21 September 2005
21st September 2005
ITV plc announced today that Henry Staunton plans to step down as Finance
Henry joined Granada Group plc as Finance Director in 1993. During his time
with Granada, Henry oversaw many transformational changes as the business grew
through a series of acquisitions, including LWT and Forte. Following the merger
with Compass in 2000 Granada Media was formed as a pure media business. Granada
and Carlton merged in 2004 and Henry was instrumental in the successful delivery
of merger savings and the rapid integration of the two businesses as ITV plc.
Henry will remain with ITV until a successor is appointed and recruitment
consultants are being appointed to advise on that process.
Charles Allen, ITV Chief Executive, said:
'Henry and I have worked closely together for more than twelve years during
which time he has unfailingly delivered on the Board's requirement for strong
financial control, and has been at the very centre of many major acquisitions
and mergers that have been successfully accomplished.
'Henry leaves us with our very best wishes for the future and our thanks to him
for agreeing to stay on until we have located a successor.'
Henry Staunton said:
'I have very much enjoyed my time with Granada, helping to build the business
over the years, and now culminating with the completion of the merger creating
'As we restructure the business to improve the integration of internal
functions, and better serve our viewers and advertisers, I am pleased to stay
and help in that process whilst a successor is identified.'
ITV Tel: 020 7620 1620
Citigate Dewe Rogerson Tel: 020 7638 9571
This information is provided by RNS
The company news service from the London Stock Exchange