INM names Michael Doorly as interim CEO
Independent News & Media (INM) has named media veteran Michael Doorly as interim group chief executive officer (CEO).
It is understood Mr Doorly is set to be confirmed in the role on a permanent basis, and appointed as a director of the plc by the board next week.
INM's chairman, Leslie Buckley, said: "On behalf of the board, I wish Michael every success in his new role and very much look forward to working with him in driving the business forward."
Speaking to the Irish Independent, Mr Doorly said: "I look forward to planning for the long-term future of the business, including diversification and the transition to a sustainable digital strategy, and to continuing to work with the exceptional team that we have at INM."
Mr Doorly has been with INM for more than 20 years, holding a number of senior executive posts, most recently as company secretary and chief risk officer.
Before that he was finance director from 2007 to 2012, and was previously chief operations director in the group's distribution division, Newspread.
Before joining INM, he worked in Technicon Ireland (now Bayer Diagnostics) and KPMG. He attended Belvedere College in Dublin, and is a graduate of UCD. Mr Doorly is a qualified chartered accountant and chartered director.
The native of Mount Merrion in Dublin has taken up his role with immediate effect, following the departure of the previous CEO, Robert Pitt.
That exit followed a long-running board-level row between Mr Pitt and the INM chairman, which culminated in August when the CEO publicly declined to vote in support of Mr Buckley in a show of hands at the group's annual general meeting in Dublin. The re-election of the chairman with backing from the rest of the board and shareholders had left the CEO increasingly isolated.