Industry sources claim that Mark Hollinshead, the managing director of Trinity Mirror’s national newspaper division, has signalled an interest in taking over from outgoing chief executive Sly Bailey.
Bailey will stand down at the end of the year after becoming embroiled in a shareholders’ revolt over her £1.7 million pay package.
Hollinshead was put in charge of the group’s flagship titles – including the Daily Mirror, Sunday Mirror and The People – four years ago, adding to his responsibilities for the Daily Record and Sunday Mail, which are now part of a devolved Media Scotland division.
He was appointed managing director of the Scottish Daily Record and Sunday Mail Ltd in 1998 – moving from the MD post at Midland Weekly Media Ltd.
Hollinshead was previously business development director at Thomson Regional Newspapers; marketing director at MIN plc and research manager at the Wolverhampton Express & Star, having entered the newspaper industry in advertising sales at the Midland News Association Ltd in the mid-1980s. He spent the early part of his career working in advertising agencies.
According to Scotland on Sunday, Trinity Mirror finance director Vijay Vaghela is also thought to be a candidate to replace Bailey, although the newspaper points out that “the company is expected to want to consider candidates with digital experience”.