08 August 2006
ITV PLC - CHANGE IN THE DIRECTORATE
ITV plc announces that the Board has agreed with Charles Allen that he will step
down as Chief Executive and Director of the Company. Charles will work to
facilitate an orderly transition and it has been agreed that John Cresswell will
be appointed interim CEO with effect from 1st October and will work with Charles
through the handover period. The search for a permanent successor is starting
immediately and headhunters are being appointed.
Charles Allen has been at Granada plc and then ITV plc for 15 years, 10 of which
as Chairman or Chief Executive. During that time he led the consolidation of
ITV, culminating in the successful merger of Granada and Carlton to create a
single ITV plc in early 2004.
Sir Peter Burt, Chairman, said:
'The Board of ITV plc owes its thanks to Charles for his success in creating a
single ITV company from the federal structure that he inherited and for
preparing the company for television in the digital age. Charles has done an
excellent job over the past two years in integrating the business after the
merger, in reducing costs and in reducing the burden of regulation on ITV and
at the same time developing ITV's successful family of digital channels. The
growth in the Company's business and profits since the merger reflects that
success. I have enjoyed working with Charles over the past two and a half
years and we all wish him the best in the future. We shall watch with great
interest his future contribution to UK plc.
I am delighted that we have someone of the calibre of John to take over in the
short term, and the Board has every confidence in his ability to hold the fort
pending the appointment of Charles' successor.'
Charles Allen, Chief Executive, said:
'I have enjoyed enormously my 15 years with Granada and ITV and especially in
creating a single ITV Company and shaping the nation's number one commercial
broadcaster as a major player in the digital age. Over that time I have
worked with the most talented and creative people in the industry and am
pleased that so many of them are now in the strong management team that is
implementing our strategy to develop ITV's businesses for the future. I am
particularly proud of the work that my colleagues have done in creating one
of the top production companies in Europe, building the leading commercial
family of digital channels, creating the foundations of our consumer business
and building confidence in our national and regional news. I have made many
friends amongst my colleagues and I wish them all the best for the future.
My focus now is to support John and the Board through the transition process,
following which I will move forward to the next chapter of my life and a new
set of challenges.'
Notes to Editors:
John Cresswell is currently Finance Director of ITV plc.
John is a Chartered Accountant and has worked in the television industry for
nearly 20 years. He is 44 and is married with three children.
2006 Finance Director ITV plc
2005 Chief Operating Officer of ITV plc
2000 - 2005 Granada/ITV plc
2004 - 2005 Chief Operating Officer, Granada (at formation of ITV plc)
2001 - 2004 Chief Operating Officer and FD, Granada Content
2000 - 2001 Director of Operations, Granada Content
1992 - 2000 United Broadcasting and Entertainment Ltd
1998 - 2000 Chief Operating Officer
1996 - 1998 Finance Director
1993 - 1995 Finance Director, Meridian Broadcasting
1987 - 1992 TVS Television
ITV plc Brigitte Trafford
020 7843 8000
Citigate Dewe Rogerson Jonathan Clare
020 7638 9571
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