Allen steps down from ITV

After months of pressure and mounting speculation, ITV chief executive Charles Allen today announced his resignation after two and a half years at the helm.

ITV plc today announced that its board directors has agreed with Allen that he will step down as chief executive and director of the company.

Allen will continue to work during the handover period and John Cresswell, currently ITV's finance director, will be appointed interim CEO with effect from 1 October.

ITV chairman, Sir Peter Burt, said in a statement: "Charles has done an excellent job over the past two years in integrating the business after the merger, in reducing costs and in reducing the burden of regulation on ITV and at the same time developing ITV's successful family of digital channels."

The search for a permanent successor is starting immediately and headhunters are being appointed.

 

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