EasyJet boss Dame Carolyn McCall named as new ITV chief executive

Xavier Trudeau
Juillet 17, 2017

McCall, who has been at the helm of the low-priced airline for seven years, will succeed Scots-born Adam Crozier as chief executive of ITV on 8 January.

U.K. TV giant ITV has named easyJet CEO and former CEO of The Guardian Media Group Carolyn McCall its new CEO, effective January 8, 2018. She will further be able to participate in the group's existing annual bonus plan up to a maximum of 180 percent of salary, and the long-term incentive plan up to 265 percent of salary. The new ITV chief also has media experience, having been CEO of Guardian Newspapers and then the wider Guardian Media Group.

"I am looking forward to getting to know all of the people at ITV and helping it make the most of the incredible opportunities that it has in the future".

"I'm really pleased to be joining ITV", said McCall. Her appointment marks the first time ITV has had a female chief executive. Crozier officially announced his decision to leave in May, but his departure had been rumored for months, with reports circulating late a year ago that the broadcaster had called in recruiters to look for a successor. "I'm delighted we'll be working together at ITV".

"This was a really hard decision for me to make", she told easyJet investors in a stock market statement.

ITV's Ian Griffiths moved to a newly created combined role of chief operating officer alongside his previous position as group finance director following confirmation Crozier was leaving ITV in May.

She worked her way up in the media company after starting as a research planner and became a close ally of former Guardian editor Alan Rusbridger.

As of 08:25 BST, easyJet's share price had lost 0.78 percent to 1,400.00p, underperforming the broader United Kingdom market, with the benchmark FTSE 100 index having climbed into positive territory and now standing 0.41 percent higher at 7,408.50 points. "After seven years, the opportunity from ITV felt like the right one to take".

The budget airline assured investors that the search for her successor had "already commenced and the company expects to select from a strong range of candidates".

"She will leave EasyJet well set for future success". ITV's share price meanwhile is 1.68 percent up at 178.31p.

"This provides solid media experience in the world of advertising, which remains the majority of ITV's revenue", said Garrity.

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