In a shock announcement today, Trinity Mirror said that two of its directors are to go. Mark Haysom, managing director of its national newspapers, is to leave the company and has resigned as a director with immediate effect.
For the foreseeable future, the nationals’ management team will report directly to Sly Bailey, the new chief executive.
Haysom, 49 joined the Board in January 1998. He was appointed to his current position in September 1999. He has worked for the Company nearly 11 years,first in its regional business and more recently at the national titles.
Richard Wyatt, director of corporate development, will also leave the company by the end of April.
Sly Baily said: “I would like to thank Mark and Richard for their contribution to the company and wish them both well for the future. I’m looking forward to working more closely with our nationals’ team to help realise the full potential of our leading brands.”
Meanwhile the group has at last appointed a new group finance director, confirming Vijay Vaghela in the post in which he has been acting since1 July last year. He succeeds Margaret Ewing who left the group at the end of June 2002 to join BAA.
Vaghela, 36, qualified as a chartered accountant with Touche Ross before joining Mirror Group as head of internal audit in August 1994. He was subsequently promoted to group treasurer and is currently director of accounting and treasury. Vijay has been acting finance director since 1 July 2002.
Vaghela will take up his appointment with immediate effect and will beappointed as an executive director of the company immediately after the Annual General Meeting on Thursday, 8th May.