INM appoints new COO

Independent News & Media has appointed Vincent Crowley as its new chief operating officer.

The appointment fills the vacancy created when Gavin O’Reilly replaced his father Tony as chief executive of the newspapers group in May.

Crowley will be replaced as chief executive of INM’s Irish publishing business by Joe Webb, who is currently managing director of Independent Newspapers (Ireland).

Gavin O’Reilly said: “Vincent has a depth of media and project management experience, having held the position of CEO of our two biggest divisions, APN News & Media and INM Ireland.

“Vincent has a proven track record in active cost management and spearheaded the major cost realignment and reductions within the Irish division in recent years.

“He has redefined and modernised the key areas of editorial, advertising and pre-press. His vast experience and proven talents will be invaluable to the broader group.”

Crowley joined INM in 1990 and has worked in various roles including financial controller, from 1994 – 1996, chief financial officer and then chief executive of APN News & Media until 2002.

He was also a group board director from 1997 until it was reduced in size in May.

O’Reilly added: “These appointments come at an important juncture for INM with the group having just successfully agreed the company restructuring and secured a new four and a half year senior bank financing deal.

“These appointments will further underpin management’s unrelenting efforts to drive forward the operations of our market-leading brands through the anticipated improving economic cycle, and to restore equity value for every shareholder.”

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