23 May 2018 14:00
INDEPENDENT NEWS & MEDIA PLC
RESIGNATION OF DIRECTOR
Ticker: (Bloomberg) INM.ID/INM.LN and (Reuters) INME.I/INME.L
Dublin, 23 May 2018: Independent News and Media PLC ("INM" or the "Company") announces that Mr. Paul Connolly has decided that he is stepping down as a Director of the Company with effect from May 31st 2018.
Mr Connolly was appointed to the INM board in March 2009 and served for over 4 years as a member of the Remuneration Committee and 1 year as a member of the Nomination and Corporate Governance Committee.
Paul played an integral role in setting and executing the key strategic goals formulated by the Company following the successful completion of its financial restructuring process in 2013. This resulted in the positive restoration of the INM balance sheet and the introduction of its digital strategy positioning the business for future growth.
Chairman of INM, Mr. Murdoch MacLennan, said: '"While I am very disappointed that Paul has decided to resign at this time, I am hugely grateful for the immense contribution he has made to the Company over a significant period of transition. I have valued Paul's experience, knowledge and independent pragmatic counsel as a board member and colleague. His contribution to the board will be greatly missed".
Paul Connolly; "I would like to thank all my fellow board members and shareholders as well as the senior management team for their support and confidence in me over my nine years as a director of INM and I would like to wish the Company every success in the future".