ITV chairman Archie Norman to depart after six years at the helm
ITV chairman Archie Norman has stated his intention to depart the commercial broadcaster as soon as a successor can be found according to reports.
Norman is understood to have informed colleagues of his decision during a recent boardroom meeting, bringing to an end his six year tenure at the broadcaster overseeing hit shows such as Downton Abbey and Broadchurch.
The former Conservative MP and Asda boss has been nicknamed the ‘turnaround king’ for helping to reverse the flagging fortunes of ITV when taking over in 2010, a time when the business appeared to be in terminal decline amidst collapsing advertising revenue and fierce competition from multimedia rivals.
Under Norman’s watch Adam Crozier was brought on board as chief executive, who spearheaded the production of Downton Abbey, with the company’s market value now quoted as £10.5bn.
Norman will maintain his role as a senior adviser to Australian retail group Wesfarmers.