The Australian Financial Review has launched another successful raid on The Australian, announcing Michael Stutchbury as editor-in-chief of the newspaper.
His appointment comes shortly after the arrival of Brett Clegg as CEO and publisher of the AFR after a brief stint as deputy CEO on the Australian.
Former AFR CEO Michael Gill and editor Glenn Burge were ousted in March in one of the first moves by new Fairfax Media CEO Greg Hywood.
The AFR also raided The Australian to bring back James Chessell as deputy editor.
Clegg said of Stutchbury’s appointment: “We are very pleased to have Michael joining us. He has a unique combination of professional experience and intellectual gravitas making him the ideal candidate to assume one of the most important roles in Australian journalism.
“Michael and I share a vision and passion to revitalise the Financial Review Group offerings and to advance the participation and place of our quality journalism in the national discourse.
“We both hold strong views around the crucial role that The AFR can, should and must play in reporting and analysing policy formation and business activity in this country – especially as it impacts upon our core business and financial markets constituencies.”
Clegg pointed out that Stutchbury – currently economics editor on The Australian – had also worked at the AFR for 16 years, albeit earlier in his career. He said: “We are welcoming Michael back to the AFR. Michael spent a large part of his early career as a journalist at The AFR while later moving on to experience life at other publications and organisations. These experiences provide him with a deep appreciation and respect for the traditions of the Financial Review while also understanding the innovations and changes that are necessary to take our proud publications and our digital offerings into the future.”