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Statement re Appointment of CEO

DUBLIN & LONDON--(BUSINESS WIRE)--

“The Board is delighted to announce the appointment of Robert Pitt and to welcome him to the Company. The news publishing sector faces many challenges and Robert Pitt, whose extensive experience includes change-management and digital strategy, is well equipped to lead INM into the future.”

APPOINTMENT OF CEO

ROBERT PITT APPOINTED CEO

Ticker: (Bloomberg) INM.ID/INM.LN and (Reuters) INME.I/INME.L

Dublin/London 15 July 2014: Independent News & Media PLC (‘INM’ or the ‘Company’) today announces the appointment of Mr Robert Pitt (43) as Group Chief Executive Officer (‘CEO’) of the Company. He will take up his role in Autumn 2014.

Mr Robert Pitt

A graduate of University College Dublin, with a BA in Economics, Robert Pitt’s senior management career spans nearly twenty years. Most recently he held senior management roles in the retail sector in Eastern Europe. From May 2012 he has been Chief Operations Officer of Tesco Czech Republic, prior to which he held the positions of Managing Director, Tesco Franchise Stores in the Czech Republic; and Operations Director, Hypermarkets Tesco, Czech Republic and Slovakia. He held senior management positions for Lidl in the Czech Republic, Slovakia and Ireland from 1999 to 2007. From 1997 to 1999 he was General Manager at Shibo in Beijing, prior to which he worked with PwC in the Czech Republic.

Robert Pitt takes over from Vincent Crowley who stepped down as the Company’s CEO in May 2014. His selection is the result of a thorough recruitment process undertaken by the Nominations Sub-Committee of the Board in conjunction with an independent recruitment firm. Mr Pitt is an Irish National.

Welcoming Robert Pitt’s appointment as CEO, Leslie Buckley, Chairman, INM, said: “The Board is delighted to announce the appointment of Robert Pitt and to welcome him to the Company. The news publishing sector faces many challenges and Robert Pitt, whose extensive experience includes change-management and digital strategy, is well equipped to lead INM into the future.”

Robert Pitt is married and has four children.

-Ends-

Media Contact

Nigel Heneghan

Heneghan PR

+ 353 86 258 7206 (mobile)

+ 353 1 660 7395

nigel@hpr.ie

         

Investor/Analyst Contact

Jonathan Neilan/ Melanie Farrell

FTI Consulting

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Jonathan.neilan@fticonsulting.com

Melanie.farrell@fticonsulting.com

 

Short Name: Indept. News & Media
Category Code: STR
Sequence Number: 424579
Time of Receipt (offset from UTC): 20140714T194639+0100

Contacts

INDEPENDENT NEWS & MEDIA PLC