INM chairman Buckley to step down from board

INM chairman Buckley to step down from board

Independent News and Media (INMchairman 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 (INMchairman 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 in this Section

Firm battles venous disease and ulcersFirm battles venous disease and ulcers

Looking abroad to craft a credible Irish response to climate changeLooking abroad to craft a credible Irish response to climate change

Irish food taps China’s appetite for beefIrish food taps China’s appetite for beef

Cork sports firm seals deal with Olympics hockey teamCork sports firm seals deal with Olympics hockey team


Lifestyle

About 70% of our planet is covered in water, in one form or another and it is vital to our survival.Appliance of science: Where does water come from?

Touched by the last rays of the sun, the grey mud of the estuary is dimpled with silver pools. Above them, rooks fly in their thousands, rooks uncountable, on different levels of the air.Interplay of rooks above Cillmanister a lovely mystery

A NEW survey confirms the presence of at least six rare spiders in Killarney National Park.Six rare spiders found in Killarney National Park

IT WAS written about an old ruin in Co Wexford but it may as well have been written for any other place.Islands of Ireland: Cows come home to Inishbarra

More From The Irish Examiner