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Trinity Mirror Sly Bailey

Trinity Mirror CEO Sly Bailey to stand down

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By Stephen Lepitak, -

May 3, 2012 | 2 min read

Trinity Mirror, publisher of The Daily Mirror and The Daily Record, has announced that its CEO, Sly Bailey is stand down at the end of 2012.

Chairman Sir Ian Gibson said “The Company and the Board are grateful to Sly for her immense contribution and leadership over an extended period and wish her well for the future.”

Bailey added: “For the past ten years I have had the privilege of being CEO of Trinity Mirror Plc, a fascinating and all consuming role. Newspapers are a business like no other.

"Now I feel the time has come to hand over to someone else to take up the challenge and for me to seek new challenges and opportunities elsewhere.

"My immediate priority is to continue to run the business, to deliver the best possible performance for 2012.”

In recent times, Bailey has come under pressure from shareholders to take a paycut from her wage, with a base salary reported to be around £750,000 a year, while widespread job cuts at the company were being announced.

The publisher has now begun its search for a successor, it said.

Trinity Mirror Sly Bailey

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