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May 14, 2012

Report: Trinity Mirror chairman Sir Ian Gibson ‘could stand down months early’

By andrew

Trinity Mirror chairman which Sir Ian Gibson could retire from the board months ahead of schedule, according to Sky News.

A report by City editor Mark Kleinman this morning claimed:

The company’s board is considering a plan under which Sir Ian Gibson would retire after a board meeting towards the end of this month, when he would make way for David Grigson, the former Reuters finance director.

Trinity Mirror announced last December that Gibson would depart on August 3, on the day that the publisher of the Daily Mirror announces its interim results. However, I’m told that the recent revolt from shareholders over executive pay at the company has prompted a rethink.

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Although the plan is not yet finalised, people close to Trinity Mirror say it is likely that Grigson will take over at the end of the month.

Trinity Mirror chief executive Sly Bailey recently announced she would be leaving the company at the year.

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