Menu
18/11/2009
Archie Norman Is New ITV Chairman
ITV has announced that Archie Norman has been appointed as the broadcaster's new boss.
Mr Norman, a former Conservative politican and the Asda Chief Executive - who is credited for turning the supermarket chain's fortunes around in the 1990s - will take over the post from Michael Grade, who is stepping down, in January 2010.
Commenting on his new post, Mr Norman said: "There are few opportunities that would have tempted me back into the public company arena, but ITV is definitely one of them. It is an irresistible challenge, a great brand, a people business with enormous talent, but facing an imperative for change: the challenge of adapting to complete in a fragmented digital media world.
"Thanks to Michael Grade's remarkable work the company has come through the worst advertising recession for decades and now has a strong platform to embrace that challenge."
Speaking on behalf of the Board, Sir James Crosby, Chairman of the Nominations Committee said: "We are delighted that Archie is to become the next Chairman of ITV. He has an outstanding track record in business and we believe that his extensive experience of both business and public life will be of significant benefit to ITV in the years ahead."
Mr Norman will be paid an annual salary of £300,000 per year and will be given 1.2 million shares in the broadcaster over the next three years - 400,000 for each year.
Mr Norman will now face the task of appointing a new Chief Executive. John Cresswell will remain in the position of Interim Chief Executive until then.
Sir James Crosby, who is also ITV's Senior Independent Director, has also announced his intention to resign from the Board. He will stand down on the appointment of a successor to this role.
(KMcA/BMcC)
Mr Norman, a former Conservative politican and the Asda Chief Executive - who is credited for turning the supermarket chain's fortunes around in the 1990s - will take over the post from Michael Grade, who is stepping down, in January 2010.
Commenting on his new post, Mr Norman said: "There are few opportunities that would have tempted me back into the public company arena, but ITV is definitely one of them. It is an irresistible challenge, a great brand, a people business with enormous talent, but facing an imperative for change: the challenge of adapting to complete in a fragmented digital media world.
"Thanks to Michael Grade's remarkable work the company has come through the worst advertising recession for decades and now has a strong platform to embrace that challenge."
Speaking on behalf of the Board, Sir James Crosby, Chairman of the Nominations Committee said: "We are delighted that Archie is to become the next Chairman of ITV. He has an outstanding track record in business and we believe that his extensive experience of both business and public life will be of significant benefit to ITV in the years ahead."
Mr Norman will be paid an annual salary of £300,000 per year and will be given 1.2 million shares in the broadcaster over the next three years - 400,000 for each year.
Mr Norman will now face the task of appointing a new Chief Executive. John Cresswell will remain in the position of Interim Chief Executive until then.
Sir James Crosby, who is also ITV's Senior Independent Director, has also announced his intention to resign from the Board. He will stand down on the appointment of a successor to this role.
(KMcA/BMcC)
Related UK National News Stories
Click here for the latest headlines.
13 May 2004
SMG settles differences with ITV over digital rights
Following the recent sale of the Scottish Media Group's (SMG) 25% GMTV stake to ITV plc, the two companies have reached an agreement on the use of the ITV brand name and the use by ITV plc of SMG's digital spectrum in Scotland.
SMG settles differences with ITV over digital rights
Following the recent sale of the Scottish Media Group's (SMG) 25% GMTV stake to ITV plc, the two companies have reached an agreement on the use of the ITV brand name and the use by ITV plc of SMG's digital spectrum in Scotland.
21 November 2006
ITV rejects merger approach by NTL
The Board of ITV has rejected a merger proposal from NTL as one with "little strategic logic." In a statement, the Board said it believed that "whereas there is obvious appeal to NTL in gaining control of ITV's substantial and successful business, from ITV's perspective there is little, if any, strategic logic for ITV to combine with NTL.
ITV rejects merger approach by NTL
The Board of ITV has rejected a merger proposal from NTL as one with "little strategic logic." In a statement, the Board said it believed that "whereas there is obvious appeal to NTL in gaining control of ITV's substantial and successful business, from ITV's perspective there is little, if any, strategic logic for ITV to combine with NTL.
30 October 2009
New Look For ITN
ITV News will unveil a new look across all of its national programmes from Monday, which will be supported by a major on and off-air marketing campaign promoting news throughout the schedule.
New Look For ITN
ITV News will unveil a new look across all of its national programmes from Monday, which will be supported by a major on and off-air marketing campaign promoting news throughout the schedule.
03 August 2011
Smoother Ride For Care Workers Minicab Laws
Volunteers, childminders and care workers should be freed from the unnecessary and costly process of being licensed as minicabs following guidance published by Transport Minister Norman Baker today.
Smoother Ride For Care Workers Minicab Laws
Volunteers, childminders and care workers should be freed from the unnecessary and costly process of being licensed as minicabs following guidance published by Transport Minister Norman Baker today.
08 August 2006
ITV chief Allen to leave broadcaster
ITV plc Chief Executive Charles Allen has announced that he is to leave the broadcasting giant. Finance Director John Cresswell will be appointed interim CEO from 1st October and that Allen will "work to facilitate an orderly transition". The search for a permanent successor is starting immediately and headhunters are being appointed.
ITV chief Allen to leave broadcaster
ITV plc Chief Executive Charles Allen has announced that he is to leave the broadcasting giant. Finance Director John Cresswell will be appointed interim CEO from 1st October and that Allen will "work to facilitate an orderly transition". The search for a permanent successor is starting immediately and headhunters are being appointed.
-
Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
