Yahoo Movies Scott Trust appoints new chair
The Scott Trust, the sole shareholder of Guardian Media Group, today announces the appointment of Ole Jacob Sunde as its new chair.
Ole Jacob joined the Scott Trust in 2015 and was appointed Acting Chair in March 2021. He has been associated with Schibsted ASA, Scandinavia’s largest media group, for 30 years, having been elected to the Schibsted Board in 2000 and serving as its Chair since 2002. He is also the Chair of the Tinius Trust, and a member of the Board of Visitors at Columbia University School of Journalism.
David Olusoga, chair of the Scott Trust’s nominations committee, said:
“Ole Jacob is an authority on the critical importance of independent journalism. He also brings deep expertise in digital media, as chair of Scandinavia’s largest media group.
“These qualities, and his personal integrity and commitment to the Scott Trust’s values, make him the ideal person to chair and oversee the Trust in a critical period. Scott Trust members were pleased to endorse him as chair on a unanimous basis.”
Ole Jacob Sunde said:
“The Guardian, The Observer and the Scott Trust itself are hugely important institutions in global media, whose names are bywords for journalistic excellence, independence, courage and integrity.
“I was privileged to join the Trust in 2015 and I now feel honoured to accept the role of chair, with the support of my fellow Trust members. I look forward to supporting the Scott Trust’s mission and working to secure the financial and editorial independence of the Guardian in perpetuity.”
ENDS
Notes to editors
About the Scott Trust
The core purpose of The Scott Trust is to secure the financial and editorial independence of the Guardian in perpetuity. The Trust was originally created in 1936 to secure the financial and editorial independence of the Guardian in perpetuity and to safeguard the journalistic freedom and liberal values of the Guardian, free from commercial or political interference.
The Trust was reconstituted in 1948 and in 2008 replaced with The Scott Trust Limited, a limited company with the same protections for the Guardian enshrined in its constitution. The Scott Trust is the sole shareholder in Guardian Media Group. Its profits are reinvested in journalism and do not benefit a proprietor or shareholders.
About Ole Jacob Sunde
Ole Jacob Sunde is Chair of the board of Schibsted, one of the Nordic region’s largest and most successful digital media businesses with over £1 billion (13 billion Norwegian krone) in annual revenues and 5,000 employees.
Ole Jacob is also chair of The Tinius Trust, the largest shareholder in Schibsted, established in 1996 to secure free and independent publications within Schibsted and ensure its sustainable economic development. You can read an interview with Ole Jacob about the Tinius Trust and Schibsted here.
He is the founder and a board member of formue.no private bank, and also invests in start-ups and works with initiatives related to the sustainable development goals.
