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Independent News & Media CEO Steps Down

LONDON (Alliance News) - Independent News & Media PLC said Friday that Chief Executive Officer ...

Alliance News 28 February, 2014 | 10:35AM
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LONDON (Alliance News) - Independent News & Media PLC said Friday that Chief Executive Officer Vincent Crowley will step down from his position and resign as a director, effective May 31, unless an earlier date is agreed.

Crowley will stay on in has role while Independent News & Media looks for a successor.

"On behalf of the Board and shareholders of INM, I wish to thank Vincent for his leadership and support and to acknowledge the very substantial progress made by INM under his stewardship," said Chairman Leslie Buckley in a statement.

The Dublin-based newspaper and media company said it would begin the search for a successor immediately.

Independent News & Media reiterated that its full-year results are expected to meet market forecasts. The company will announce its results March 13.

Shares in Independent News & Media were trading down 0.6% at EUR0.164 Friday morning.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

Copyright © 2014 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar
Rating
Independent News & Media PLC 0.10 EUR 2.63 -
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