Grade Is Forced to Quit After Failing to Turn Around Itv [Scot Region]

Daily MailApril 24, 2009

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Summary


MICHAEL Grade has stepped down as executive chairman of ITV.

Despite two years at the helm, the businessman failed to turn around the ailing broadcaster's fortunes, and moved aside after pressure to relinquish control.

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Grade Is Forced to Quit After Failing to Turn Around Itv [Scot Region]

The 66-year-old executive, who earned Pounds 1.1million last year, had planned to remain in charge until the end of 2010.

The company posted record losses of Pounds 2.7billio...

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