Monday 22 October 2018

INM group Editor-in-Chief Stephen Rae to step down

INM Group editor-in-chief Stephen Rae Photo: Arthur Carron
INM Group editor-in-chief Stephen Rae Photo: Arthur Carron
Independent.ie Business Desk

INM group Editor-in-Chief Stephen Rae is to step down from the position.

"I have had the privilege and honour to lead the editorial department since 2013. On completion of my five year term I will be stepping down from the role," Mr Rae said.

"Following a transformation of the group into a digital focused newsroom and content hub, I am now happy to leave the publishing business in a strong position and hand it over to a team of strong and dynamic editors.

"I'm leaving the business at a time when all print titles are market leaders and online platform Independent.ie has become the nation's go-to news source.

"During my 25 years at INM I feel greatly privileged to have worked with many extremely bright and exceptional people and to have guided the coverage on some of the biggest news stories our country has seen.

"I am now looking forward to taking on new digital projects which will focus on my core interests of developing new revenue models for journalism along with the hugely important editorial fight against fake news."

Chief Executive Officer, INM, Michael Doorly said that he would like to thank Mr Rae "for his efforts and contribution to the company over many years".

"Stephen has provided great editorial direction to all of our titles and built a team of outstanding editors," he said.

"I would like to thank him for his support during my tenure as CEO and wish him every success for the future."

Meanwhile, INM has also announced that Paul Connolly has decided to step down as a director of the company with effect from May 31 2018.

The financier was a nominee of businessman Denis O’Brien to the INM board, which he joined in March 2009.

His decision to stand down comes less than a week after he was re-elected as director at the group’s annual general meeting last week.

The chairman of INM, Mr. Murdoch MacLennan, said: '"While I am very disappointed that Paul has decided to resign at this time, I am hugely grateful for the immense contribution he has made to the company over a significant period of transition. I have valued Paul's experience, knowledge and independent pragmatic counsel as a board member and colleague. His contribution to the board will be greatly missed".

Paul Connolly; "I would like to thank all my fellow board members and shareholders as well as the senior management team for their support and confidence in me over my nine years as a director of INM and I would like to wish the company every success in the future".

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