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

Newspaper ABCs: Digital figures for August 2014

Newspaper ABCs: Digital figures for August 2014

Mail Online continues to lead the websites for the UK's national newspapers, with more than 113 million unique browsers in August, the biggest risers year on year are sites for the Metro (175%) and the Mirror (99%).

Share
Trinity Mirror's Wildman poaches Yahoo's Piers North

Trinity Mirror's Wildman poaches Yahoo's Piers North

Trinity Mirror has poached Piers North from Yahoo to take the new role of digital strategy director at the national and regional newspaper publisher.

Share
Starcom MediaVest appoints Sue Frogley as global commercial director

Starcom MediaVest appoints Sue Frogley as global commercial director

Starcom MediaVest Group has appointed Sue Frogley to the newly created role of global commercial director.

Share

Get news by email