Saturday, 23 September, 2017

ITV appoints easyJet's McCall as CEO

ITV is tackling weak advertising revenues ITV is tackling weak advertising revenues
Kayla Schwartz | 17 July, 2017, 17:32

Mr Crozier, who took over from Michael Grade in January 2010, left the company on 30 June.

Britain's FTSE 100 index is seen opening 13 points higher on Monday, according to financial bookmakers, with futures up 0.3 percent ahead of the cash market open.

Luton based Easyjet's chief executive has been named as the new head of ITV.

The 55-year-old will join the maker of soap opera Coronation Street and reality show Love Island at a time when advertising revenues are coming under pressure as consumer spending slows and companies shift more of their marketing efforts online. "It is a fantastic company in a dynamic and stimulating sector", she said.

She says the decision to pursue the opportunity with ITV "felt like the right one to take", but says: "EasyJet is a structural victor in a brilliant position, and I look forward to being a loyal customer in the years to come".

It said: "She will also be able to participate in the company's existing annual bonus plan up to a maximum of 180% of salary, and the long-term incentive plan up to 265% of salary".

Artificial sweeteners don't help people lose weight, review finds
Adults who have at least one diet drink a day are three times more at risk from a stroke or dementia, research showed in April. Observational studies that link the sweeteners to health problems do not prove the sweeteners themselves are responsible.

ITV said McCall's total remuneration would be "broadly the same" as that of Crozier.

During her tenure at easyJet, she has brought a customer-focused approach to the business and "redefined what passengers now expect from short haul flights", ITV said.

ASTRAZENECA: Anglo-Swedish pharmaceutical firm AstraZeneca said on Friday its chief executive, Pascal Soriot, would host a results call with reporters on July 27, after refusing to comment on speculation this week that he was leaving the firm.

McCall also sits on the Board of the Department of Business, Energy and Industrial Strategy and is a Trustee at the Royal Academy.

Alongside her role at the low-priced airline, Ms McCall has been a non-executive director of Burberry since 2014.

While the broadcaster has seen its audience share slip like the other major United Kingdom networks, Crozier has focused on building out worldwide production and distribution revenues.

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