26th Nov 2009 13:54
INDEPENDENT NEWS & MEDIA PLC
DIRECTORATE CHANGE
Dublin - 26th November 2009 | Independent News & Media PLC ("INM" or the "Company") is very pleased to announce the appointment of Mr. Lothar Lanz to the Board of Independent News & Media PLC as a non-executive Director with immediate effect. Mr. Lanz (61) is the Chief Financial Officer and Chief Operating Officer of Axel Springer AG - Germany's largest newspaper company and one of Europe's most integrated and successful media groups.
INM Chairman, Dr. Brian Hillery said: "We are delighted to welcome Lothar to the Board as a non-executive Director. He brings a depth of international multi-media and financial experience and independence to our deliberations, and his appointment is an important step in the ongoing refreshment and development of the Board recently signalled by the Company."
The Board of INM also announces the retirement of the Rt. Hon Kenneth Clarke as and from 31st December 2009. Mr. Clarke has been a non-executive Director of INM since 2007.
Commenting on Mr. Clarke's retirement, Dr. Hillery added: "Ken has served the Board of INM with flair and distinction, drawing on his vast political and business experience. As the Restructuring is now successfully completed, Ken has indicated his decision to step down to concentrate solely on his political role in Britain as the Conservative Shadow Business Secretary. I would like to thank Ken for his enormous contribution to INM and, on behalf of the Board, wish him well in his future".
ENDS
For further information, please contact:
|
Independent News & Media PLC Gavin O'Reilly Chief Executive Officer Donal Buggy Chief Financial Officer Tel: + 353 1 466 3200 |
|
Davy Hugh McCutcheon Eugenée Mulhern Tel: + 353 1 679 6366 |
|
Media Pat Walsh Murray Consultants (Dublin) Tel: +353 1 498 0300 |
Rory Godson/ Paul Durman Powerscourt (London) Tel: +44 20 7250 1446 |
Investors and Analysts Mark Kenny/ Jonathan Neilan FD K Capital Source (Dublin) Tel: +353 1 663 3686
|
Editor's Note:
Lothar Lanz, born 1948, studied Business Administration in Stuttgart and Berlin between 1969 and 1974 and completed his course with a Master of Commerce. Initially, he worked in Berlin as assistant auditor at a firm of certified public accountants and tax consultants and in 1977 he made the move to Bayerische Hypotheken- und Wechselbank AG, Munich, where he managed a succession of the bank's branches between 1983 and 1990. In 1991, he was elected a Member of the Executive Board at HSB HYPO Service-Bank AG, Munich. In 1996, he was appointed Member of the Executive Board at the trustee savings bank Nassauische Sparkasse in Wiesbaden. In the same year, he moved to ProSieben Media AG (later ProSiebenSat.1 Media AG) as Member of the Executive Board and Chief Financial Officer, where he left 2008. Lothar Lanz is Chief Financial Officer and Chief Operating Officer of Axel Springer AG (SPRGn.DE) and has been member of their Executive Board since May 2009.
Related Shares:
Independent News & Media