and one I have long admired. I’m delighted to join the Scott Trust board and that of the Scott Trust Endowment and support their mission to secure the financial and editorial independence of the Guardian in perpetuity.”
Guardian Media Group is wholly owned by The Scott Trust Limited, which exists to secure the financial and editorial independence of the Guardian in perpetuity.
The current Scott Trust board members are: Ole Jacob Sunde (chair), Katharine Viner, Tracy Corrigan, David Olusoga, Dr Jonathan Paine, Stuart Proffitt, Matthew Ryder, Vivian Schiller, Russell Scott, Haroon Siddique, Margaret Simons, Nabiha Syed and Stephen Godsell.
The current Scott Trust Endowment board members are: Tracy Corrigan (chair), Jonathan Evans, Chris Hitchen, Dr Jonathan Paine, Gayle Schumacher and Ole Jacob Sunde.
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About The Scott Trust Ltd
The ultimate owner of the Guardian is The Scott Trust, which was originally created as a trust in 1936 to safeguard the title’s journalistic freedom. In 2008 it was replaced by a limited company with the same core purpose as the original trust: to secure the financial and editorial independence of the Guardian in perpetuity, while its subsidiary aims are to champion its principles and to promote freedom of the press in the UK and elsewhere. Other than to cover expenses, The Scott Trust takes no dividend from the Group’s businesses, whose profits are instead reinvested to sustain journalism that is free from commercial or political interference.
About the Scott Trust Endowment
The purpose of the Scott Trust Endowment is to secure the financial and editorial independence of the Guardian in perpetuity by adopting a long-term investment strategy. Its primary objective is to generate strong financial returns to invest in the operating business, while taking a proactive stance to responsible investing.
