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

Ocean digital out-of-home competition opens for entries

Ocean digital out-of-home competition opens for entries

Ocean Outdoor and Campaign have launched a contest to discover the most creative work in digital out-of-home.

Share
BBC Trust accepts cost for over-75s TV licences but 'cannot endorse the process'

BBC Trust accepts cost for over-75s TV licences but 'cannot endorse the process'

BBC Trust chairman, Rona Fairhead, has said she "accepts" the surprise announcement by culture secretary, John Whittingdale, today that the government will stop subsidising the over-75s TV licence fee, but has questioned the process that led to the major overhaul.

Share
Discovery's partnership with the IOC spells gold for brands

Discovery's partnership with the IOC spells gold for brands

A commercial broadcaster has the potential to improve on the BBC's coverage of the Olympics, says MediaCom's head of sport for Europe, Middle East and Africa.

Share

Get news by email