Trinity Mirror plc today announces the following changes to its
Board and senior management team.
Vijay Vaghela is appointed Group Finance Director. He succeeds
Margaret Ewing who left the group at the end of June 2002 to join BAA.
Vijay, 36, qualified as a chartered accountant with Touche Ross
before joining Mirror Group as head of internal audit in August 1994. He was
subsequently promoted to group treasurer and is currently Director of Accounting
and Treasury. Vijay has been acting finance director since 1st July
2002.
Vijay will take up his appointment with immediate effect and
will be appointed as an executive director of the company immediately after the
Annual General Meeting on Thursday 8th May 2003.
Mark Haysom, 49, Managing Director, National Newspapers is to
leave the company, and has resigned as a director with immediate effect. For the
foreseeable future the Nationals' management team will report directly to Sly
Bailey, Chief Executive.
Mark joined the Board in January 1998. He was appointed to his
current position in September 1999. He has worked for the Company nearly 11
years, first in its regional business and more recently as Managing Director of
the national titles.
Richard Wyatt, Director of Corporate Development, will also
leave the company by the end of April.
Sly Bailey said: "Vijay has a deep knowledge of the company and
newspaper publishing. He is the principal architect of our current debt
financing strategy and is well known to our main shareholders and bankers. I am
delighted by the appointment and look forward to working closely with him in his
new role.
"I would like to thank Mark and Richard for their contribution
to the company and wish them both well for the future.
"I'm looking forward to working more closely with our Nationals'
team to help realise the full potential of our leading brands."
No further details required under chapter 6F2(b) - (g) of the
FSA Listing Rules remain to be disclosed.
