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17 July 2017, 03:37 | Kenneth Drake
ITV names new chief executive
United Kingdom commercial broadcaster ITV has confirmed the chief executive of budget airline EasyJet as its new CEO. Before that, she was chief executive of Guardian Media Group.
Mr Crozier, who took over from Michael Grade in January 2010, left the company on 30 June.
McCall is the former chief executive of Guardian Media Group so she has experience in heading a major media business and a FTSE 100 company, which gave her leg up over other candidates.
"I'm delighted we'll be working together at ITV".
Shares in ITV were trading up 2 per cent at 178.5 pence in early deals, while easyJet was down 0.5 per cent at 1,404 pence. She will be eligible for a bonus of as much as 180 percent of salary and a long-term incentive plan of up to 265 percent of her salary.
"She's got a good grip on the key issues facing traditional media", DeGroote said by phone. Now she's coming back as chief executive officer of ITV Plc, just as the battleground has moved to television.
EasyJet said McCall and her team had transformed the low-priced carrier, improving its operations and growing passenger numbers, resulting in a trebling of the share price and the payment of 1.2 billion pounds in dividends.
The FTSE 100-listed budget airline said McCall will step down around the end of the year, and that it has already begun the search for her replacement. Last week EasyJetannounced its plans for a new European subsidiary based in Austria, which will help it continue to fly within Europe post-Brexit. Ad sales made up 47 percent of ITV's overall revenue in 2016, compared to 64 percent in 2010, the year Crozier joined.
I am looking forward to getting to know all of the people at ITV and helping it make the most of the unbelievable opportunities that it has in the future, ' she said. I have had an incredible seven years at EasyJet, I am so proud of what the airline and its people have achieved in that period.
McCall was said to have been chosen as the preferred candidate for the ITV top job at the end of last month, but reports have said that disagreements about her salary package had slowed things down.
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