Dr Brian Hillery replaced as INM chairman by James Osborne
INDEPENDENT News and Media has appointed James Osborne as its chairman after the retirement of Dr Brian Hillery.
Mr Osborne, (61) a director at the budget airline Ryanair, replaces Dr Hillery with immediate effect.
Dr Hillery has retired from INM after seven years as chairman.
He said that Mr Osborne's appointment marks a "new chapter" for Ireland's largest media group.
"I am delighted that the board has approved James Osborne's appointment. He brings a wealth of experience and skill to the board," he said.
"I have served on the board for eight years and have greatly appreciated the support of shareholders. I have had the privilege to work alongside excellent directors and management.
"After some recent challenging years for the company I am happy that this appointment marks the beginning of a new chapter in its history and I wish James well in his new role."
Mr Osborne praised Dr Hillery’s contribution as chairman, and said the company is "leaner, more focused and better positioned for future growth".
Mr Osborne is a former Managing Partner of A&L Goodbody Solicitors and is the senior independent director at Ryanair Holdings, a non-executive director of James Hardie Industries and chairman of Eason and Son, a private company.
The appointment of Mr Osborne follows an independent search conducted by Lamarck Limited, a specialist UK-based search and advisory firm.
Mr Osborne has also held non-executive directorships at the Bank of Ireland, Golden Vale, Adare and Carrolls Holdings.
He has served on Ryanair's board of directors for 15 years.