Blog Archives

AP appoints Daisy Veerasingham as agency’s president and CEO By DAVID BAUDER Source:-apnews.com NEW YORK (AP) — The Associated Press appointed Daisy Veerasingham, its executive vice president and chief operating officer, as the news cooperative’s president and CEO on Tuesday, setting her up to replace the retiring Gary Pruitt at the beginning of next year. She will become the first woman, first person of color and first person from outside of the United States to lead the AP in its 175-year history. Veerasingham, 51, is a first-generation Briton of Sri Lankan descent. Her appointment speaks to the changing portrait of the AP, where 40% of the company’s revenue, double what it was 15 years ago, is now generated outside of the United States. She’ll be tasked with continuing to diversify income sources. The AP, caught in the same financial vise as most of the media industry, saw its revenue drop ...