| 17.7°C Dublin

RTÉ's top financial officer set to leave broadcaster

Close

RTÉ is on the hunt for a new chief financial officer after the current CFO signalled plans to leave the organisation next year. Stock photo

RTÉ is on the hunt for a new chief financial officer after the current CFO signalled plans to leave the organisation next year. Stock photo

RTÉ is on the hunt for a new chief financial officer after the current CFO signalled plans to leave the organisation next year. Stock photo

RTÉ is on the hunt for a new chief financial officer after the current CFO signalled plans to leave the organisation next year.

Breda O'Keeffe is to leave the media group in March after more than seven years in the role.

She is one of nine executives on the RTÉ board, effectively second in command to director-general Dee Forbes. The organisation is chaired by Riverdance co-founder Moya Doherty.

O'Keeffe took over the position in September 2012 from Conor Hayes, who had been known for his cost-cutting initiatives in the early years of the financial crisis.

An RTÉ spokesman confirmed O'Keeffe's plans to leave Montrose.

"Breda O'Keeffe informed the director-general of RTÉ a number of months ago of her intention to leave RTÉ in March 2020 after more than 17 years with the organisation," he said.

"This has allowed time to ensure a smooth transition for Breda's successor once appointed. Details will be announced in due course."

RTÉ has been warning of its financial crisis for some time and will announce wide-ranging cuts next month. As revealed in the Sunday Independent, RTÉ's suggested public funding increase of €55m a year has not materialised. A new media charge will not be introduced before 2024.

RTÉ has recorded several deficits in recent years although commercial revenue has broadly stabilised.

The organisation is looking at a new redundancy scheme as well as regional operations and may axe Lyric FM and its Cork studios, according to reports.

Sunday Indo Business