Steven Cain, chief executive of Carlton Communications, is set to leave the company at the end of January. His departure follows the proposed merger between Carlton and United News & Media, which is currently being investigated by the Office of Fair Trading.
United's Clive Hollick has taken the chief executive role in the merged company. Cain, who only joined Carlton last year from Asda where he was marketing director, told Media Week: “I was brought in as chief executive with a brief to make more of Carlton. By merging with United, my goals have effectively been achieved therefore my job is done.”
Cain added that as yet he has no job to go to, but would be looking for another chief executive role.