13/03/2009
'Tele Media Mogul Stands Down
The billionaire boss of one of Ireland's biggest media companies is to stand down.
Anthony O'Reilly, 72, is retiring as chief executive of Independent News & Media, which owns the Belfast Telegraph.
Mr O'Reilly has been a director for over 30 years but initially made his name as the man behind the Heinz grocery brand's enormous global success.
Mr O'Reilly will stand down on his 73rd birthday in May.
Rival shareholder Denis O'Brien who holds 25% of the company's stock has welcomed the move. He said boardroom changes will help to position the group strongly in the current financial climate.
Following a long battle with Mr O'Brien over the make-up of the board and corporate governance at the group, three new directors will be appointed by Mr O'Brien.
However, the media mogul who is said to be the sixth richest man in Ireland has appointed his son, Gavin, to take over as chief executive.
Announcing his retirement on Friday, Sir Anthony O’Reilly said: "It has been more than three decades since I first became involved with independent and in that time it has been my pleasure to have worked with a range of highly talented and hugely committed directors and colleagues.
"My appreciation of them is undiminished by time. Together, we have expanded this Irish newspaper group and enshrined a fiercely independent editorial policy that is widely respected across the world. As the largest shareholder, I will continue to support their legacy and this wonderful Group in the furtherance of its strategy."
His son Gavin has been Group Chief Operating Officer of the group, since 2001.
(DW/BMcC)
Anthony O'Reilly, 72, is retiring as chief executive of Independent News & Media, which owns the Belfast Telegraph.
Mr O'Reilly has been a director for over 30 years but initially made his name as the man behind the Heinz grocery brand's enormous global success.
Mr O'Reilly will stand down on his 73rd birthday in May.
Rival shareholder Denis O'Brien who holds 25% of the company's stock has welcomed the move. He said boardroom changes will help to position the group strongly in the current financial climate.
Following a long battle with Mr O'Brien over the make-up of the board and corporate governance at the group, three new directors will be appointed by Mr O'Brien.
However, the media mogul who is said to be the sixth richest man in Ireland has appointed his son, Gavin, to take over as chief executive.
Announcing his retirement on Friday, Sir Anthony O’Reilly said: "It has been more than three decades since I first became involved with independent and in that time it has been my pleasure to have worked with a range of highly talented and hugely committed directors and colleagues.
"My appreciation of them is undiminished by time. Together, we have expanded this Irish newspaper group and enshrined a fiercely independent editorial policy that is widely respected across the world. As the largest shareholder, I will continue to support their legacy and this wonderful Group in the furtherance of its strategy."
His son Gavin has been Group Chief Operating Officer of the group, since 2001.
(DW/BMcC)
Related Northern Ireland News Stories
Click here for the latest headlines.
20 April 2007
Printing jobs boost for Newry
Independent News and Media newspaper group has announced it is creating 60 jobs at a new printing press in Newry. The plant will cost £20 million and more than 30 newspaper titles including the Mirror, the News of the World and the Daily Express are printed by the company.
Printing jobs boost for Newry
Independent News and Media newspaper group has announced it is creating 60 jobs at a new printing press in Newry. The plant will cost £20 million and more than 30 newspaper titles including the Mirror, the News of the World and the Daily Express are printed by the company.
17 February 2010
Boss Wins Accolade As UTV Cuts Back
The man said to have been responsible for developing a regional TV station into a multimedia group - while cutting jobs - has been honoured with a local business award.
Boss Wins Accolade As UTV Cuts Back
The man said to have been responsible for developing a regional TV station into a multimedia group - while cutting jobs - has been honoured with a local business award.
06 March 2012
UTV Media Announces Acquisition Of PR Firm
A successful media company in the UK and Ireland incorporating Radio, Television, New Media and Publishing has revealed that they have bought a social media agency with the hope of further expanding their multi-media business.
UTV Media Announces Acquisition Of PR Firm
A successful media company in the UK and Ireland incorporating Radio, Television, New Media and Publishing has revealed that they have bought a social media agency with the hope of further expanding their multi-media business.
25 January 2002
JobsNation celebrates successful first year
One year on since the extensive jobs and recruitment website, at www.jobsnation.co.uk, was launched by Flagship Media Group, the JobsNation site has been hailed as an unqualified success.
JobsNation celebrates successful first year
One year on since the extensive jobs and recruitment website, at www.jobsnation.co.uk, was launched by Flagship Media Group, the JobsNation site has been hailed as an unqualified success.
04 December 2009
Energia Marks Energetic Decade
A Belfast-based company has been celebrating a decade of successful energy production.
Energia Marks Energetic Decade
A Belfast-based company has been celebrating a decade of successful energy production.
-
Northern Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.
