29th Jan 2016 16:18
LONDON (Alliance News) - Independent News & Media PLC Friday said it has appointed existing Chief Executive Robert Pitt to its board of directors.
Pitt joined the company as chief executive back in September 2014 and the company said it looks forward to Pitt adding a positive contribution at board level after overseeing a number of considerable changes in a continually challenging period for the business and the wider publishing sector over the last 18 months.
"The board is delighted to announce the appointment of Robert Pitt as a director of the company," said Chairman Leslie Buckley.
In its last trading update, the company said revenue had increased in the first ten months of 2015 for the first time in eight years, with profit on track to meet expectations.
Independent News shares were down 3.2% to 0.153 pence per share on Friday afternoon.
By Joshua Warner; [email protected]; @JoshAlliance
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