EMI APPOINTS SLY BAILEY AS NON-EXECUTIVE DIRECTOR
LONDON, 2 APRIL 2004 -- EMI Group plc today announces the appointment of Sly
Bailey as non-executive director of the company.
Sly, 42, has been chief executive of the UK's largest newspaper publisher,
Trinity Mirror plc, since February 2003. Prior to that she was chief executive
of IPC Media, the leading consumer magazine publisher in the UK. Sly has a
distinguished career in newspaper and magazine publishing. As well as being a
director of Trinity Mirror, she is also a director of The Press Association
Eric Nicoli, chairman of EMI Group, said: "I am delighted that Sly is joining
the EMI board. She has a broad and successful background in the media sector
and she understands the challenges of balancing creative freedom with
commercial discipline. At Trinity Mirror, she is leading a transformation of
the business just as we are at EMI and she will be an excellent addition to our
world-class non-executive team."
Sly Bailey said: "EMI is a well run group with a clear vision to be the world's
best music company. I feel that I can contribute as a board member and I am
excited at the opportunity to do so.
"I am very impressed with the way that the management has addressed the
challenges in a rapidly changing marketplace and established a strong platform
for exploiting the opportunities in the digital arena."
Sly Bailey was appointed chief executive of Trinity Mirror plc in December 2002
and joined the group on 3 February 2003. Trinity Mirror is the UK's largest
newspaper publisher, with some 250 titles and 11,500 employees.
Sly joined Trinity Mirror from IPC Media, the largest consumer magazine
publisher in the UK. Upon her arrival she conducted a strategic review of the
group and devised a three-phase strategy designed to improve performance and
enhance shareholder value. Trinity Mirror's preliminary results announcement
in February 2004 showed the strategy was delivering ahead of expectations and
that the group had achieved the best year on year profit improvement since
Trinity and Mirror Group merged in 1999.
Sly began her career in 1984 as a sales executive with The Guardian newspaper,
before moving to The Independent newspaper in 1987 as advertisement sales
manager, before joining IPC in 1989.
After holding a number of senior commercial roles with the company, she was
appointed to the board of IPC in 1994 at the age of 31 - the youngest ever
board member of IPC. In 1997, she became managing director of the company's
television magazines division IPC tx Ltd. She was part of the board team that
undertook the Cinven-backed management buyout of the IPC business from Reed
Elsevier in early 1998.
In December 1999, Sly was appointed chief executive of the entire IPC business
aged 37. In October 2001, she successfully led the £1.15 billion sale of the
company to Time Inc, the publishing division of AOL Time Warner, the world's
largest media organisation.
Sly was named as one of the '50 Most Powerful Woman in Britain' by Management
Today in 2002 and one of Britain's most influential woman by the Daily Mail in
2003. Also in 2003, she entered the top 20 of MediaGuardian's 100 most
influential figures in media Fortune magazines top 50 most powerful business
woman outside the US.
She is a director of The Press Association and the current president of the
NewstrAid Benevolent Society, the charity for the distribution section of the
Sly was born on 24 January 1962.
- ENDS -
Amanda Conroy, EMI +44 (0) 20 7795 7529
Patrick Handley, Brunswick +44 (0) 20 7396 5395