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INM CEO Robert Pitt has suddenly resigned to 'pursue other interests'

INM issued a statement this evening announcing Pitt’s departure.

 Robert Pitt pictured in August.
Robert Pitt pictured in August.

MEDIA ORGANISATION INDEPENDENT News and Media has announced the resignation of its CEO Robert Pitt.

INM – which publishes the Irish Independent and the Sunday Independent among other titles – issued a statement this evening announcing Pitt’s departure.

The organisation said that Pitt had “decided to leave the business, with effect from Friday, 13 October 2017, to pursue other interests”.

It was reported last year that Pitt had had a disagreement with chairman Leslie Buckley over the price the group might pay in its abandoned takeover bid of Newstalk.

The group issued a statement at the time to confirm that “an issue arose” between the two board members “in relation to the terms of a possible acquisition”.

In March, INM confirmed that it was complying with an order from the Office of the Director of Corporate Enforcement (ODCE) “to produce books and records” in relation to the reported bid.

The corporate watchdog had asked INM to produce records of its abandoned takeover of Newstalk.

With reporting from Conor McMahon from Fora.ie

Read: Ireland’s biggest newspaper group wants Google and Facebook to pay for news

Read: INM has struck a deal for the controversial closure of its pension schemes

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