Trinity Mirror Board Change
Trinity Mirror plc ("Company/Group") announces that Sly Bailey is to step down as Chief Executive of the Group. She has today given the Board her notice and is expected to leave at the end of the year.
By December she will have served almost 10 years with the Company during which she has led it through the worst and longest economic downturn the country has seen. Despite the challenging environment the actions she has taken, together with her team, have ensured the Company has consistently delivered robust profits. Importantly, Sly has also established the basis of a digital strategy for the Group going forward.
The Group will now publicly start the search for her successor.
Sir Ian Gibson said "The Company and the Board are grateful to Sly for her immense contribution and leadership over an extended period and wish her well for the future."
Sly Bailey said "For the past ten years I have had the privilege of being CEO of Trinity Mirror Plc, a fascinating and all consuming role. Newspapers are a business like no other.
Now I feel the time has come to hand over to someone else to take up the challenge and for me to seek new challenges and opportunities elsewhere.
My immediate priority is to continue to run the business, to deliver the best possible performance for 2012."
Trinity Mirror plc
Nick Fullagar, Director Corporate Communications 020 7293 3622
John Waples 020 7269 7292
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