Information  X 
Enter a valid email address

ITV PLC (ITV)

  Print      Mail a friend       Annual reports

Friday 25 September, 2009

ITV PLC

Update from ITV plc

RNS Number : 6897Z
ITV PLC
25 September 2009
 



25.09.09


UPDATE FROM ITV PLC


The Nominations Committee of the Board of ITV plc announces that it has terminated its discussions with Tony Ball. The Committee has negotiated exhaustively with Mr Ball, and throughout has been fully cognisant of, and responsive to, the views of its shareholders.


The process of negotiation and discussion has highlighted a number substantial differences, including a failure to finally agree contractual arrangements, together with a disagreement over the future Chairmanship. The Committee has therefore concluded that it would not be in the best interests of the Company to appoint Mr Ball as ITV plc's Chief Executive.  


During the Chief Executive search process, it was agreed between the Committee and Michael Grade that whatever the outcome he would stand down as Chairman. The search process for a new chairman is well advanced and discussions are ongoing with a number of external candidates. The Committee is confident of appointing a new non-Executive Chairman in the near future. The first task of the new Chairman will be to appoint a new Chief Executive.


The Committee is pleased that Michael Grade has agreed to continue to lead the Company as Executive Chairman until the new non-Executive Chairman is appointed and in post.  


-ends-


For further information: 


ITV plc


Investor Relations


Christy Swords - Director of Investor Relations             Tel: 020 7157 6572

Pippa Foulds - Head of Investor Relations                     Tel: 020 7157 6555


 

Press queries                                                                  Tel: 0207 156 7266


Mark Gallagher - Director of Group Corporate Affairs     Tel: 020 7156 7267

Louise Evans - Head of Corporate Communications     Tel: 020 7156 7358


Tulchan Communications Group                                    Tel: 020 7353 4200


Andrew Grant

Tom Rayner



This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCBBGDCSXDGGCU