INM chairman Buckley to step down from board

Independent News and Media (INM) chairman Leslie Buckley and a non-executive director will step down from its board, as a major overhaul at the top of the media firm continues, writes Eamon Quinn.

INM chairman Buckley to step down from board

Independent News and Media (INM) chairman Leslie Buckley and a non-executive director will step down from its board, as a major overhaul at the top of the media firm continues, writes Eamon Quinn.

INM has been enveloped in an extraordinary corporate row for over a year which led to an ongoing investigation by the Office of the Director of Corporate Enforcement, the ODCE.

Former chief executive Robert Pitt, who resigned in October, had used whistleblowing legislation as a dispute involving Mr Buckley raged inside the media firm over the potential acquisition of Newstalk.

The broadcaster is owned by Denis O’Brien, who also holds a large stake in INM.

INM named four new non-executive directors, including Murdoch MacLennan, current deputy chairman of the UK’s Telegraph Media Group, and former group managing director at Associated Newspapers, the Daily Mail publisher.

The other appointments include John Bateson, managing director of Dermot Desmond’s International Investment and Underwriting, which has a shareholding in INM; and Fionnuala Duggan, who heads KNect365 Learning.

She “has enjoyed success in repositioning traditional industries for the digital age”, INM said. Seamus Taaffe, a former member of the KPMG Ireland board, will also join the board.

INM shares rose over 4%.

Despite €90m in the bank, the firm is valued at €141.43m.

Mr Buckley thanked colleagues “for their support during what has been an eventful and challenging time for the company and for the Irish newspaper industry as a whole”.

Independent News and Media (INM) chairman Leslie Buckley and a non-executive director will step down from its board, as a major overhaul at the top of the media firm continues.

more courts articles

Man appears in court charged with false imprisonment of woman in van Man appears in court charged with false imprisonment of woman in van
Man in court over alleged false imprisonment of woman Man in court over alleged false imprisonment of woman
Coronation Street actor William Roache (91) given three months to settle tax debt Coronation Street actor William Roache (91) given three months to settle tax debt

More in this section

Nottingham City Centre Stock Irish staff at the Body Shop wait for wages as retailer shuts stores in the Republic
Ryanair comments on Norwegian Ryanair boss O'Leary's spat with Transport Minister over Dublin Airport escalates
Lord Rothschild death Tony Blair leads tributes on death of financier Rothschild at age 87
IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
ie logo
Puzzles Logo

Play digital puzzles like crosswords, sudoku and a variety of word games including the popular Word Wheel

Lunchtime News
Newsletter

Keep up with the stories of the day with our lunchtime news wrap.

Sign up
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited