Lucy Gaffney resigns from board of INM
Businesswoman Lucy Gaffney has stepped down from the board of Independent News & Media (INM).
The company said yesterday that Ms Gaffney had informed the board of her resignation.
First appointed as a non-executive director in March 2009 Ms Gaffney has served on both INM's Nomination & Corporate Governance Committee and the Corporate Social Responsibility Committee through a period of dramatic change for the media.
INM chairman Leslie Buckley expressed the company's appreciation for her work as director.
"On behalf of the company and the board, I wish to express my sincere gratitude to Lucy Gaffney for her total dedication to the business since 2009," Mr Buckley said.
"She has made a very valuable and positive contribution to INM, in terms of strategic input and exceptional guidance. She was hugely ambitious for INM during her time on the board."
Ms Gaffney is a close business associate of Denis O'Brien, INM's biggest shareholder, dating back to her time at Esat Telecom.
She chairs Communicorp, Mr O'Brien's commercial radio group which operates 22 stations in three countries including Today FM and Newstalk in Ireland. She is a founding director of telecoms group Digicel and sits on the board of fuel group Topaz. Ms Gaffney previously chaired the Steering Committee of the National Action Plan against Racism and was a director of the 2003 Special Olympics.