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

Election 2015: Where do people get their news?

Election 2015: Where do people get their news?

With the election almost upon us, the first in Newsworks' series of election trackers looks at where people get their news from.

Share
Judges rail against 'sexed up' work at D&AD open sessions

Judges rail against 'sexed up' work at D&AD open sessions

Judges at D&AD's open sessions in the Truman Brewery criticised the rise of video case studies in awards submissions, arguing they "sexed up" average work.

Share
Prime Mover: the priming effect of digital out-of-home revealed
[Sponsored feature]

Prime Mover: the priming effect of digital out-of-home revealed

Digital out-of-home is an exciting new medium with great scope for visual and interactive communication: but how effective is it as an advertising channel? Ocean turned to the world of neuroscience to find out

Share

Get news by email