Davy Research |
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Independent News & Media
(INM ID)
APN appoints Peter Hunt as chairman
30 July 2012
Simon McGrotty
| Closing Price: | 21c | Rating: | Outperform | 29/03/10 | Previous: | Neutral | 30/06/09 |
FACTS: APN News & Media (APN), in which Independent News & Media (INM) holds a 29.5% shareholding, has announced (July 30th) the appointment of Peter Hunt as chairman of the board with effect from September 3rd 2012.
ANALYSIS: Peter Hunt's appointment fills the position vacated by Gavin O'Reilly when he resigned as INM CEO and chairman of APN in April. Hunt is non-executive chairman and a founder of Greenhill Caliburn, a corporate advisory firm, now part of the global Greenhill advisory group. He was joint chief executive and the executive chairman of Caliburn from its establishment in May 1999 until its sale to Greenhill in April 2010.