RNS Number : 2763G
28 January 2010
28 January 2010
ITV appoints Adam Crozier as Chief Executive
ITV plc is pleased to announce the appointment of Adam Crozier as Chief Executive. Adam, who is currently Chief Executive of Royal Mail Group, will take up his role later this year.
Archie Norman, Chairman of ITV plc, said: "I am thrilled that Adam is joining us as Chief Executive. ITV is a strong brand with talented people, facing an imperative for change as the media landscape evolves. Adam is a very strong leader with a great track record in delivering transformational change. He has worked successfully in talent-driven organisations, with government and regulators, and has a thorough understanding of the media, advertising and branding industries.
"His task is to bring together the skills and talent within ITV to drive the business on its strategic journey. Adam was the unanimous choice of the Non-Executive Directors of ITV after a very full and thorough search process.
"In his seven years at the Royal Mail, Adam has transformed the Group from a loss-making organisation into a profitable business that last year doubled its operating profits to more than £320m. He implemented a £2bn transformation programme and established the Post Office as a leading brand in financial services, with a fast-growing on-line business.
"I and the rest of the Board would like to thank John Cresswell, who remains in place as Interim Chief Executive, for his strong leadership and success in steering the business through the last year and helping build the platform for change."
Adam Crozier said: "I am very excited to be joining ITV - a company with a great heritage and one of the best brands in the UK. The entire media sector is going through enormous change and that presents both great opportunities and significant challenges for everyone in the industry. The objective for ITV is to rise to those challenges and put itself at the forefront of change. I am very much looking forward to working with the people at ITV and leading the transformation ahead."
Louise Evans - 020 7157 3710 / 07825 680994
Christy Swords - 020 7157 6572
Pippa Foulds - 020 7157 6555
Andrew Grant / Susanna Voyle, Tulchan - 020 7353 4200
Notes to Editors:
Adam Crozier Biography
Adam Crozier, aged 46; BA in Business Organisation, Heriot Watt University; Honorary Doctor of Letters, Heriot Watt University.
Currently Group Chief Executive, Royal Mail Group plc; Non-Executive Director Debenhams plc; Non-Executive Director of Camelot; Chairman of the Employers' Forum for Disability.
Adam Crozier has led the Royal Mail Group as Chief Executive since February 2003. He has taken the business from losing more than £1m a day to making £1m a day. Last year all four companies in Royal Mail Group became simultaneously profitable for the first time in 20 years.
The change has been achieved through a £2bn modernisation programme that has greatly increased efficiency and has already resulted in a reduction in costs of more than £1.5bn. Royal Mail profits doubled last year, driven by increased efficiency - and are continuing to rise in spite of rapidly falling volumes in the mail markets both in the UK and overseas.
Through the Post Office he has successfully built a financial services business with more than 2m customers - with 70 per cent of that business is done on-line, making it one of the UK's leading internet operations. The business is the market leader in foreign exchange and the fastest growing company in both travel and car insurance
At the Football Association he more than doubled turnover over three years and took over the failed funding effort for the new Wembley Stadium and subsequently secured financial backing for the £700m project.
During his five years tenure as CEO of Saatchi & Saatchi, the agency was voted Creative Agency of the Year (1996) and Europe's most admired agency (1999).
February 2003 - to date: Group Chief Executive, Royal Mail Group plc
January 2000 - November 2002: Chief Executive, The Football Association
1988 - 1999: Saatchi & Saatchi Advertising; roles including Joint Chief Executive (UK) from 1995 to 1999
1986 - 1988: Sales and Marketing Executive, Telegraph Newspapers
1984-1986: Management trainee, Mars UK
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