Eighteen months after quitting its calamitous entry into the US market, British magazine and radio giant Emap has tapped the former boss of its stateside operations as its new chief executive.

Tom Moloney will replace Robin Miller, the interim ceo appointed after Kevin Hand fell on his sword in the wake of the American debacle, which cost Emap nearly $1 billion (€0.95bn; £0.62bn) [WAMN: 02-Jul-01].

At the time of Hand’s departure, Moloney managed to dodge much of the fallout from the US misadventure and returned to Britain as chief operating officer.

Data sourced from: BBC Online Business News (UK); additional content by WARC staff