Sly Bailey to step down from Trinity Mirror with immediate effect
It has been announced that Sly Bailey is to step down from her role of chief executive of Trinity Mirror with immediate effect.
Bailey said: "Newspapers are a business like no other and it's been an absolute privilege to have led Trinity Mirror in this fascinating and all-consuming role. Everything I've achieved during my time here has been underpinned and supported by the hard work, commitment and enthusiasm of our tremendous staff."
While the company is looking for a replacement, group finance director Vijay Vaghela will take on the role, working with newly appointed chairman David Grigson.
Grigson said: "The Company and the Board are grateful to Sly for her immense contribution and leadership over nearly 10 years. Despite the deep economic downturn, the actions she has taken with her team have ensured the Company has consistently delivered robust profits. We wish her well for the future."