Trinity Mirror plc, the UK's largest newspaper publisher, today
announces the appointment of Sly Bailey as Chief Executive of Trinity Mirror plc
with effect from 3rd February 2003. She replaces Philip Graf who announced on
24th September 2002 his intention to stand down from Trinity Mirror.
Sly Bailey, 40, joins Trinity Mirror from IPC Media Ltd, where
she has been Chief Executive since December 1999. She successfully led
discussions with AOL Time Warner that resulted in the sale of the company to
Time Inc., the publishing division of AOL Time Warner, in July 2001 for £1.15bn
- the largest ever transatlantic media deal. She was also a member of the
management team that led the buyout of IPC Media for £860m in January 1998. Sly
joined IPC Media Ltd in 1989 as head of Divisional Classified Advertising Sales,
joining the Board in 1994 as Advertising Director before being appointed
Managing Director of IPC tx, the TV listings division, in 1997. Prior to joining
IPC Media, she worked in advertising sales management positions at The Guardian
and The Independent. She has been a non-executive director of Littlewoods
PLC.
Sir Victor Blank, Chairman of Trinity Mirror plc,
commented:
"The appointment of Sly is tremendous for Trinity Mirror. She
has a proven track record in building businesses and brands, excellent media
credentials and will bring extra drive and vigour to our national and regional
newspapers. She joins a quality team in the process of re-invigorating the
Trinity Mirror businesses. We are very much looking forward to having her as
part of the team and warmly welcome her to the Group."
Sly Bailey commented:
"The Chief Executive role at Trinity Mirror is one of the key
positions in UK media. Trinity Mirror is an ambitious and successful company
with strong businesses, a clear growth strategy and enormous opportunities for
further development.
"I'm absolutely thrilled at the prospect of leading the
country's biggest newspaper publisher, and I look forward to building on the
strength of some
