Sly Bailey exits Trinity Mirror six months early

Sly Bailey is leaving her role as chief executive of Trinity Mirror six months earlier than expected, the company announced today (15 June).

Sly Bailey: leaves Trinity Mirror
Sly Bailey: leaves Trinity Mirror

Bailey's departure has been discussed at a senior management meeting today. She is to leave with immediate effect.

Trinity Mirror said it was "progressing" with its search for her replacement and was working with headhunter Egon Zehnder International.

Vijay Vaghela, group finance director, working with chairman David Grigson, is assuming the role of chief executive until a replacement is found.

Vaghela has been tipped as a strong candidate as replacement for Bailey, along with Trinity Mirror's managing director Mark Hollinshead.

Grigson said today: "The company and the board are grateful to Sly for her immense contributions and leadership over nearly 10 years.

"Despite the deep economic downturn, the actions she has taken with her team have ensured the company has consistently delivered robust profits."

Bailey was chief executive of Trinity Mirror for 10 years.

Her departure was announced just after months after the group reported a 40% drop in pre-tax profits, along with shareholder unrest over her pay packet.

Follow John Reynolds on Twitter @johnreynolds10

Have your say...

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Media Week Jobs
Search for more media jobs

Latest

Inspiring the new cultural shift at Primesight

Inspiring the new cultural shift at Primesight

From the lessons of Buddha to the growing importance of well-being, Primesight's commercial director, Chris Forrester, enters 2015 in contemplative fashion.

Share
Ocean Outdoor finds new owners in Searchlight Capital

Ocean Outdoor finds new owners in Searchlight Capital

Searchlight Capital Partners, the private equity owner of Hunter wellies, has bought a majority stake in Ocean Outdoor for an estimated £80 million.

Share
Top 10 regional press ads
Share

Get news by email