Independent News & Media Plc (INM.L) announced that Vincent Crowley will step down as Group Chief Executive Officer and resign as a Director of the Company over the coming months. Crowley will depart the company on 31 May 2014 unless an earlier date is agreed.
The company stated that Crowley will continue in his existing role during the selection process for a new Group CEO, which shall commence immediately using an external advisor. Progress in this regard will be announced as soon as practicable.
Vincent Crowley joined INM in 1990. He was appointed Group CEO in April 2012 having served as Group COO since November 2009. Previously, he had served as Chief Executive of Independent News & Media (Ireland) since 2002 and prior to that as CEO of APN. He was appointed to the APN Board in March 2009.
The company said that it expects 2013 results to be in line with market expectations, and will publish the results on 13 March 2014.
by RTT Staff Writer
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