REG - ITV PLC - ITV appoints new Chair

ITVAnnouncement

10/03/2022 07:00

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RNS Number : 2521E  ITV PLC  10 March 2022

10 March 2022

 

ITV APPOINTS NEW CHAIR

 

ITV is pleased to announce that it has appointed Andrew Cosslett as its new
Chair to succeed Sir Peter Bazalgette, who will step down after just over six
years in the role and nine years on the Board. Andrew will join the Board as
an independent Non-executive Director and Chair Designate with effect from 1
June 2022 and will become Non-executive Chair with effect from 29 September
2022 when Sir Peter stands down.

 

Andrew, who is also the Chair of Kingfisher PLC, the FTSE 100 international
home improvement company, is an experienced chair who has spent his career in
a range of consumer facing sectors. He has extensive stakeholder management
experience, has worked internationally across an extensive range of businesses
and has a strong track record in strategic business transformation.  Andrew
is the former Chief Executive of InterContinental Hotels Group (IHG) and
former Chair of the Rugby Football Union (RFU), the governing body for rugby
in England.

 

Edward Bonham Carter, ITV's Senior Independent Non-executive Director, said:

 

"We are delighted that Andrew will be joining us as Chair of ITV. Having
conducted a thorough and detailed process, the Board is confident that we have
found an excellent new Chair, out of a very strong field of candidates."

 

ITV Chief Executive Carolyn McCall said:

 

"ITV is very grateful to Baz for the role he has played as our Chair as we
have transformed the Company into the much stronger, more flexible and
digitally scaled business it is today. He will be greatly missed by the entire
business.

 

"The next few years will be exciting for ITV as we launch ITVX and continue to
deliver our digital acceleration. I'm really pleased that Andrew, with his
huge wealth of experience, will be with us as Chair as we continue to grow and
deliver on our ambition."

 

Andrew Cosslett said:

 

"I am delighted to be joining ITV. This is an exciting time for the media
sector with viewing habits and the needs of advertisers evolving rapidly.
During the years of Peter's chairmanship ITV has undergone a remarkable
transformation and is very well placed to take advantage of these sector
trends. The Company has an enviable reputation for connecting with millions of
people every day, reflecting and shaping culture. I am looking forward to
supporting Carolyn and the team on the next leg of their exciting journey."

 

Sir Peter said:

 

"I am looking forward to Andrew joining the Board in June and to handing the
Chair role to him in September. My years at ITV have been exciting, enjoyable
and extremely rewarding. Over the past six years, ITV has successfully
navigated a number of challenges, including the unprecedented disruption of
COVID-19.  Despite these, the executive team has driven the digital
modernisation of the business while delivering programming in the very best
traditions of Public Service Broadcasting. ITV is looking forward to a strong
future as a truly digital media and entertainment company and I leave it in
the very best of hands."

 

On taking up the role of Chair in September, Andrew will be appointed as a
member and the Chair of the Nominations Committee, and a member of the
Remuneration Committee.

 

There are no additional matters that would require disclosure in respect of
Andrew Cosslett pursuant to 9.6.13R of the Listing Rules of the UK Financial
Conduct Authority.

 

 

For further details, please contact:

 

Investor Relations

Pippa Foulds                   +44 7778 031097

Faye Dipnarine               +44 20 7157 6581

Media Relations

Paul Moore                     +44 7860 794444

Jenny Cummins              +44 7595 106670

 

 

 

- ENDS -

 

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