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Dublin: 8 °C Thursday 17 October, 2019
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Independent News and Media chief executive to step down later this year

Vincent Crowley has worked with the media giant for more than two decades.

Vincent Crowley
Vincent Crowley
Image: Sam Boal/Photocall Ireland

THE CHIEF EXECUTIVE Officer of Independent News and Media (INM) has this evening announced that he is to step down later this year.

Vincent Crowley had worked at the media giant for almost 24 years, and was appointed CEO in April of 2012.

The company aims to appoint a successor as soon as possible, with 31 May set as the date for Crowley’s departure .

In a statement this evening, Crowley stressed the debt restructuring work carried out during his time as CEO that saw the company’s debt reduced by almost 75 per cent.

“I believe INM is now well positioned for an island of Ireland recovery,” he said.

I am grateful to the many stakeholders who supported INM’s transformation and to my very many friends and colleagues for their support since I joined INM in 1990.

The company operates more than 200 newspapers and magazines, as well as more than 100 websites and radio stations, worldwide.

Its flagship titles in Ireland include the Irish Independent, the Sunday Independent, and the Herald.

Read: Dermot Desmond significantly increases his share in INM >

More: Fancy being the new head of RTÉ One? >

Communicorp: There was too much fat in INM >

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Nicky Ryan

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